There is a newer version
of
this Section
2022 Code of Alabama
Title 27 - Insurance.
Chapter 41 - Investments of Life, Disability and Burial Insurance Companies.
Section 27-41-23 - Particular Investments - Certificates, etc., Issued by Trustees or Receivers of Institutions Being Administered Under Court Direction.
Universal Citation: AL Code § 27-41-23 (2022)
Section 27-41-23
Particular investments - Certificates, etc., issued by trustees or receivers of institutions being administered under court direction.
An insurer may invest in certificates, notes, or other obligations issued by trustees or receivers of any institution created or existing under the laws of the United States or of any state thereof which, or the assets of which, are being administered under the direction of any court having jurisdiction if any such obligation is adequately secured as to principal and interest.
(Acts 1977, No. 408, p. 530, §23.)
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
