There Is a Newer Version
of
the Code of Alabama
2009 Alabama Code
Title 27 — INSURANCE.
Chapter 41 — INVESTMENTS OF LIFE, DISABILITY AND BURIAL INSURANCE COMPANIES.
Section 27-41-22 Particular investments - Loans secured by liens on interests in oil, gas or condensate properties, etc.
Section 27-41-22
Particular investments - Loans secured by liens on interests in oil, gas or condensate properties, etc.
An insurer may invest in adequately secured loans secured by first liens on interests in oil, gas or condensate properties or leaseholds in the United States and Canada on which there are fully completed commercially producing wells.
(Acts 1977, No. 408, p. 530, §22.)
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