Alabama Statutes
§ 27-41-31 — Particular Investments - Data Processing and Accounting Systems
Alabama § 27-41-31
JurisdictionAlabama
Title 27Insurance
Ch. 41Investments of Domestic Insurers and Health Maintenance Organizations
This text of Alabama § 27-41-31 (Particular Investments - Data Processing and Accounting Systems) 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 § 27-41-31 (2026).
Text
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.
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Legislative History
(Acts 1977, No. 408, p. 530, §32.)
Nearby Sections
15
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Bluebook (online)
Alabama § 27-41-31, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/27-41-31.