(a) An insurer that issued a reimbursement insurance policy shall not terminate the policy until at least sixty (60) days' notice of termination has been mailed or delivered to the Insurance Commissioner and in accordance with any other applicable law.
(b) The termination of a reimbursement insurance policy shall not reduce the insurer's responsibility for service contracts issued by providers prior to the date of the termination.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 7 - Consumer Protection
Chapter 114 - Service Contracts Act
§ 4-114-102. Scope and purpose
§ 4-114-104. Requirements for doing business
§ 4-114-105. Required disclosures — Reimbursement insurance policy
§ 4-114-106. Required disclosure — Service contracts
§ 4-114-108. Recordkeeping requirements
§ 4-114-109. Cancellation of reimbursement insurance policy
§ 4-114-110. Obligation of reimbursement insurance policy insurers