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23-70-112. Contributions to insurer.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-70-112. Contributions to insurer.
(a) The attorney or other parties may advance to a domestic reciprocal insurer, upon reasonable terms, such funds as it may require from time to time in its operations.
(b) Sums so advanced shall not be treated as a liability of the insurer and, except upon liquidation of the insurer, shall not be withdrawn or repaid except out of the insurer's realized earned surplus in excess of its minimum required surplus.
(c) No withdrawal or repayment shall be made without the advance approval of the Insurance Commissioner.
(d) This section does not apply as to bank loans or to loans for which security is given.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-70-112
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:23-70-112
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f7bb458525c47f087d98b6b0d689fede1d5ff97b72c7203778da032e6172ed3b
Source location: content.xml paragraph 41643
Stored source content
23-70-112. Contributions to insurer.
(a) The attorney or other parties may advance to a domestic reciprocal insurer, upon reasonable terms, such funds as it may require from time to time in its operations.
(b) Sums so advanced shall not be treated as a liability of the insurer and, except upon liquidation of the insurer, shall not be withdrawn or repaid except out of the insurer's realized earned surplus in excess of its minimum required surplus.
(c) No withdrawal or repayment shall be made without the advance approval of the Insurance Commissioner.
(d) This section does not apply as to bank loans or to loans for which security is given.
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