Arkansas Statutes
§ 23-70-114 — Method of determining financial condition
Arkansas § 23-70-114
JurisdictionArkansas
Title23
This text of Arkansas § 23-70-114 (Method of determining financial condition) 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. § 23-70-114 (2026).
Text
In determining the financial condition of a reciprocal insurer, the Insurance Commissioner shall apply the following rules:
(1)He or she shall charge as liabilities the same reserves as are required of incorporated insurers issuing nonassessable policies on a reserve basis;
(2)The surplus deposits of subscribers shall be allowed as assets, except that any premium deposits delinquent for ninety (90) days shall first be charged against the surplus deposit;
(3)The surplus deposits of subscribers shall not be charged as a liability;
(4)All premium deposits delinquent less than ninety (90) days shall be allowed as assets;
(5)An assessment levied upon subscribers, and not collected, shall not be allowed as an asset;
(6)The contingent liability of subscribers shall not be allowed as an asse
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Legislative History
Acts 1959, No. 148, § 527; A.S.A. 1947, § 66-4318.
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
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Bluebook (online)
Arkansas § 23-70-114, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/23-70-114.