Section 27-41-12

Link to law: http://alisondb.legislature.state.al.us/alison/codeofalabama/1975/27-41-12.htm
Published: 2015

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Section 27-41-12

Section 27-41-12Particular 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;



(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.

(Acts 1977, No. 408, p. 530, §12.)