Arkansas § 23-63-822 Collateral loans

Arkansas Statutes

§ 23-63-822 — Collateral loans

Arkansas § 23-63-822

Title23

This text of Arkansas § 23-63-822 (Collateral loans) 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. § 23-63-822 (2026).

Text

(a)An insurer may lend and invest its funds upon the pledge of securities eligible for investment under this subchapter.

(b)As at date made, no loan shall exceed in amount ninety percent (90%) of the market value of such collateral pledged.

(c)The amount so loaned shall be included pro rata in determining the maximum percentage of funds permitted under this subchapter to be invested in the respective categories of securities so pledged.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) An insurer may lend and invest its funds upon the pledge of securities eligible for investment under this subchapter. (b) As at date made, no loan shall exceed in amount ninety percent (90%) of the market value of such collateral pledged. (c) The amount so loaned shall be included pro rata in determining the maximum percentage of funds permitted under this subchapter to be invested in the respective categories of securities so pledged.