An insurer is insolvent when its reserves, its matured death claims, and its other due and unpaid obligations exceed its assets and death assessments or periodic payments called, to be called, or in process of collection.
Ark. Code Ann. § 23-72-121 — under Mutual Assessment Life and Disability Insurers.
Ark. Code Ann. § 23-72-121
An insurer is insolvent when its reserves, its matured death claims, and its other due and unpaid obligations exceed its assets and death assessments or periodic payments called, to be called, or in process of collection.