Browse Arkansas Code titles and sections
23-63-804. Authorization of investment.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-804. Authorization of investment.
(a) An insurer shall not make any investment or loan, other than policy loans or annuity contract loans of a life insurer, unless the insurer is authorized or approved by the insurer's board of directors or by a committee authorized by the board and charged with the supervision or making of the investment or loan.
(b) The minutes of the committee shall be recorded and regular reports of the committee shall be submitted to the board of directors.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-804
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-63-804
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f80cb0f5e34c517415f0957488d2d2eb215414c4379d52e851a22534fce043a8
Source location: content.xml paragraph 32349
Stored source content
23-63-804. Authorization of investment.
(a) An insurer shall not make any investment or loan, other than policy loans or annuity contract loans of a life insurer, unless the insurer is authorized or approved by the insurer's board of directors or by a committee authorized by the board and charged with the supervision or making of the investment or loan.
(b) The minutes of the committee shall be recorded and regular reports of the committee shall be submitted to the board of directors.
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