Officers and members of a domestic insurer shall not be individually liable for the payment of any disability or death benefit provided for in the bylaws and agreements of the insurer, but the benefit shall be payable out of the funds of the insurer and in the manner provided by its bylaws.
Officers and members not individually liable
Ark. Code Ann. § 23-72-122 — under Mutual Assessment Life and Disability Insurers.
Ark. Code Ann. § 23-72-122