Code of Alabama - Title 27: Insurance - Section 27-41-14 - Particular investments - Obligations issued, etc., by International Bank for Reconstruction and Development and National Mortgage Association
Section 27-41-14 - Particular investments - Obligations issued, etc., by International Bank for Reconstruction and Development and National Mortgage Association.
(a) An insurer may invest in obligations issued, assumed, or guaranteed by the International Bank for Reconstruction and Development.
(b) An insurer may invest in the obligations of the Federal National Mortgage Association.
(c) An insurer may invest in obligations issued, assumed, or guaranteed by the African Development Bank.
(Acts 1977, No. 408, p. 530, §14; Acts 1987, No. 87-594, p. 1033, §1.)