Code of Alabama - Title 27: Insurance - Section 27-41-22 - Particular investments - Loans secured by liens on interests in oil, gas, or condensate properties, etc
Section 27-41-22 - Particular investments - Loans secured by liens on interests in oil, gas, or condensate properties, etc.
An insurer may invest in adequately secured loans secured by first liens on interests in oil, gas, or condensate properties or leaseholds in the United States and Canada on which there are fully completed commercially producing wells.