Alabama Statutes
§ 27-41-7 — Particular Investments - Bonds, Notes, Etc., of United States
Alabama·Title 27 Insurance·Ch. 41 Investments of Domestic Insurers and Health Maintenance Organizations
An insurer may invest in bonds, notes, warrants, debentures, and other evidences of indebtedness which are direct obligations of the United States of America for which the full faith and credit of the United States of America is pledged for the payment of principal and interest.
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Legislative History
(Acts 1977, No. 408, p. 530, §7.)