Arkansas Statutes
§ 23-63-802 — Eligible investments
Arkansas·Title 23
(a)Insurers shall invest in, or lend their funds on the security of, and shall hold as invested assets only eligible investments as prescribed in this subchapter.
(b)Any particular investment held by an insurer on January 1, 1960, and which was a legal investment at the time it was made, or which the insurer was legally entitled to possess immediately prior to January 1, 1960, shall be deemed to be an eligible investment.
(c)Eligibility of an investment shall be determined as of the date of its making or acquisition, except as stated in subsection (b) of this section.
(d)Any investment limitation based upon the amount of the insurer's assets or particular funds shall relate to such assets or funds as shown by the insurer's annual statement as of the December 31 next preceding the date
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Related
§ 106
1 U.S.C. § 106
Legislative History
Amended by Act 2019, No. 315,§ 2637, eff. 7/24/2019. Acts 1959, No. 148, § 98; A.S.A. 1947, § 66-2602; Acts 1991, No. 1123, § 1; 1993, No. 527, § 5.
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