No person engaged in the business of financing the purchase of real or personal property or of lending money on the security of real or personal property and no trustee, director, officer, agent, or other employee of the person shall directly or indirectly require that a borrower pay a consideration of any kind to substitute the insurance policy of one (1) insurer for that of another.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subchapter 3 - Miscellaneous Prohibited Practices
§ 23-66-301. Misrepresentation or false claims or proofs
§ 23-66-302. False representations
§ 23-66-303. Intimidation or coercion of business
§ 23-66-304. Fictitious groups
§ 23-66-305. Misrepresentations in application for insurance
§ 23-66-306. Misrepresentation of other policies
§ 23-66-307. Actions required to replace a life insurance policy or annuity — Rules — Penalties
§ 23-66-308. Rebates, discounts, abatements, etc
§ 23-66-309. Charge for substitution of policy
§ 23-66-310. Illegal dealing in premiums — Excess charges for insurance
§ 23-66-311. Business development compensation to life policyholders
§ 23-66-312. Favored agent or insurer — Coercion of debtors
§ 23-66-313. Overwriting contracts of life insurer
§ 23-66-314. Common ownership, management, and directors of insurance companies
§ 23-66-315. Confidential information
§ 23-66-316. Advertising by health and accident insurers and prepaid health plans
§ 23-66-318. Claims or loss histories — Provision for copies to named insureds
§ 23-66-319. Cancellation of insurance policies by third parties