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23-63-822. Collateral loans.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-822. Collateral loans.
(a) An insurer may lend and invest its funds upon the pledge of securities eligible for investment under this subchapter.
(b) As at date made, no loan shall exceed in amount ninety percent (90%) of the market value of such collateral pledged.
(c) The amount so loaned shall be included pro rata in determining the maximum percentage of funds permitted under this subchapter to be invested in the respective categories of securities so pledged.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-822
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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Stable record: arkansas_code:legal_authorities:23-63-822
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: cd2b16dec5afde00563b7264630c69b4885a3f11a8f86a2513e77c8a84e2fc59
Source location: content.xml paragraph 32531
Stored source content
23-63-822. Collateral loans.
(a) An insurer may lend and invest its funds upon the pledge of securities eligible for investment under this subchapter.
(b) As at date made, no loan shall exceed in amount ninety percent (90%) of the market value of such collateral pledged.
(c) The amount so loaned shall be included pro rata in determining the maximum percentage of funds permitted under this subchapter to be invested in the respective categories of securities so pledged.
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