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.
Structure Code of Alabama
Chapter 41 - Investments of Life, Disability and Burial Insurance Companies.
Section 27-41-1 - Applicability of Chapter.
Section 27-41-2 - Definitions.
Section 27-41-4 - 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 27-41-11 - Particular Investments - Bonds, etc., of Local Public Housing Authorities.
Section 27-41-18 - Particular Investments - American Insurance Stocks.
Section 27-41-21 - Particular Investments - Obligations of Religious Institutions or Societies.
Section 27-41-25 - Particular Investments - Policy Loans.
Section 27-41-27 - Particular Investments - Securities, etc., of Foreign Countries.
Section 27-41-31 - Particular Investments - Data Processing and Accounting Systems.
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 27-41-37 - Investments of Mutual Aid Associations - Generally.
Section 27-41-39 - Investments of Foreign and Alien Insurers; Cash Equivalents.