The authority to invest in subsidiaries under subsection (b) of Section 27-29-2 is in addition to any authority to invest in subsidiaries which may be contained in any other provision of the Insurance Code.

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§27-2-17, 27-29-8.

History: Revised: July 5, 1994; effective July 15, 1994. Filed for codification in the Alabama Administrative Code by the Department of Insurance on June 10, 2003, pursuant to the Code of Ala. 1975, §27-7-43.