Arkansas § 23-63-804 Authorization of investment

Arkansas Statutes

§ 23-63-804 — Authorization of investment

Arkansas § 23-63-804

Title23

This text of Arkansas § 23-63-804 (Authorization of investment) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-63-804 (2026).

Text

(a)An insurer shall not make any investment or loan, other than policy loans or annuity contract loans of a life insurer, unless the insurer is authorized or approved by the insurer's board of directors or by a committee authorized by the board and charged with the supervision or making of the investment or loan.

(b)The minutes of the committee shall be recorded, and regular reports of the committee shall be submitted to the board of directors.

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(a) An insurer shall not make any investment or loan, other than policy loans or annuity contract loans of a life insurer, unless the insurer is authorized or approved by the insurer's board of directors or by a committee authorized by the board and charged with the supervision or making of the investment or loan. (b) The minutes of the committee shall be recorded, and regular reports of the committee shall be submitted to the board of directors.