There Is a Newer Version
of
the Code of Alabama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 27-41-27 Particular investments - Securities of foreign countries.
Section 27-41-27
Particular investments - Securities of foreign countries.
An insurer authorized to transact insurance in a foreign country may make investments, in an aggregate amount not exceeding its obligations incurred in such country, in securities of or in such country possessing characteristics similar to like investments required pursuant to this chapter for investments in the United States of America. Canadian securities eligible for investment under other provisions of this chapter are not subject to this section.
(Acts 1977, No. 408, p. 530, §27.)
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