Arkansas Code Title 23, Subtitle 3, Chapter 63, Subchapter 8 - Investments
- § 23-63-801 - Applicability.
Except as to § 23-63-835, the provisions of this subchapter shall apply to domestic insurers only.
- § 23-63-802 - Eligible Investments.
(a) Insurers shall invest in, or lend their funds on the security of, and shall hold as invested assets only eligible investments as prescribed...
- § 23-63-803 - General Qualifications.
(a) Without prior written approval of the Insurance Commissioner, no security or investment, other than real and personal property acquired under § 23-63-828, concerning...
- § 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...
- § 23-63-805 - Diversification of Investments.
An insurer shall invest in or hold as admitted assets categories of investments only within applicable limits as follows: (1) One Person. (A) (i)...
- § 23-63-806 - United States Government Obligations.
An insurer may invest in bonds, notes, warrants, and other evidences of indebtedness which are direct obligations of the United States or for which...
- § 23-63-807 - Loans Guaranteed by United States.
An insurer may invest in loans guaranteed as to principal and interest by the United States, or by any agency or instrumentality of the...
- § 23-63-808 - Investments in Public Obligations.
(a) An insurer may invest in bonds or other evidences of indebtedness which are general obligations of, or are secured by pledge of specific...
- § 23-63-809 - Municipal or County Utilities.
An insurer may invest in bonds, notes, or evidences of indebtedness of any municipal or county utility within the United States or Canada, which...
- § 23-63-810 - Improvement District Obligations.
(a) An insurer may invest in bonds, notes, or evidences of indebtedness issued by any local improvement district in this or any other state...
- § 23-63-811 - Local Industrial Development Bonds.
An insurer may invest in the negotiable first-lien bonds issued by local industrial development corporations organized under the Arkansas Industrial Development Act, § 15-4-101...
- § 23-63-812 - Obligations or Stock of Certain Federal Agencies.
An insurer may invest in the obligations, or stock where stated, of the following agencies of the United States Government, whether or not the...
- § 23-63-813 - International Banks.
Any insurer may invest in obligations issued, assumed, or guaranteed by the International Bank for Reconstruction and Development, the Inter-American Development Bank, or the...
- § 23-63-814 - Corporate Bonds and Debentures.
(a) An insurer may invest in bonds, debentures, notes, and other evidences of indebtedness issued, assumed, or guaranteed by any solvent institution existing under...
- § 23-63-815 - Preferred or Guaranteed Stock.
(a) An insurer may invest in preferred or guaranteed stocks or shares of any solvent institution existing under the laws of the United States...
- § 23-63-816 - Common Stocks.
An insurer may invest in nonassessable, except for taxes and wages, common stocks other than insurance stocks of solvent United States or Canadian corporations...
- § 23-63-817 - Insurance Stocks.
(a) An insurer may invest in the stocks of other solvent insurers formed under the laws of this or another state if the stocks...
- § 23-63-818 - Stocks of Subsidiaries.
(a) With the Insurance Commissioner's written approval, a domestic insurer may invest in the stock of its wholly owned subsidiary insurance corporation or in...
- § 23-63-819 - Equipment Trust Certificates.
An insurer may invest in equipment trust obligations or certificates adequately secured and evidencing an interest in transportation equipment, wholly or in part within...
- § 23-63-820 - Investment Trust Securities.
An insurer may invest in the securities of any management-type investment company or investment trust registered with the Securities and Exchange Commission under the...
- § 23-63-821 - Policy Loans.
(a) A life insurer may lend to its policyholder upon pledge of the policy as collateral security any sum not exceeding the cash surrender...
- § 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,...
- § 23-63-823 - Savings and Loan Associations.
To the extent that an account does not exceed an amount equal to the sum of all reserve accounts, except specific or valuation reserves,...
- § 23-63-824 - Foreign Securities.
(a) An insurer may acquire investments or engage in investment practices with entities or institutions of or in foreign jurisdictions of substantially the same...
- § 23-63-825 - Additional Investment Authority.
(a) (1) An insurer may acquire under this section investments, or engage in investment practices, of any kind that are not specifically prohibited by...
- § 23-63-826 - Real Estate Mortgages.
(a) (1) An insurer may invest any of its funds in bonds, notes, or other evidences of indebtedness which are secured by first mortgages...
- § 23-63-827 - Chattel Mortgages.
(a) In connection with a mortgage loan on the security of real estate designed and used primarily for residential purposes only, which mortgage loan...
- § 23-63-828 - Real Estate.
An insurer may invest in real estate only if used for the purposes or acquired in the manner and within the limits as follows:...
- § 23-63-829 - Time Limit for Disposal of Real Estate.
(a) Except as stated in subsection (c) of this section, the insurer shall dispose of real estate acquired under § 23-63-828(1) within five (5)...
- § 23-63-830 - Time Limit for Disposal of Other Ineligible Property and Securities.
(a) Any personal property or securities lawfully acquired by an insurer which it could not otherwise have invested in or loaned its funds upon...
- § 23-63-831 - Failure to Dispose of Real Estate, Property, or Securities.
(a) Any real estate, personal property, or securities lawfully acquired and held by an insurer after expiration of the period for disposal thereof, or...
- § 23-63-832 - Special Investments by Title Insurer.
(a) (1) In addition to other investments eligible under this subchapter, a title insurer may invest and have invested an amount not exceeding fifty...
- § 23-63-833 - Prohibited Investments.
In addition to investments excluded pursuant to other provisions of the Arkansas Insurance Code, an insurer shall not directly or indirectly invest in or...
- § 23-63-834 - Cancellation of Treasury Stock.
(a) By resolution of its board of directors, any legal reserve life insurance company may cancel at any time all or any part of...
- § 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...
- § 23-63-836 - Certificates of Deposit.
An insurer may invest in certificates of deposit or similar depository instruments issued by any bank, bank and trust company, savings bank, national bank...
- § 23-63-837 - Property and Facilities for Fossil or Synthetic Fuel Production.
(a) An insurer may invest in property and facilities, and any interests and rights in properties and facilities, for the development and production of...
- § 23-63-838 - [Repealed.]
- § 23-63-839 - Negotiable Bills of Exchange or Time Drafts.
An insurer may invest in negotiable bills of exchange or time drafts issued and unconditionally guaranteed by any bank, bank and trust company, national...
- § 23-63-840 - Mortgage-Backed Securities.
(a) An insurer may invest in mortgage-backed securities, including without limitation collateralized mortgage obligations and other obligations for the payment of money secured by...
- § 23-63-841 - Derivative Transactions.
(a) As used in this section: (1) "Cap" means an agreement obligating the seller to make payments to the buyer with each payment based...
- § 23-63-842 - Asset-Backed Securities -- Definitions.
(a) As used in this section: (1) (A) "Asset-backed security" means any security or other instrument representing or evidencing an interest in, a loan...
Last modified: November 15, 2016