The investable funds generated through the transaction of the business of legal insurance by persons who are not licensed to transact other lines of insurance shall be invested in securities or other investments permitted by the laws of this state for the investment of assets of life insurers or in such other securities or investments as the Insurance Commissioner shall permit.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 91 - PrePaid Legal Insurance
Subchapter 2 - Arkansas Legal Insurance Act
§ 23-91-202. Construction and purposes
§ 23-91-204. Applicability of insurance law
§ 23-91-205. Applicability of unauthorized insurance law
§ 23-91-207. Penalty provisions — Applicability of §§ 23-60-108 and 23-60-109
§ 23-91-208. Authorization required
§ 23-91-209. Conditions for issuing certificate of authority
§ 23-91-210. Regulation of policy forms
§ 23-91-211. Regulation of rates
§ 23-91-212. Approval of forms and rates
§ 23-91-213. Segregated accounts required — Exception
§ 23-91-214. Management and exclusive agency contracts
§ 23-91-216. Reserves required
§ 23-91-217. Investment of assets
§ 23-91-219. Licensing of agents
§ 23-91-220. Examination of insurer's affairs
§ 23-91-221. Professional ethics
§ 23-91-222. Revocation of certificate of authority
§ 23-91-223. Rehabilitation and liquidation