The Insurance Commissioner shall commence any such proceedings by application to the court for an order directing the insurer to show cause why the commissioner should not have the relief prayed for. On the return of such order to show cause, and after a full hearing, the court shall either deny the application or grant the application, together with such other relief as the nature of the case and the interests of the policyholders, creditors, stockholders, members, subscribers, or the public may require.
Ark. Code Ann. § 23-68-104
Commencement of delinquency proceedings
Known as the Uniform Insurers Liquidation Act
The act spans §§ 23–23 (35 sections).
Applied in 2 court decisions — leading case Fewell v. Pickens (2001)
Most recently applied in Fewell v. Pickens (October 2001)
Acts 1959, No. 148, § 640; A.S.A. 1947, § 66-4803.
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.