Arkansas Statutes
§ 23-63-902 — Purpose
Arkansas·Title 23
Deposits shall be held for purposes as follows:
(1)Deposits made in this state under § 23-63-206 shall be held for the purposes stated in that section;
(2)A deposit made in this state by a domestic insurer transacting insurance in another state, province, or country and as required by the laws of that state, province, or country shall be held for the protection of the insurer's policyholders, or policyholders and creditors;
(3)Deposits of reserves made by domestic life insurers under § 23-81-130 shall be held for the common benefit of all the holders of its life insurance policies and annuity contracts; and (4) Deposits required pursuant to the retaliatory provisions, §§ 23-63-102 - 23-63-104 , shall be held for such purposes as required by such laws and as specified in the Insurance Co
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Legislative History
Acts 1959, No. 148, § 133; A.S.A. 1947, § 66-2702.
Nearby Sections
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§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
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Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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