Alabama § 27-41-38 Investments of Mutual Aid Associations - Funeral Supply Inventories and Funeral Equipment

Alabama Statutes

§ 27-41-38 — Investments of Mutual Aid Associations - Funeral Supply Inventories and Funeral Equipment

Alabama § 27-41-38

Title 27Insurance

Ch. 41Investments of Domestic Insurers and Health Maintenance Organizations

This text of Alabama § 27-41-38 (Investments of Mutual Aid Associations - Funeral Supply Inventories and Funeral Equipment) 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 § 27-41-38 (2026).

Text

In addition to other investments permitted under this chapter, mutual aid associations may invest in funeral supply inventories, consisting of caskets, suits, robes, dresses, and embalming supplies, and funeral equipment, consisting of automobiles, hearses, ambulances, funeral cars, and other motor vehicle equipment, to the extent reasonably necessary to the full performance by the association of its outstanding contracts and policies. Such funeral supply inventories shall not exceed 25 percent of the association’s assets.

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In addition to other investments permitted under this chapter, mutual aid associations may invest in funeral supply inventories, consisting of caskets, suits, robes, dresses, and embalming supplies, and funeral equipment, consisting of automobiles, hearses, ambulances, funeral cars, and other motor vehicle equipment, to the extent reasonably necessary to the full performance by the association of its outstanding contracts and policies. Such funeral supply inventories shall not exceed 25 percent of the association’s assets.