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The Liquidation Division manages the
day-to-day affairs of the insolvent insurance company estates and
pre-paid funeral benefit trusts. This Division acts on behalf of the
Arkansas Insurance Commissioner, who is the official Receiver.
Additionally, this Division administers the Arkansas Property and Casualty Guaranty Fund
(APCGF), which provides benefits to Arkansas
insureds and claimants of insolvent property and casualty insurance
companies.
Finally, the Liquidation Division administers the Arkansas
Life and Health Insurance Guaranty Association (ALHIGA),
which does for life and disability insureds and claimants of Arkansas
what APCGF does for property and casualty claimants and insureds.
Although the Liquidation Division performs certain functions on behalf
of the Arkansas Insurance Commissioner, individuals employed with this
division are not employed by the State of Arkansas
and are not considered state employees. Additionally, the Liquidation
Division does not receive any funding from the State of Arkansas.
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