2009 Alabama Code
Title 27 — INSURANCE.
Chapter 41 — INVESTMENTS OF LIFE, DISABILITY AND BURIAL INSURANCE COMPANIES.
Section 27-41-9 Particular investments - Bonds, etc., of states or counties, municipalities, school districts, etc., therein generally.
Section 27-41-9Particular investments - Bonds, etc., of states or counties, municipalities, school districts, etc., therein generally.
An insurer may invest in bonds or other evidences of indebtedness which are general obligations of or are adequately secured as to both principal and interest by irrevocable pledge of specific revenues by this state or any other state of the United States or any county, incorporated city or town, or duly organized school district or other civil division, governmental unit, or public instrumentality of any such state. Obligations payable solely out of special assessments on properties benefited by local improvements shall not be eligible under this section.
(Acts 1977, No. 408, p. 530, §9.)Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
