No life insurer shall discriminate between its policyholders by allowing, or agreeing to allow, to any policyholder, whether as an individual or as a member of a class, a portion or percent of any premium collected by the insurer from any policyholder on the pretense of making the policyholder an agent of the insurer or otherwise, unless that policyholder regularly qualifies and is licensed as an agent of the insurer, and is instrumental in actually securing business for the insurer, as evidenced by his or her name appearing on the application or applications of other policyholders, as soliciting agent, and his or her compensation for the services is limited to a reasonable commission on the business thus secured by the insurer through his or her instrumentality.
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