Particular Investments - Obligations Issued, Etc., by International Bank for Reconstruction and Development and National Mortgage Association.
(Acts 1977, No. 408, p. 530, §14; Acts 1987, No. 87-594, p. 1033, §1.)
(a) An insurer may invest in obligations issued, assumed, or guaranteed by the International Bank for Reconstruction and Development.
(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.
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.