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2022 Code of Alabama
Title 27 - Insurance.
Chapter 41 - Investments of Life, Disability and Burial Insurance Companies.
Section 27-41-20 - Particular Investments - Leased Line Obligations of Railroads; Terminal Obligations of Railroads and Other Common Carriers.
Universal Citation: AL Code § 27-41-20 (2022)
Section 27-41-20
Particular investments - Leased line obligations of railroads; terminal obligations of railroads and other common carriers.
An insurer may invest in:
(1) Leased line obligations of railroads where all of the fixed interest-bearing obligations of the lessee meet the standards prescribed in Section 27-41-15.
(2) Terminal obligations of railroads and other common carriers where all of the fixed interest-bearing obligations of the obligor meet the standards prescribed in Section 27-41-15.
(Acts 1977, No. 408, p. 530, §20.)
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