Arkansas § 23-81-136 Registered life insurance policies and annuity contracts - Deficiency of deposit

Arkansas Statutes

§ 23-81-136 — Registered life insurance policies and annuity contracts - Deficiency of deposit

Arkansas § 23-81-136

Title23

This text of Arkansas § 23-81-136 (Registered life insurance policies and annuity contracts - Deficiency of deposit) 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. § 23-81-136 (2026).

Text

(a)If at any time the value of the securities and assets held on deposit as to a particular insurer under § 23-81-130 is less than the actual value of the registered policies and annuity bonds or contracts issued by the insurer and then in force, the Insurance Commissioner shall not execute the certificate on any additional policies, annuity bonds, or contracts of the insurer until it shall have made good the deficit.

(b)In the event of any deficiency in its deposit, the insurer shall also be subject to the provisions of § 23-63-910(b) .

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(a) If at any time the value of the securities and assets held on deposit as to a particular insurer under § 23-81-130 is less than the actual value of the registered policies and annuity bonds or contracts issued by the insurer and then in force, the Insurance Commissioner shall not execute the certificate on any additional policies, annuity bonds, or contracts of the insurer until it shall have made good the deficit. (b) In the event of any deficiency in its deposit, the insurer shall also be subject to the provisions of § 23-63-910(b) .