Section 27-41-31 Particular investments - Data processing and accounting systems. - Alabama Statutes

Section 27-41-31

Particular investments - Data processing and accounting systems.

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.

(Acts 1977, No. 408, p. 530, §32.)