In the event of payment to any person under the coverage required by this subchapter and subject to the terms and conditions of the coverage, the insurer making the payment shall, to the extent thereof, be entitled to the proceeds of any settlement or judgment resulting from the exercise of any rights of recovery of the person against any person or organization legally responsible for the bodily injury for which the payment is made, including the proceeds recoverable from the assets of the insolvent insurer.
Ark. Code Ann. § 23-89-405
Subrogation of insurer making payment
Applied in 1 court decision — leading case Kral v. American Hardware Mutual Insurance Co. (1989)
Most recently applied in Kral v. American Hardware Mutual Insurance Co. (December 1989)
Acts 1965, No. 464, § 4; A.S.A. 1947, § 66-4006.
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.