The Insurance Commissioner shall refuse to continue or shall suspend or revoke the certificate of authority of any such insurer for any of the following causes:
(1) If, during the preceding calendar year, the insurer scaled and reduced its accrued beneficial claims by reason of insufficient yield of assessment or revenues;
(2) If the insurer has exceeded its powers;
(3) If the insurer has surplus of less than ten thousand dollars ($10,000) or has fewer than two thousand (2,000) members regularly paying their assessments; or
(4) For other causes specified in §§ 23-63-212 and 23-63-213.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 72 - Mutual Assessment Life and Disability Insurers
§ 23-72-103. Other provisions applicable
§ 23-72-104. Minimum requirements for new insurers
§ 23-72-106. Refusal, suspension, or revocation of certificate of authority
§ 23-72-107. Pro rata or level assessment plans
§ 23-72-110. Filing and amendment of bylaws
§ 23-72-111. Special provisions of pro rata assessment plan
§ 23-72-112. Additional assessments or adjustments of rates or benefits
§ 23-72-113. Benefits and payment — Level or stipulated plan insurers
§ 23-72-114. Benefits not subject to attachment
§ 23-72-115. Notice to members of scaled and reduced claims
§ 23-72-116. Pro rata plan insurer — Reclassification and rearrangement of members
§ 23-72-118. Conversion to level premium plan
§ 23-72-119. Merger or bulk reinsurance or conversion