Arkansas § 23-63-908 Excess deposits

Arkansas Statutes

§ 23-63-908 — Excess deposits

Arkansas § 23-63-908

Title23

This text of Arkansas § 23-63-908 (Excess deposits) 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. § 23-63-908 (2026).

Text

(a)An insurer may so deposit assets or securities in an amount exceeding its deposit required or otherwise permitted under the Arkansas Insurance Code by not more than twenty percent (20%) of the required or permitted deposit or one hundred thousand dollars ($100,000), whichever is the larger amount, for the purpose of absorbing fluctuations in the value of securities and assets deposited and to facilitate the exchange and substitution of such securities and assets.

(b)(1) During the solvency of the insurer, any excess shall be released to the insurer upon its request.

(2)During the insolvency of the insurer, the excess deposit shall be released only as provided in § 23-63-911(b)(3) .

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(a) An insurer may so deposit assets or securities in an amount exceeding its deposit required or otherwise permitted under the Arkansas Insurance Code by not more than twenty percent (20%) of the required or permitted deposit or one hundred thousand dollars ($100,000), whichever is the larger amount, for the purpose of absorbing fluctuations in the value of securities and assets deposited and to facilitate the exchange and substitution of such securities and assets. (b) (1) During the solvency of the insurer, any excess shall be released to the insurer upon its request. (2) During the insolvency of the insurer, the excess deposit shall be released only as provided in § 23-63-911(b)(3) .