The Insurance Commissioner may apply to the court for an order appointing him or her as ancillary receiver of and directing him or her to liquidate the business of a foreign insurer having assets, business, or claims in this state upon the appointment in the domiciliary state of the insurer of a receiver, liquidator, conservator, rehabilitator, or other officer by whatever name called for the purpose of liquidating the business of the insurer.
Ark. Code Ann. § 23-68-109
Grounds for ancillary liquidation — Foreign insurers
Known as the Uniform Insurers Liquidation Act
The act spans §§ 23–23 (35 sections).
Acts 1959, No. 148, § 646; A.S.A. 1947, § 66-4809.
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.