(a)
(1) In addition to other investments eligible under this subchapter, a title insurer may invest and have invested an amount not exceeding fifty percent (50%) of its paid-in capital stock in its abstract plant and equipment and, with the Insurance Commissioner's consent, in stocks of abstract companies.
(2) If the insurer transacts kinds of insurance in addition to title insurance, for the purposes of this section, its paid-in capital stock shall be prorated between title insurance and other insurances upon the basis of the reserves maintained by the insurer for the various kinds of insurance. However, the capital so assigned to title insurance shall in no event be less than one hundred thousand dollars ($100,000).
(b) Investments authorized by this section shall not be credited against the insurer's required unearned premium or guaranty fund reserve provided under § 23-63-614.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 63 - Insurance Companies Generally
§ 23-63-802. Eligible investments
§ 23-63-803. General qualifications
§ 23-63-804. Authorization of investment
§ 23-63-805. Diversification of investments
§ 23-63-806. United States Government obligations
§ 23-63-807. Loans guaranteed by United States
§ 23-63-808. Investments in public obligations
§ 23-63-809. Municipal or county utilities
§ 23-63-810. Improvement district obligations
§ 23-63-811. Local industrial development bonds
§ 23-63-812. Obligations or stock of certain federal agencies
§ 23-63-813. International banks
§ 23-63-814. Corporate bonds and debentures
§ 23-63-815. Preferred or guaranteed stock
§ 23-63-818. Stocks of subsidiaries
§ 23-63-819. Equipment trust certificates
§ 23-63-820. Investment trust securities
§ 23-63-823. Savings and loan associations
§ 23-63-824. Foreign securities
§ 23-63-825. Additional investment authority
§ 23-63-826. Real estate mortgages
§ 23-63-827. Chattel mortgages
§ 23-63-829. Time limit for disposal of real estate
§ 23-63-830. Time limit for disposal of other ineligible property and securities
§ 23-63-831. Failure to dispose of real estate, property, or securities
§ 23-63-832. Special investments by title insurer
§ 23-63-833. Prohibited investments
§ 23-63-834. Cancellation of treasury stock
§ 23-63-835. Investments of foreign insurers
§ 23-63-836. Certificates of deposit
§ 23-63-837. Property and facilities for fossil or synthetic fuel production
§ 23-63-839. Negotiable bills of exchange or time drafts
§ 23-63-840. Mortgage-backed securities