An insurer may invest in: (1) Leased line obligations of railroads where all of the fixed interest-bearing obligations of the lessee meet the standards prescribed in Section 27-41-15. (2) Terminal obligations of railroads and other common carriers where all of the fixed interest-bearing obligations of the obligor meet the standards prescribed in Section 27-41-15. (Acts 1977, No. 408, p. 530, §20.)
Particular Investments - Leased Line Obligations of Railroads; Terminal Obligations of Railroads and Other Common Carriers
Ala. Code § 27-41-20, under Investments of Domestic Insurers and Health Maintenance Organizations.
Ala. Code § 27-41-20