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2022 Code of Alabama
Title 27 - Insurance.
Chapter 41 - Investments of Life, Disability and Burial Insurance Companies.
Section 27-41-14 - Particular Investments - Obligations Issued, etc., by International Bank for Reconstruction and Development and National Mortgage Association.
Universal Citation: AL Code § 27-41-14 (2022)
Section 27-41-14
Particular investments - Obligations issued, etc., by International Bank for Reconstruction and Development and National Mortgage Association.
(a) An insurer may invest in obligations issued, assumed, or guaranteed by the International Bank for Reconstruction and Development.
(b) An insurer may invest in the obligations of the Federal National Mortgage Association.
(c) An insurer may invest in obligations issued, assumed, or guaranteed by the African Development Bank.
(Acts 1977, No. 408, p. 530, §14; Acts 1987, No. 87-594, p. 1033, §1.)
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