Arkansas Statutes
§ 23-63-904 — Depositary or custodian
Arkansas·Title 23
(a)Deposits made under the Arkansas Insurance Code shall be made through the office of the Insurance Commissioner in safe deposit or under custodial arrangements as required or approved by the commissioner consistent with the purposes of the deposit with an established safe deposit institution, bank, or trust company, or under other safekeeping arrangements, located in this state, and selected by the insurer with the commissioner's approval.
(b)Except in the presence of the commissioner or his or her authorized representative, the insurer shall not have access to any securities or assets representing its deposits so held in safe deposit.
(c)The form and terms of all depositary or custodial agreements shall be as prescribed or approved by the commissioner consistent with the applicable p
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 23-63-904 (Depositary or custodian) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1959, No. 148, § 135; 1979, No. 596, § 1; A.S.A. 1947, § 66-2704; Acts 1997, No. 296, § 4.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
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
Citizens band radio equipment