Alabama § 27-41-34.1 - Particular Investments - Oil and Gas Producing Properties and Facilities.
Full text of Alabama Code of Alabama § 27-41-34.1 — Particular Investments - Oil and Gas Producing Properties and Facilities., with citation guidance and answers to common questions.
§ 27-41-34.1. Particular Investments - Oil and Gas Producing Properties and Facilities.
(a) An insurer may invest in properties and facilities, and any interest and rights in such properties and facilities, for the development and production of fossil or synthetic fuel or other minerals, whether or not the extraction would deplete the surface of such properties, including, but not limited to, investments relating to:
(1) The exploration for and development and production of such fuel and minerals, and
(2) Ownership and control of such property, facilities, interest, and rights.
(b) An insurer shall not have at any one time any single investment or combination of investments permitted under subsection (a) of this section aggregating in cost to the insurer in excess of five percent of the amount by which the admitted assets of such insurer exceed $50,000,000.00 (excluding in the computation of assets investments permitted under subsection (a) above).
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-41-34.1
What does Code of Alabama § 27-41-34.1 cover?
Section 27-41-34.1 ("Particular Investments - Oil and Gas Producing Properties and Facilities.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 27-41-34.1?
A common citation format is "Code of Alabama § 27-41-34.1" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 27-41-34.1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.