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23-63-835. Investments of foreign insurers.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-835. Investments of foreign insurers.
(a) The investments of a foreign or alien insurer shall be as permitted by the laws of its domicile but shall be of a quality substantially as high as those required under this subchapter for similar funds of like domestic insurers.
(b) For the purposes of this section, the domicile of an alien insurer shall be as provided in § 23-63-104.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-835
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:23-63-835
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 49f5217a9655c5575a663b91839ff9a2b2d7c61b90a1a0ad8f2a411d1c9521d7
Source location: content.xml paragraph 32706
Stored source content
23-63-835. Investments of foreign insurers.
(a) The investments of a foreign or alien insurer shall be as permitted by the laws of its domicile but shall be of a quality substantially as high as those required under this subchapter for similar funds of like domestic insurers.
(b) For the purposes of this section, the domicile of an alien insurer shall be as provided in § 23-63-104.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-104. Domicile of alien insurer.
(a) For the purpose of the Arkansas Insurance Code, except as provided under § 23-68-102(6), the domicile of an alien insurer, other than insurers formed under the laws of Canada, shall be that state designated by the insurer in writing filed with the Insurance Commissioner at time of admission to this state or within six (6) months after June 11, 1959, whichever date is the later, and may be any one (1) of the following states:
(1) That in which the insurer was first authorized to transact insurance;
(2) That in which is located the insurer's principal place of business in the United States; or
(3) That in which is held the larger deposit of trusteed assets of the insurer for the protection of its policyholders, or policyholders and creditors, in the United States.
(b) If the insurer makes no designation, its domicile shall be deemed to be that state in which is located its principal place of business in the United States.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-104
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. The source passage cites 23-63-104. This identifies an authority to review, not proof of applicability.