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2020 Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 3 - Insurance
Chapter 62 - Kinds of Insurance — Reinsurance
Subchapter 1 - Definitions
§ 23-62-110. Mortgage guaranty insurance
Universal Citation:
AR Code § 23-62-110 (2020)
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As used in the Arkansas Insurance Code, “mortgage guaranty insurance” means insurance that insures lenders against financial loss by reason of nonpayment of principal, interest, or other sums agreed to be paid under the terms of any note, bond, or other evidence of indebtedness secured by a mortgage, deed of trust, or other instrument constituting a lien or charge on improved real estate.
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