The Insurance Commissioner shall conduct a public hearing regarding a proposed plan of reorganization within one hundred twenty (120) days after the date the completed proposed plan of reorganization is filed under § 23-69-305, unless extended by the commissioner for good cause. Any interested person may appear or otherwise be heard at the public hearing. The commissioner, in his or her discretion, may continue the public hearing for a reasonable period of time not to exceed sixty (60) days. The mutual insurer shall give such reasonable notice of the public hearing as the commissioner, in his or her discretion, may require.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 69 - Domestic Stock and Mutual Insurers
Subchapter 3 - Mutual Insurance Holding Company Act
§ 23-69-304. Formation of mutual insurance holding company
§ 23-69-305. Filing of proposed reorganization plan
§ 23-69-306. Hearings on proposed reorganization plan
§ 23-69-307. Approval of proposed reorganization plan
§ 23-69-308. Approval of reorganization plan by policyholders
§ 23-69-309. Issuance of certificate
§ 23-69-310. Appeal of final order
§ 23-69-311. Continuation of corporate existence
§ 23-69-312. Abandonment of reorganization plan
§ 23-69-313. Mergers and acquisitions
§ 23-69-314. Membership in a mutual insurance holding company
§ 23-69-315. Annual statements
§ 23-69-316. Power of Insurance Commissioner to order production of documents
§ 23-69-317. Applicability of provisions
§ 23-69-318. Payment of compensation
§ 23-69-319. Hiring of experts
§ 23-69-320. Disclosure of confidential information
§ 23-69-321. Injunctive orders