Code of Alabama
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.

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.

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Structure Code of Alabama

Code of Alabama

Title 27 - Insurance.

Chapter 41 - Investments of Life, Disability and Burial Insurance Companies.

Section 27-41-1 - Applicability of Chapter.

Section 27-41-2 - Definitions.

Section 27-41-3 - Investments Which May Be Counted as Admitted Assets Generally; Investments and Obligations for Investments Deemed Eligible Investments Under Chapter Generally; Filing With Commissioner of Certified Statements as to Investments or Ob...

Section 27-41-4 - General Requirements as to Eligibility of Investments.

Section 27-41-5 - Authorization of Investments by Board of Directors, Etc.

Section 27-41-6 - Limitations Upon Investments Generally.

Section 27-41-7 - Particular Investments - Bonds, Notes, etc., of United States.

Section 27-41-8 - Particular Investments - Loans Guaranteed by United States.

Section 27-41-9 - Particular Investments - Bonds, etc., of States or Counties, Municipalities, School Districts, etc., Therein Generally.

Section 27-41-10 - Particular Investments - Bonds, etc., Issued by States, Counties, Municipalities, etc., to Provide Funds for Public Projects, Etc.

Section 27-41-11 - Particular Investments - Bonds, etc., of Local Public Housing Authorities.

Section 27-41-12 - Particular Investments - Obligations Issued or Guaranteed by Certain Federal Agencies.

Section 27-41-13 - Particular Investments - Bonds, etc., Issued, etc., by Canadian Government, Provinces Thereof, Etc.

Section 27-41-14 - Particular Investments - Obligations Issued, etc., by International Bank for Reconstruction and Development and National Mortgage Association.

Section 27-41-15 - Particular Investments - Obligations of American and Canadian Institutions Generally.

Section 27-41-16 - Particular Investments - Preferred or Guaranteed Stocks or Shares of American Corporations.

Section 27-41-17 - Particular Investments - Common Stocks or Shares and Capital Stocks of American and Canadian Corporations.

Section 27-41-18 - Particular Investments - American Insurance Stocks.

Section 27-41-19 - Particular Investments - Transportation Equipment Trust Obligations; Notes, etc., Secured by Leases, Agreements, etc., Relating to Manufacturing, Mining, etc., Machinery, Etc.

Section 27-41-20 - Particular Investments - Leased Line Obligations of Railroads; Terminal Obligations of Railroads and Other Common Carriers.

Section 27-41-21 - Particular Investments - Obligations of Religious Institutions or Societies.

Section 27-41-22 - Particular Investments - Loans Secured by Liens on Interests in Oil, Gas, or Condensate Properties, Etc.

Section 27-41-23 - Particular Investments - Certificates, etc., Issued by Trustees or Receivers of Institutions Being Administered Under Court Direction.

Section 27-41-24 - Particular Investments - Loans Secured by Pledges of Securities or Pledges or Assignments of Life Insurance Policies.

Section 27-41-25 - Particular Investments - Policy Loans.

Section 27-41-26 - Particular Investments - Shares or Savings Accounts of Savings and Loan Associations.

Section 27-41-27 - Particular Investments - Securities, etc., of Foreign Countries.

Section 27-41-28 - Particular Investments - Bonds, etc., Guaranteed or Insured by United States Under Federal Law or Secured by Mortgages on Ships, Barges, Etc.

Section 27-41-29 - Particular Investments - Bonds, etc., Secured by Mortgages or Deeds of Trust on Real Property, etc., Generally.

Section 27-41-30 - Particular Investments - Loans, Notes, etc., Secured by Mortgages and Leases on Real Property.

Section 27-41-31 - Particular Investments - Data Processing and Accounting Systems.

Section 27-41-32 - Particular Investments - Investments Relating to Agricultural Property Securing Evidences of Indebtedness Held by Insurers and Subject to Mortgage Foreclosure or Insolvency Proceedings.

Section 27-41-33 - Particular Investments - Loans on Personal Property; Chattel Mortgages.

Section 27-41-34 - Particular Investments - Real Estate.

Section 27-41-34.1 - Particular Investments - Oil and Gas Producing Properties and Facilities.

Section 27-41-35 - Miscellaneous Investments.

Section 27-41-36 - Prohibited Investments; Underwriting, etc., of Offerings of Securities or Property.

Section 27-41-37 - Investments of Mutual Aid Associations - Generally.

Section 27-41-38 - Investments of Mutual Aid Associations - Funeral Supply Inventories and Funeral Equipment.

Section 27-41-39 - Investments of Foreign and Alien Insurers; Cash Equivalents.

Section 27-41-40 - Effect of Failure to Dispose of Real Estate, Personal Property, Securities, etc., Within Prescribed Period of Time.

Section 27-41-41 - Only Eligible Investments to Be Counted as Admitted Assets; Treatment of Investments Partially Qualifying as Eligible Investments.