§ 23-81-136 - Registered life insurance policies and annuity contracts -- Deficiency of deposit. - Arkansas Statutes

23-81-136. Registered life insurance policies and annuity contracts -- Deficiency of deposit.

(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).