For the purposes of automobile liability insurance, covering liability arising out of the ownership, maintenance, or use of any motor vehicle registered or principally garaged in this state, unless the context otherwise requires, “uninsured motor vehicle” shall be deemed to include, subject to the terms and conditions of the coverage, an insured motor vehicle when the liability insurer thereof is unable to make payment with respect to the legal liability of its insured with the limits specified therein because of insolvency.
Ark. Code Ann. § 23-89-401
Definition
Applied in 3 court decisions — leading case Payne v. Farm Bureau Mutual Insurance (1989)
Most recently applied in Automobile Club Inter-Insurance Exchange v. State Farm Mutual Automobile Insurance Co. (April 1990)
Acts 1965, No. 464, § 2; A.S.A. 1947, § 66-4004.
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.