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2022 Code of Alabama
Title 27 - Insurance.
Chapter 41 - Investments of Life, Disability and Burial Insurance Companies.
Section 27-41-21 - Particular Investments - Obligations of Religious Institutions or Societies.
Universal Citation: AL Code § 27-41-21 (2022)
Section 27-41-21
Particular investments - Obligations of religious institutions or societies.
An insurer may invest in secured and unsecured obligations of religious institutions or societies located within the United States if the institution or society has not defaulted in payment of principal or interest on any of its obligations during the five years preceding the investment.
(Acts 1977, No. 408, p. 530, §21.)
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