Ark. Code § 23-72-103

Current with legislation from 2024 Fiscal and Special Sessions.

Section 23-72-103 - Other provisions applicable

In addition to the provisions contained in this chapter, other chapters and provisions of the Arkansas Insurance Code shall apply to mutual assessment life and disability insurers, to the extent so applicable, as follows:

(1) Sections 23-60-101 - 23-60-108 and 23-60-110, scope of Arkansas Insurance Code;

(2) Section 23-61-101 et seq., § 23-61-201 et seq., and § 23-61-301 et seq., the Insurance Commissioner;

(3) Sections 23-63-102 - 23-63-104, 23-63-201 - 23-63-216, 23-63-301, and 23-63-302, authorization of insurers and general requirements, with the exception of the following sections:

(A) Section 23-63-205, capital funds required;

(B) Section 23-63-207, special surplus requirement; and

(C) Section 23-63-206, bond or deposit requirement;

(4) Applicable provisions of § 23-63-601 et seq., assets and liabilities;

(5) Applicable provisions of § 23-63-801 et seq., investments;

(6) Section 23-64-101 et seq., agents, brokers, and producers;

(7) Section 23-65-101 et seq., unauthorized insurers;

(8) Sections 23-66-201 - 23-66-213, 23-66-301 - 23-66-306, 23-66-308 - 23-66-311, 23-66-313, 23-66-314, and 23-66-501 - 23-66-513, trade practice and frauds;

(9) Sections 23-79-101 - 23-79-107, 23-79-109 - 23-79-128, 23-79-131 - 23-79-134, and 23-79-202 - 23-79-210, the insurance contract, except:

(A) Sections 23-79-131 - 23-79-134, exemption of proceeds;

(B) Section 23-79-204, venue; and

(C) Section 23-79-205, registered agents for service of process;

(10) The following provisions of §§ 23-69-101 - 23-69-103, 23-69-105 - 23-69-141, 23-69-143, and 23-69-149 - 23-69-156, organization and corporate procedures of domestic stock and mutual insurers:

(A) Section 23-69-103, inapplicability of general corporation statutes;

(B) Section 23-69-107, amendment of articles of incorporation;

(C) Section 23-69-111, corporate powers in general;

(D) Section 23-69-111, contributions;

(E) Section 23-69-120, meetings of stockholders or members;

(F) Section 23-69-123, corrupt practices - penalty;

(G) Section 23-69-110, removal of director - vacancies;

(H) Section 23-69-108, officers;

(I) Section 23-69-109, prohibited pecuniary interest of officials;

(J) Section 23-69-134, home office and records and penalty for unlawful removal of records;

(K) Section 23-69-135, voucher for expenditures;

(L) Section 23-69-136, situs of personal property for taxation;

(M) Section 23-69-137, management and exclusive agency contracts;

(N) Sections 23-69-151 - 23-69-154, voluntary dissolution;

(O) Section 23-69-155, mutual member's share of assets on liquidation; and

(P) Section 23-69-156, extinguishment of unused corporate charters;

(11) Applicable provisions of § 23-68-101 et seq., rehabilitation and liquidation; and

(12) Section 23-62-205, reinsurance.

Ark. Code § 23-72-103

Amended by Act 2021, No. 367,§ 18, eff. 7/28/2021.

Acts 1959, No. 148, § 578; A.S.A. 1947, § 66-4523; Acts 1991, No. 804, § 3; 2001, No. 1566, § 15.