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Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-63-1611. Reinsurance

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) A captive insurance company may provide reinsurance under the Arkansas Insurance Code, on risks ceded by any other insurer.

(b) A captive insurance company may take credit for reserves on risks or portions of risks ceded to reinsurers that are:

(1) Complying with § 23-62-305(a)-(d); or

(2) Not complying with § 23-62-305(a)-(d) upon approval of the captive insurance company's business plan by the Insurance Commissioner.

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Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-63-1611. Reinsurance - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-63-1611/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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