Except as expressly prohibited in Section 27-41-36, an insurer may make any investment without limit as to kind, time, or amount, but only eligible investments shall be included or counted as admitted assets of the insurer in the determination of its financial condition.
If part of an investment qualifies as an eligible investment under any provision of this act and part does not, then only the part of the investment so qualifying shall be counted as an admitted asset.
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.