Particular Investments - Data Processing and Accounting Systems

Ala. Code § 27-41-31 — under Title 27.

Ala. Code § 27-41-31

An insurer may invest in electronic and mechanical machines constituting a data processing and accounting system if the cost of such system is not less than

$10,000.00 and cost for such machines is amortized in full over a period not to exceed 10 calendar years.

History: (Acts 1977, No. 408, p. 530, §32.)