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.
Ala. Code § 27-41-22
Particular Investments - Loans Secured by Liens on Interests in Oil, Gas, or Condensate Properties, Etc.
(Acts 1977, No. 408, p. 530, §22.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.