Alabama Code (Last Updated: November 28, 2014) |
Title27 INSURANCE. |
Chapter41. INVESTMENTS OF LIFE, DISABILITY AND BURIAL INSURANCE COMPANIES. |
§27-41-14. Particular investments - Obligations issued, etc., by International Bank for Reconstruction and Development and National Mortgage Association.
Latest version.
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(a) An insurer may invest in obligations issued, assumed, or guaranteed by the International Bank for Reconstruction and Development.
(b) An insurer may invest in the obligations of the Federal National Mortgage Association.
(c) An insurer may invest in obligations issued, assumed, or guaranteed by the African Development Bank.