(a) Every corporation doing business pursuant to this chapter is declared to be a nonprofit and benevolent institution.
(b) The corporations are exempt from state, county, district, municipal, and school tax, including the taxes prescribed by this code, and excepting only tax on net direct written premiums under § 23-75-119 and § 26-57-601 et seq. and applicable fees prescribed by § 23-61-401 and other sections of this code, or the Insurance Commissioner's rules applicable to hospital and medical service corporations, and taxes on real and tangible personal property situated in this state.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 75 - Hospital And Medical Service Corporations
§ 23-75-102. Applicability of other laws
§ 23-75-103. Provisions exclusive
§ 23-75-104. Not applicable to employer plan
§ 23-75-105. Relationship of physician, patient, and hospital unaffected
§ 23-75-106. Incorporation — Amendments to articles or bylaws
§ 23-75-107. Certificate of authority — Application
§ 23-75-108. Certificate of authority — Requirements for issuance
§ 23-75-109. Deposit for protection of subscribers
§ 23-75-110. Contracting authority — Filing of contract
§ 23-75-111. Subscription contracts
§ 23-75-113. Expenses and investments
§ 23-75-114. Annual report — Examination
§ 23-75-118. Review of decisions
§ 23-75-121. Power to make donations for the public welfare
§ 23-75-122. Conversion to legal reserve mutual life insurer