Alabama Code 27-41-14. Particular investments – Obligations issued, etc., by International Bank for Reconstruction and Development and National Mortgage Association

Current as of: 2024 | Check for updates | Other versions

(a) An insurer may invest in obligations issued, assumed, or guaranteed by the International Bank for Reconstruction and Development.

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Mortgage: The written agreement pledging property to a creditor as collateral for a loan.

(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.