In any action brought against a surety insurer to enforce the liability assumed by it under any bond or contract, the insurer is estopped from denying its corporate or other power to execute that bond or guaranty or to assume the liability.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 63 - Insurance Companies Generally
Subchapter 10 - Sureties on Bonds
§ 23-63-1001. Court, judicial, and certain other bonds
§ 23-63-1002. Bonds given by state, county, or municipal officers
§ 23-63-1003. Insurer's rights as surety same as individual's