Alabama Statutes
§ 27-41-21 — Particular Investments - Obligations of Religious Institutions or Societies
Alabama·Title 27 Insurance·Ch. 41 Investments of Domestic Insurers and Health Maintenance Organizations
An insurer may invest in secured and unsecured obligations of religious institutions or societies located within the United States if the institution or society has not defaulted in payment of principal or interest on any of its obligations during the five years preceding the investment.
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Legislative History
(Acts 1977, No. 408, p. 530, §21.)