Alabama § 27-41-18 Particular Investments - American Insurance Stocks

Alabama Statutes

§ 27-41-18 — Particular Investments - American Insurance Stocks

Alabama § 27-41-18

Title 27Insurance

Ch. 41Investments of Domestic Insurers and Health Maintenance Organizations

This text of Alabama § 27-41-18 (Particular Investments - American Insurance Stocks) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 27-41-18 (2026).

Text

An insurer may invest in the stocks of other solvent insurers formed under the laws of the United States or any state thereof, provided that the total amount of the insurer’s investments in excess of the net asset value of the stock acquired shall not at any time exceed the greater of 10 percent of assets of the insurer or the insurer’s capital and surplus less the minimum capital and surplus required of said insurer to transact insurance by Sections 27-3-7 and 27-3-8 of the Alabama Insurance Code.

Free access — add to your briefcase to read the full text and ask questions with AI

An insurer may invest in the stocks of other solvent insurers formed under the laws of the United States or any state thereof, provided that the total amount of the insurer’s investments in excess of the net asset value of the stock acquired shall not at any time exceed the greater of 10 percent of assets of the insurer or the insurer’s capital and surplus less the minimum capital and surplus required of said insurer to transact insurance by Sections 27-3-7 and 27-3-8 of the Alabama Insurance Code.