Alabama Statutes
§ 27-41-31 — Particular Investments - Data Processing and Accounting Systems
Alabama·Title 27 Insurance·Ch. 41 Investments of Domestic Insurers and Health Maintenance Organizations
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.
Free access — add to your briefcase to read the full text and ask questions with AI
Alabama § 27-41-31 (Particular Investments - Data Processing and Accounting Systems) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Acts 1977, No. 408, p. 530, §32.)