Arkansas § 23-70-112 Contributions to insurer

Arkansas Statutes

§ 23-70-112 — Contributions to insurer

Arkansas § 23-70-112

Title23

This text of Arkansas § 23-70-112 (Contributions to insurer) 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. § 23-70-112 (2026).

Text

(a)The attorney or other parties may advance to a domestic reciprocal insurer, upon reasonable terms, such funds as it may require from time to time in its operations.

(b)Sums so advanced shall not be treated as a liability of the insurer and, except upon liquidation of the insurer, shall not be withdrawn or repaid except out of the insurer's realized earned surplus in excess of its minimum required surplus.

(c)No withdrawal or repayment shall be made without the advance approval of the Insurance Commissioner.

(d)This section does not apply as to bank loans or to loans for which security is given.

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(a) The attorney or other parties may advance to a domestic reciprocal insurer, upon reasonable terms, such funds as it may require from time to time in its operations. (b) Sums so advanced shall not be treated as a liability of the insurer and, except upon liquidation of the insurer, shall not be withdrawn or repaid except out of the insurer's realized earned surplus in excess of its minimum required surplus. (c) No withdrawal or repayment shall be made without the advance approval of the Insurance Commissioner. (d) This section does not apply as to bank loans or to loans for which security is given.