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