An insurer may invest in shares or savings accounts of savings and loan associations insured by the Federal Savings and Loan Insurance Corporation. (Acts 1977, No. 408, p. 530, §26.)
Particular Investments - Shares or Savings Accounts of Savings and Loan Associations
Ala. Code § 27-41-26, under Investments of Domestic Insurers and Health Maintenance Organizations.
Ala. Code § 27-41-26