(a) If at any time the value of the securities and assets held on deposit as to a particular insurer under § 23-81-130 is less than the actual value of the registered policies and annuity bonds or contracts issued by the insurer and then in force, the Insurance Commissioner shall not execute the certificate on any additional policies, annuity bonds, or contracts of the insurer until it shall have made good the deficit.
(b) In the event of any deficiency in its deposit, the insurer shall also be subject to the provisions of § 23-63-910(b).
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 81 - Life Insurance Policies And Annuities
Subchapter 1 - General Provisions
§ 23-81-103. Life insurance — Standard provisions required
§ 23-81-104. Life insurance — Grace period provision
§ 23-81-105. Life insurance — Incontestability provision
§ 23-81-106. Life insurance — Integrity of contract and alteration of contract provisions
§ 23-81-107. Life insurance — Misstatement of age provision
§ 23-81-108. Life insurance — Dividend provision
§ 23-81-109. Life insurance — Adjustment of loan interest rates provision
§ 23-81-110. Life insurance — Table of installments provision
§ 23-81-111. Life insurance — Reinstatement provision
§ 23-81-112. Life insurance — Payment of premiums provision
§ 23-81-113. Life insurance — Payment of claims provision
§ 23-81-114. Life insurance — Excluded or restricted coverage clauses limited
§ 23-81-115. Life insurance — Limitation of liability
§ 23-81-116. Life insurance — Holding of proceeds
§ 23-81-117. Life insurance — Indebtedness deducted from proceeds
§ 23-81-118. Life insurance — Refund of certain premiums and payment of proceeds
§ 23-81-120. Life insurance — Unnamed beneficiaries prohibited
§ 23-81-121. Annuity and pure endowment contracts — Standard provisions required
§ 23-81-122. Annuity and pure endowment contracts — Grace period provision
§ 23-81-123. Annuity and pure endowment contracts — Incontestability provision
§ 23-81-124. Annuity and pure endowment contracts — Integrity of contract provision
§ 23-81-125. Annuity and pure endowment contracts — Misstatement of age provision
§ 23-81-126. Annuity and pure endowment contracts — Dividend provision
§ 23-81-127. Annuity and pure endowment contracts — Reinstatement provision
§ 23-81-128. Reversionary annuities — Standard provisions required
§ 23-81-129. Incontestability of life insurance policy or annuity contract after reinstatement
§ 23-81-130. Registered life insurance policies and annuity contracts — Deposit of reserves
§ 23-81-131. Registered life insurance policies and annuity contracts — Certificate
§ 23-81-132. Registered life insurance policies and annuity contracts — Valuation
§ 23-81-135. Registered life insurance policies and annuity contracts — Credit of certain deposits
§ 23-81-136. Registered life insurance policies and annuity contracts — Deficiency of deposit