(a) An insurer shall provide its insured written notice of the terms of settlement of a claim if the insured:
(1) Notifies the insurer in writing that the amount of or liability for the claim is contested; and
(2) Requests in writing notice of the insurer's settlement of the claim.
(b) Except as provided in subsection (a) of this section, nothing in this section shall be construed to alter the defense or handling of a claim under any policy or contract of insurance.
(c) The provisions of this section shall not apply to personal lines of insurance.
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