An insurer is insolvent when its reserves, its matured death claims, and its other due and unpaid obligations exceed its assets and death assessments or periodic payments called, to be called, or in process of collection.
Ark. Code Ann. § 23-72-121
Insolvency
Acts 1959, No. 148, § 576; 1967, No. 393, § 4; A.S.A. 1947, § 66-4521.
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.