Alabama Code (Last Updated: November 28, 2014) |
Title27 INSURANCE. |
Chapter41. INVESTMENTS OF LIFE, DISABILITY AND BURIAL INSURANCE COMPANIES. |
§27-41-31. Particular investments - Data processing and accounting systems.
Latest version.
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An insurer may invest in electronic and mechanical machines constituting a data processing and accounting system if the cost of such system is not less than $10,000.00 and cost for such machines is amortized in full over a period not to exceed 10 calendar years.