Alabama Code 27-41-12. Particular investments – Obligations issued or guaranteed by certain federal agencies

An insurer may invest in obligations issued or guaranteed by the following agencies of the United States of America:

(1) Commodity Credit Corporation;

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
following: means next after. See Alabama Code 1-1-1
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
United States: includes the territories thereof and the District of Columbia. See Alabama Code 1-1-1

(2) Federal intermediate credit banks;

(3) Federal land banks;

(4) Central bank for cooperatives;

(5) Federal home loan banks;

(6) Federal National Mortgage Association;

(7) Federal Home Loan Mortgage Corporation;

(8) Tennessee Valley Authority; and

(9) Any other similar agency of the government of the United States of America having similar financial quality.