Arkansas Code Title 23. Public Utilities and Regulated Industries § 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 the stock of its wholly owned subsidiary business corporation formed or acquired for and necessary and incidental to:

(b) Unless a greater investment has been approved in writing by the commissioner:

(c) With the prior written approval of the commissioner, a domestic insurer may invest any amount in the securities of one (1) or more of the domestic insurer's subsidiaries if after the investment the domestic insurer's policyholders' surplus is:

(d) An investment that exceeds the scope of an approval granted under this section requires the additional prior written approval of the commissioner.