Code of Alabama
Title 27 - Insurance.
Chapter 41 - Investments of Life, Disability and Burial Insurance Companies.

Section 27-41-1 - Applicability of Chapter. - Except as provided in Section 27-41-39, this chapter shall apply...

Section 27-41-2 - Definitions. - As used in this chapter, the following terms shall have...

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... - (a) Only eligible investments may be counted as admitted assets....

Section 27-41-4 - General Requirements as to Eligibility of Investments. - No investment (other than in common stocks allowed under Section...

Section 27-41-5 - Authorization of Investments by Board of Directors, Etc. - An insurer shall not make any investment or loan exceeding...

Section 27-41-6 - Limitations Upon Investments Generally. - (a) An insurer shall not have at any one time...

Section 27-41-7 - Particular Investments - Bonds, Notes, etc., of United States. - An insurer may invest in bonds, notes, warrants, debentures, and...

Section 27-41-8 - Particular Investments - Loans Guaranteed by United States. - An insurer may invest in loans guaranteed as to principal...

Section 27-41-9 - Particular Investments - Bonds, etc., of States or Counties, Municipalities, School Districts, etc., Therein Generally. - An insurer may invest in bonds or other evidences of...

Section 27-41-10 - Particular Investments - Bonds, etc., Issued by States, Counties, Municipalities, etc., to Provide Funds for Public Projects, Etc. - An insurer may invest in bonds and other evidences of...

Section 27-41-11 - Particular Investments - Bonds, etc., of Local Public Housing Authorities. - An insurer may invest in bonds, debentures, or other evidences...

Section 27-41-12 - Particular Investments - Obligations Issued or Guaranteed by Certain Federal Agencies. - An insurer may invest in obligations issued or guaranteed by...

Section 27-41-13 - Particular Investments - Bonds, etc., Issued, etc., by Canadian Government, Provinces Thereof, Etc. - An insurer may invest in bonds or other evidences of...

Section 27-41-14 - Particular Investments - Obligations Issued, etc., by International Bank for Reconstruction and Development and National Mortgage Association. - (a) An insurer may invest in obligations issued, assumed, or...

Section 27-41-15 - Particular Investments - Obligations of American and Canadian Institutions Generally. - An insurer may invest in secured and unsecured obligations bearing...

Section 27-41-16 - Particular Investments - Preferred or Guaranteed Stocks or Shares of American Corporations. - An insurer may invest in the preferred or guaranteed stocks...

Section 27-41-17 - Particular Investments - Common Stocks or Shares and Capital Stocks of American and Canadian Corporations. - (a) An insurer may invest in common stocks or shares...

Section 27-41-18 - Particular Investments - American Insurance Stocks. - An insurer may invest in the stocks of other solvent...

Section 27-41-19 - Particular Investments - Transportation Equipment Trust Obligations; Notes, etc., Secured by Leases, Agreements, etc., Relating to Manufacturing, Mining, etc., Machinery, Etc. - (a) An insurer may invest in equipment trust obligations or...

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...

Section 27-41-21 - Particular Investments - Obligations of Religious Institutions or Societies. - An insurer may invest in secured and unsecured obligations of...

Section 27-41-22 - Particular Investments - Loans Secured by Liens on Interests in Oil, Gas, or Condensate Properties, Etc. - An insurer may invest in adequately secured loans secured by...

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...

Section 27-41-24 - Particular Investments - Loans Secured by Pledges of Securities or Pledges or Assignments of Life Insurance Policies. - An insurer may invest in loans with a maturity not...

Section 27-41-25 - Particular Investments - Policy Loans. - A life insurer may lend to its policyholder upon the...

Section 27-41-26 - Particular Investments - Shares or Savings Accounts of Savings and Loan Associations. - An insurer may invest in shares or savings accounts of...

Section 27-41-27 - Particular Investments - Securities, etc., of Foreign Countries. - (a) An insurer may invest in securities or other investments...

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. - An insurer may invest in bonds, debentures, notes, or other...

Section 27-41-29 - Particular Investments - Bonds, etc., Secured by Mortgages or Deeds of Trust on Real Property, etc., Generally. - An insurer may invest in: (1) Bonds, notes, or other...

Section 27-41-30 - Particular Investments - Loans, Notes, etc., Secured by Mortgages and Leases on Real Property. - An insurer may invest in loans, notes, bonds, or other...

Section 27-41-31 - Particular Investments - Data Processing and Accounting Systems. - An insurer may invest in electronic and mechanical machines constituting...

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. - (a) If real property securing any evidence of indebtedness held...

Section 27-41-33 - Particular Investments - Loans on Personal Property; Chattel Mortgages. - In connection with mortgage loans made under subdivisions (2) and...

Section 27-41-34 - Particular Investments - Real Estate. - (a)(1) An insurer may acquire, invest in, own, maintain, alter,...

Section 27-41-34.1 - Particular Investments - Oil and Gas Producing Properties and Facilities. - (a) An insurer may invest in properties and facilities, and...

Section 27-41-35 - Miscellaneous Investments. - (a) An insurer may make investments not otherwise expressly permitted...

Section 27-41-36 - Prohibited Investments; Underwriting, etc., of Offerings of Securities or Property. - (a) After January 1, 1978, an insurer shall not invest...

Section 27-41-37 - Investments of Mutual Aid Associations - Generally. - (a) The funds of a mutual aid association shall be...

Section 27-41-38 - Investments of Mutual Aid Associations - Funeral Supply Inventories and Funeral Equipment. - In addition to other investments permitted under this chapter, mutual...

Section 27-41-39 - Investments of Foreign and Alien Insurers; Cash Equivalents. - (a) The investments of a foreign or alien insurer shall...

Section 27-41-40 - Effect of Failure to Dispose of Real Estate, Personal Property, Securities, etc., Within Prescribed Period of Time. - Any real estate, personal property, securities, or other investment lawfully...

Section 27-41-41 - Only Eligible Investments to Be Counted as Admitted Assets; Treatment of Investments Partially Qualifying as Eligible Investments. - Except as expressly prohibited in Section 27-41-36, an insurer may...