(a) An insurer may invest in property and facilities, and any interests and rights in properties and facilities, for the development and production of fossil or synthetic fuel or other minerals, including, but not limited to, investments relating to:
(1) The exploration for and development and production of those fuels and minerals; and
(2) Ownership and control of the property, facilities, interests, and rights.
(b) Investment in property and facilities, and any interests and rights in the properties and facilities for the development and production of fossil or synthetic fuel or other minerals under this section shall not exceed two percent (2%) of the insurer's assets.
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