Arkansas Code
Chapter 68 - Rehabilitation and Liquidation of Insurance Companies
§ 23-68-120. Attachment and garnishment of assets

During the pendency of delinquency proceedings in this or any reciprocal state, no action or proceeding in the nature of an attachment, garnishment, or execution shall be commenced or maintained in the courts of this state against the delinquent insurer or its assets. Any lien obtained by any such action or proceeding within four (4) months prior to the commencement of any such delinquency proceeding or at any time thereafter shall be void as against any rights arising in such delinquency proceeding.

Structure Arkansas Code

Arkansas Code

Title 23 - Public Utilities and Regulated Industries

Subtitle 3 - Insurance

Chapter 68 - Rehabilitation and Liquidation of Insurance Companies

§ 23-68-101. Uniform Insurers Liquidation Act

§ 23-68-102. Definitions

§ 23-68-103. Delinquency proceedings generally

§ 23-68-104. Commencement of delinquency proceedings

§ 23-68-105. Injunctions — Commissioner as party to suits

§ 23-68-106. Grounds for rehabilitation — Domestic insurers

§ 23-68-107. Grounds for liquidation

§ 23-68-108. Grounds for conservation — Domestic, foreign, and alien insurers

§ 23-68-109. Grounds for ancillary liquidation — Foreign insurers

§ 23-68-110. Order of rehabilitation

§ 23-68-111. Order of liquidation — Domestic and alien insurers

§ 23-68-112. Order of conservation or liquidation — Foreign and alien insurers

§ 23-68-113. Conduct of delinquency proceedings against domestic and alien insurers

§ 23-68-114. Disposition of funds held pursuant to § 23-68-113

§ 23-68-115. Conduct of delinquency proceedings against foreign insurers

§ 23-68-116. Claims of nonresidents against domestic insurers

§ 23-68-117. Claims against foreign insurers

§ 23-68-118. Form of claim — Notice — Hearing

§ 23-68-119. Priority of certain claims

§ 23-68-120. Attachment and garnishment of assets

§ 23-68-121. Disposition of moneys collected

§ 23-68-122. Exemption from fees

§ 23-68-123. Borrowing on pledge of assets

§ 23-68-124. Date of rights and liabilities upon liquidation

§ 23-68-125. Voidable transfers and liens

§ 23-68-126. Priority of distribution of general assets

§ 23-68-127. Offsets

§ 23-68-128. Allowance of certain claims

§ 23-68-129. Time for filing claims

§ 23-68-130. Report and petition for assessment

§ 23-68-131. Order and levy of assessment

§ 23-68-132. Assessment prima facie correct — Procedures to collect assessment

§ 23-68-133. Reinsurer's liability

§ 23-68-134. Priority of distribution of claims — Legislative intent

§ 23-68-135. Early distribution — Definition