Public-domain · open source
OpenJurist

Ark. Code Ann. § 23-63-907

Rights of insurer during solvency

Acts 1959, No. 148, § 138; A.S.A. 1947, § 66-2707.

So long as the insurer remains solvent and is in compliance with the Arkansas Insurance Code, it may:

(1) Demand, receive, sue for, and recover the income from the securities or assets deposited;

(2) Exchange and substitute for the deposited securities or assets, or any part thereof, other eligible securities and assets of equivalent or greater value; and

(3) At any reasonable time inspect the deposit.

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.