ARKANSAS STATUTES AND CODES
§ 23-63-824 - Foreign securities.
23-63-824. Foreign securities.
(a) An insurer may make investments, in aggregate amounts not exceeding five percent (5%) or, with prior approval of the Insurance Commissioner, ten percent (10%) of its assets, and not over three percent (3%) of its assets in any one (1) investment, in securities of or in a foreign country possessing characteristics and of a quality similar to the investment required pursuant to 23-63-801, 23-63-833, and 23-63-835 for investments in the United States.
(b) Canadian securities eligible for investment under other provisions of this subchapter are not subject to this section.
Arkansas Forms by Issue
Arkansas Law
Arkansas State Laws
> Arkansas State Parks
Arkansas Tax
Arkansas Agencies