Ark. Code Ann. § 23-63-837

Property and facilities for fossil or synthetic fuel production

Acts 1959, No. 148, § 131.2, as added by Acts 1983, No. 522, § 6; A.S.A. 1947, § 66-2637.

(1) An insurer may invest in property and facilities, and any interests and rights in properties and facilities, for the development and production of fossil or synthetic fuel or other minerals, including, but not limited to, investments relating to: The exploration for and development and production of those fuels and minerals; and

(2) Ownership and control of the property, facilities, interests, and rights.

(3) Investment in property and facilities, and any interests and rights in the properties and facilities for the development and production of fossil or synthetic fuel or other minerals under this section shall not exceed two percent (2%) of the insurer's assets.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.