(a) (1) Except as provided in § 23-63-1614, an association captive insurance company, a producer reinsurance captive insurance company, a sponsored captive insurance company, and an industrial insured group shall comply with the investment requirements contained in the Arkansas Insurance Code.
(2) The Insurance Commissioner may approve the use of alternative reliable methods of valuation and rating.
(b) (1) A pure captive insurance company or industrial insured captive insurance company is not subject to any restrictions on allowable investments contained in the Arkansas Insurance Code.
(2) The commissioner may prohibit or limit an investment that threatens the solvency or liquidity of the company.
(c) (1) Only a pure captive insurance company may make loans to its parent company or affiliates, with the prior written approval of the commissioner and evidenced by a note in a form approved by the commissioner.
(2) Loans of minimum capital and surplus funds required by §§ 23-63-1604(a) and 23-63-1605(a) are prohibited.
Section: Previous 23-63-1603 23-63-1604 23-63-1605 23-63-1606 23-63-1607 23-63-1608 23-63-1609 23-63-1610 23-63-1611 23-63-1612 23-63-1613 23-63-1614 23-63-1615 23-63-1616 23-63-1617 NextLast modified: November 15, 2016