§ 27-41-1 Applicability of chapter
§ 27-41-2 Definitions
§ 27-41-3 Investments which may be counted as admitted assets generally; investments and obligations for investments deemed eligible investments under chapter generally; filing with commissioner of certified statements as to investments or obligations for investm
§ 27-41-4 General requirements as to eligibility of investments
§ 27-41-5 Authorization of investments by board of directors, etc
§ 27-41-6 Limitations upon investments generally
§ 27-41-7 Particular investments – Bonds, notes, etc., of United States
§ 27-41-8 Particular investments – Loans guaranteed by United States
§ 27-41-9 Particular investments – Bonds, etc., of states or counties, municipalities, school districts, etc., therein generally
§ 27-41-10 Particular investments – Bonds, etc., issued by states, counties, municipalities, etc., to provide funds for public projects, etc
§ 27-41-11 Particular investments – Bonds, etc., of local public housing authorities
§ 27-41-12 Particular investments – Obligations issued or guaranteed by certain federal agencies
§ 27-41-13 Particular investments – Bonds, etc., issued, etc., by Canadian government, provinces thereof, etc
§ 27-41-14 Particular investments – Obligations issued, etc., by International Bank for Reconstruction and Development and National Mortgage Association
§ 27-41-15 Particular investments – Obligations of American and Canadian institutions generally
§ 27-41-16 Particular investments – Preferred or guaranteed stocks or shares of American corporations
§ 27-41-17 Particular investments – Common stocks or shares and capital stocks of American and Canadian corporations
§ 27-41-18 Particular investments – American insurance stocks
§ 27-41-19 Particular investments – Transportation equipment trust obligations; notes, etc., secured by leases, agreements, etc., relating to manufacturing, mining, etc., machinery, etc
§ 27-41-20 Particular investments – Leased line obligations of railroads; terminal obligations of railroads and other common carriers
§ 27-41-21 Particular investments – Obligations of religious institutions or societies
§ 27-41-22 Particular investments – Loans secured by liens on interests in oil, gas, or condensate properties, etc
§ 27-41-23 Particular investments – Certificates, etc., issued by trustees or receivers of institutions being administered under court direction
§ 27-41-24 Particular investments – Loans secured by pledges of securities or pledges or assignments of life insurance policies
§ 27-41-25 Particular investments – Policy loans
§ 27-41-26 Particular investments – Shares or savings accounts of savings and loan associations
§ 27-41-27 Particular investments – Securities, etc., of foreign countries
§ 27-41-28 Particular investments – Bonds, etc., guaranteed or insured by United States under federal law or secured by mortgages on ships, barges, etc
§ 27-41-29 Particular investments – Bonds, etc., secured by mortgages or deeds of trust on real property, etc., generally
§ 27-41-30 Particular investments – Loans, notes, etc., secured by mortgages and leases on real property
§ 27-41-31 Particular investments – Data processing and accounting systems
§ 27-41-32 Particular investments – Investments relating to agricultural property securing evidences of indebtedness held by insurers and subject to mortgage foreclosure or insolvency proceedings
§ 27-41-33 Particular investments – Loans on personal property; chattel mortgages
§ 27-41-34 Particular investments – Real estate
§ 27-41-34.1 Particular investments – Oil and gas producing properties and facilities
§ 27-41-35 Miscellaneous investments
§ 27-41-36 Prohibited investments; underwriting, etc., of offerings of securities or property
§ 27-41-37 Investments of mutual aid associations – Generally
§ 27-41-38 Investments of mutual aid associations – Funeral supply inventories and funeral equipment
§ 27-41-39 Investments of foreign and alien insurers; cash equivalents
§ 27-41-40 Effect of failure to dispose of real estate, personal property, securities, etc., within prescribed period of time
§ 27-41-41 Only eligible investments to be counted as admitted assets; treatment of investments partially qualifying as eligible investments

Terms Used In Alabama Code > Title 27 > Chapter 41

  • Acquittal:
    1. Judgement that a criminal defendant has not been proved guilty beyond a reasonable doubt.
    2. A verdict of "not guilty."
  • ADMITTED ASSET: Any asset of an insurer permitted by the Commissioner of Insurance to be taken into account in any determination of the financial condition of the insurer. See Alabama Code 15-10-46
  • ALABAMA INSURANCE CODE: Title 27 of this code. See Alabama Code 15-10-46
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • APPOINTED COUNSEL: Any attorney licensed to practice law in the State of Alabama who is appointed by the court to represent an indigent defendant. See Alabama Code 15-12-1
  • Arraignment: A proceeding in which an individual who is accused of committing a crime is brought into court, told of the charges, and asked to plead guilty or not guilty.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
  • Capital offense: A crime punishable by death.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Continuance: Putting off of a hearing ot trial until a later time.
  • CONTRACT COUNSEL: Any attorney licensed to practice law in the State of Alabama, or a firm, association, corporation, or partnership of lawyers so licensed, executing a contract for the provision of indigent defense services. See Alabama Code 15-12-1
  • Conviction: A judgement of guilt against a criminal defendant.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Devise: To gift property by will.
  • director: The Director of the Office of Indigent Defense Services. See Alabama Code 15-12-1
  • Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
  • ELIGIBLE INVESTMENT: Any investment permitted by Sections 27-41-7 to 27-41-35, inclusive, provided the investment meets all the other requirements of this chapter. See Alabama Code 15-10-46
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Felony: A crime carrying a penalty of more than a year in prison.
  • Fixed Rate: Having a "fixed" rate means that the APR doesn't change based on fluctuations of some external rate (such as the "Prime Rate"). In other words, a fixed rate is a rate that is not a variable rate. A fixed APR can change over time, in several circumstances:
    • You are late making a payment or commit some other default, triggering an increase to a penalty rate
    • The bank changes the terms of your account and you do not reject the change.
    • The rate expires (if the rate was fixed for only a certain period of time).
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grand jury: agreement providing that a lender will delay exercising its rights (in the case of a mortgage,
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Habeas corpus: A writ that is usually used to bring a prisoner before the court to determine the legality of his imprisonment. It may also be used to bring a person in custody before the court to give testimony, or to be prosecuted.
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • INDIGENT DEFENDANT: Any person involved in a criminal or juvenile proceeding in the trial or appellate courts of the state for which proceeding representation by counsel is constitutionally required or is authorized or required by statute or court rule, including parents of children during the termination of parental rights hearings, who under oath or affirmation states that he or she is unable to pay for his or her representation, and who is found by the court to be financially unable to pay for his or her representation based on a written findings as further provided below that the person is indigent based on one of the following criteria:

    a. See Alabama Code 15-12-1

  • INDIGENT DEFENSE SERVICES: Those legal services that are necessary for representation of an indigent defendant. See Alabama Code 15-12-1
  • INDIGENT DEFENSE SYSTEM: Any method or mixture of methods for providing legal representation to an indigent defendant, including use of appointed counsel, use of contract counsel, or use of public defenders. See Alabama Code 15-12-1
  • insurer: The term shall have the meaning ascribed in Section 27-1-2 and shall include health maintenance organizations. See Alabama Code 15-10-46
  • investment: Any asset owned by an insurer. See Alabama Code 15-10-46
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • NONOVERHEAD EXPENSES: The reasonable expenses incurred during and directly related to an appointed counsel's legal representation of an indigent defendant including, but not limited to, mileage, postage, and reasonable costs of photocopying. See Alabama Code 15-12-1
  • oath: includes affirmation. See Alabama Code 30-3D-608
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • office: The Office of Indigent Defense Services. See Alabama Code 15-12-1
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: The term shall have the meaning ascribed in Section 27-1-2. See Alabama Code 15-10-46
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • PUBLIC DEFENDER: Any attorney licensed to practice law in the State of Alabama, other than contract counsel or appointed counsel, who receives a salary for representing an indigent defendant. See Alabama Code 15-12-1
  • Quorum: The number of legislators that must be present to do business.
  • Statute: A law passed by a legislature.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • TRIAL COURT: Any juvenile, district, or circuit court of the State of Alabama, not including municipal or probate courts of the State of Alabama. See Alabama Code 15-12-1
  • Trustee: A person or institution holding and administering property in trust.
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.
  • Writ of certiorari: An order issued by the Supreme Court directing the lower court to transmit records for a case for which it will hear on appeal.