There is a newer version of the Arkansas Code
2010 Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 3 - Insurance
Chapter 68 - Rehabilitation And Liquidation Of Insurance Companies
§ 23-68-104 - Commencement of delinquency proceedings.
23-68-104. Commencement of delinquency proceedings.The Insurance Commissioner shall commence any such proceedings by application to the court for an order directing the insurer to show cause why the commissioner should not have the relief prayed for. On the return of such order to show cause, and after a full hearing, the court shall either deny the application or grant the application, together with such other relief as the nature of the case and the interests of the policyholders, creditors, stockholders, members, subscribers, or the public may require.
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