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    • Legislation USA
    • Arkansas Code
    • Title 23 - Public Utilities and Regulated Industries
    • Subtitle 3 - Insurance
    • Chapter 70 - Reciprocal Insurers
    • § 23-70-121. Distribution of savings

    Arkansas Code
    Chapter 70 - Reciprocal Insurers
    § 23-70-121. Distribution of savings

    (a) A reciprocal insurer may return to its subscribers from time to time any unused premiums, savings, or credits accruing to their accounts.
    (b) Any distribution shall not unfairly discriminate between classes of risks, or policies, or between subscribers, but the distribution may vary as to classes of subscribers based upon the experience of those subscribers.

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    Structure Arkansas Code

    Arkansas Code

    Title 23 - Public Utilities and Regulated Industries

    Subtitle 3 - Insurance

    Chapter 70 - Reciprocal Insurers

    § 23-70-101. Definitions

    § 23-70-102. Scope

    § 23-70-103. Insuring powers

    § 23-70-104. Name used in suits

    § 23-70-105. Surplus funds required

    § 23-70-106. Organization

    § 23-70-107. Certificate of authority

    § 23-70-108. Power of attorney

    § 23-70-109. Modifications

    § 23-70-110. Attorney's bond required — Exception

    § 23-70-111. Service of process — Judgment

    § 23-70-112. Contributions to insurer

    § 23-70-113. Annual statement

    § 23-70-114. Method of determining financial condition

    § 23-70-115. Subscribers generally

    § 23-70-116. Subscribers' advisory committee

    § 23-70-117. Subscribers' liability

    § 23-70-118. Assessments

    § 23-70-119. Aggregate liability

    § 23-70-120. Nonassessable policies

    § 23-70-121. Distribution of savings

    § 23-70-122. Subscribers' share in assets

    § 23-70-123. Merger or conversion

    § 23-70-124. Impaired reciprocals

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