Alabama Code (Last Updated: November 28, 2014) |
Title27 INSURANCE. |
Chapter41. INVESTMENTS OF LIFE, DISABILITY AND BURIAL INSURANCE COMPANIES. |
§27-41-20. Particular investments - Leased line obligations of railroads; terminal obligations of railroads and other common carriers.
Latest version.
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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.