Alabama Code 27-41-21. Particular investments – Obligations of religious institutions or societies
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Terms Used In Alabama Code 27-41-21
- preceding: means next before. See Alabama Code 1-1-1
- United States: includes the territories thereof and the District of Columbia. See Alabama Code 1-1-1
An insurer may invest in secured and unsecured obligations of religious institutions or societies located within the United States if the institution or society has not defaulted in payment of principal or interest on any of its obligations during the five years preceding the investment.