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2022 Code of Alabama
Title 27 - Insurance.
Chapter 41 - Investments of Life, Disability and Burial Insurance Companies.
Section 27-41-22 - Particular Investments - Loans Secured by Liens on Interests in Oil, Gas, or Condensate Properties, Etc.
Universal Citation: AL Code § 27-41-22 (2022)
Section 27-41-22
Particular investments - Loans secured by liens on interests in oil, gas, or condensate properties, etc.
An insurer may invest in adequately secured loans secured by first liens on interests in oil, gas, or condensate properties or leaseholds in the United States and Canada on which there are fully completed commercially producing wells.
(Acts 1977, No. 408, p. 530, §22.)
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