In the event of payment to any person under the coverage required by this subchapter and subject to the terms and conditions of the coverage, the insurer making the payment shall be entitled to the proceeds of any settlement or judgment, to the extent of the payment, resulting from the exercise of any rights of recovery of the person against any person or organization legally responsible for the bodily injury for which the payment is made, including the proceeds recoverable from the assets of the insolvent insurer.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 1 - Public Utilities And Carriers
Chapter 16 - Miscellaneous Provisions Relating To Carriers
Subchapter 3 - Uninsured Motorist Liability Insurance
§ 23-16-302. Uninsured motorist liability insurance — Carriage required — Amount
§ 23-16-303. Insolvency protection application — Amount not limited