Alabama Code 27-41-22. Particular investments – Loans secured by liens on interests in oil, gas, or condensate properties, etc
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Terms Used In Alabama Code 27-41-22
- United States: includes the territories thereof and the District of Columbia. See Alabama Code 1-1-1
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.