Arkansas § 23-63-906 Assignment or conveyance of securities or assets - Appraisal

Arkansas Statutes

§ 23-63-906 — Assignment or conveyance of securities or assets - Appraisal

Arkansas § 23-63-906

Title23

This text of Arkansas § 23-63-906 (Assignment or conveyance of securities or assets - Appraisal) 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. § 23-63-906 (2026).

Text

(a)(1) All securities not negotiable by delivery and deposited by an insurer, other than under § 23-81-130 , shall be assigned to the Insurance Commissioner and his or her successors in office.

(2)All other assets so deposited shall be transferred or conveyed to the commissioner.

(3)Upon release of any security or asset to the insurer, the commissioner shall reassign, transfer, or reconvey the asset or security to the insurer.

(b)The commissioner may, in his or her discretion, prior to acceptance for deposit of any security or asset, or at any time thereafter while so deposited, have the security or asset appraised or valued by competent appraisers. The reasonable costs of the appraisal or valuation shall be borne by the insurer.

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(a) (1) All securities not negotiable by delivery and deposited by an insurer, other than under § 23-81-130 , shall be assigned to the Insurance Commissioner and his or her successors in office. (2) All other assets so deposited shall be transferred or conveyed to the commissioner. (3) Upon release of any security or asset to the insurer, the commissioner shall reassign, transfer, or reconvey the asset or security to the insurer. (b) The commissioner may, in his or her discretion, prior to acceptance for deposit of any security or asset, or at any time thereafter while so deposited, have the security or asset appraised or valued by competent appraisers. The reasonable costs of the appraisal or valuation shall be borne by the insurer.