All claims paid by an insurer authorized to do business in this state to any person having a claim under any insurance contract for any type of insurance authorized by the laws of this state issued by an insurer shall be paid by check or draft of the insurer to the order of, or by electronic funds transfer to an account of, the claimant to whom payment of the claim is due pursuant to the policy provisions.
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