Ala. Code § 27-41-31
Current through the 2024 Regular Session.
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.
Ala. Code § 27-41-31 (1975)