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2022 Code of Alabama
Title 27 - Insurance.
Chapter 41 - Investments of Life, Disability and Burial Insurance Companies.
Section 27-41-31 - Particular Investments - Data Processing and Accounting Systems.
Universal Citation: AL Code § 27-41-31 (2022)
Section 27-41-31
Particular investments - Data processing and accounting systems.
An insurer may invest in electronic and mechanical machines constituting a data processing and accounting system if the cost of such system is not less than $10,000.00 and cost for such machines is amortized in full over a period not to exceed 10 calendar years.
(Acts 1977, No. 408, p. 530, §32.)
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