Whenever any other state or foreign country refuses to permit any life insurer domiciled in Arkansas to enter in and transact insurance in the state or country upon the grounds that the name of the Arkansas insurer is the same or similar to the name of a life insurer domiciled in the other state or country, the Insurance Commissioner, if satisfied that no such similarity of names actually exists, that the refusal is unjustified, and that the Arkansas insurer should be permitted to do business in the other state or country, may, in his or her discretion, suspend or revoke the certificate of authority in Arkansas of that life insurer domiciled in the other state or country whose name has been so declared to be similar to that of the Arkansas insurer.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 63 - Insurance Companies Generally
Subchapter 1 - General Provisions
§ 23-63-102. Retaliation for foreign taxes, fees, restrictions, etc
§ 23-63-103. Retaliation for unjustified refusal to permit business because of similar name
§ 23-63-104. Domicile of alien insurer
§ 23-63-105. Service contracts to perform administrative functions
§ 23-63-107. Prompt processing of payment by insurer
§ 23-63-110. Policy cancellation or premium increase
§ 23-63-111. Policyholder's right to loss information
§ 23-63-112. Notice of intent to settle