(a) A stipulated premium plan insurer may merge or consolidate into another stipulated premium plan insurer or into a stock insurer authorized to transact insurance in this state, or it may adopt a plan of exchange of the outstanding stock of its stockholders in accordance with the procedures prescribed by §§ 23-69-142 — 23-69-148.
(b) A mutual assessment insurer may merge into a stipulated premium plan insurer under § 23-72-119.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 71 - Stipulated Premium Insurers
§ 23-71-103. Other provisions applicable
§ 23-71-104. Incorporation, reincorporation, or formation prohibited
§ 23-71-105. Reserves and nonforfeiture provisions required
§ 23-71-106. Use of “stipulated premium” prohibited — Exception
§ 23-71-107. Articles of incorporation and capital stock
§ 23-71-110. Guaranty fund deposit
§ 23-71-111. Policies — Liability
§ 23-71-112. Benefits not subject to attachment
§ 23-71-114. Personal liability
§ 23-71-115. Merger, consolidation, or adoption of plan of exchange