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Subchapter 1 - General Provisions
§ 23-69-101. Scope - Sections 23-69-101 — 23-69-103, 23-69-105 — 23-69-141, 23-69-143, and 23-69-149...
§ 23-69-102. Definitions - As used in §§ 23-69-101 — 23-69-103, 23-69-105 — 23-69-141,...
§ 23-69-103. Inapplicability of general corporation statutes - The statutes of this state relating to the powers and...
§ 23-69-104. Powers of company not enlarged - Nothing in §§ 23-69-101 — 23-69-103, 23-69-105 — 23-69-141, 23-69-143,...
§ 23-69-105. Incorporation - (a) This section applies to stock and mutual insurers hereafter...
§ 23-69-106. Articles of incorporation — Filing and approval - (a) (1) The incorporator or incorporators of a proposed domestic...
§ 23-69-107. Articles of incorporation — Amendment - (a) A domestic stock insurer may amend its articles of...
§ 23-69-108. Officers - (a) (1) (A) Every domestic stock or mutual insurer shall...
§ 23-69-109. Pecuniary interest of officers, directors, employees, etc - (a) Any officer or director, any member of any committee,...
§ 23-69-110. Vacancies on the board of directors - (a) Vacancies on the board of directors may be filled...
§ 23-69-111. Corporate powers and duties - (a) An insurance corporation formed under §§ 23-69-101 — 23-69-103,...
§ 23-69-112. Initial qualifications — Domestic mutuals - (a) When newly organized, a domestic mutual insurer may be...
§ 23-69-113. Formation of nonlife mutual insurer — Deposit required - (a) Before soliciting any applications for insurance as required under...
§ 23-69-114. Formation of nonlife mutual insurer — Applications for insurance - (a) Upon receipt of the Insurance Commissioner's approval of the...
§ 23-69-115. Trust deposit of premiums — Issuance of policies — Mutual insurers - (a) All sums collected by a domestic mutual corporation as...
§ 23-69-116. Failure to complete organization — Mutual insurers - If the proposed domestic mutual insurer fails to complete its...
§ 23-69-117. Additional kinds of insurance — Mutual insurers - A domestic mutual insurer, after being authorized to transact one...
§ 23-69-118. Membership — Mutual insurers - (a) Each policyholder of a domestic mutual insurer, other than...
§ 23-69-119. Bylaws — Mutual insurers - (a) (1) A domestic mutual insurer shall have bylaws consistent...
§ 23-69-120. Meetings of stockholders or members - (a) Meetings of stockholders or members of a domestic insurer...
§ 23-69-121. Stockholders' voting rights - (a) Unless otherwise provided in the articles of incorporation or...
§ 23-69-122. Proxies — Stock insurers - (a) Every proxy of a stockholder of an insurer shall...
§ 23-69-123. Buying of vote or proxy — Corrupt and dishonest practices prohibited - (a) No person shall buy or sell a vote or...
§ 23-69-124. Contingent liability of nonlife mutual members - (a) (1) Each member of a domestic mutual insurer other...
§ 23-69-125. Contingent liability and assessability of policies — Mutual insurers - (a) (1) While possessing surplus funds in amount not less...
§ 23-69-126. Participating policies - (a) A domestic stock or domestic mutual insurer may issue...
§ 23-69-127. Consideration for stock - (a) Shares of stock of a domestic stock insurer shall...
§ 23-69-128. Transfer of stock - The provisions of chapter 8 of the Uniform Commercial Code,...
§ 23-69-129. Dividends to stockholders - (a) A domestic stock insurer shall not pay any dividend...
§ 23-69-130. Dividends to mutual policyholders - (a) The directors of a domestic mutual insurer may from...
§ 23-69-131. Unauthorized dividends prohibited - (a) Any director of a domestic stock or mutual insurer...
§ 23-69-132. Borrowed surplus - (a) (1) (A) A domestic stock or mutual insurer may...
§ 23-69-133. Stockholders' liability - (a) Every holder of shares of stock of a domestic...
§ 23-69-134. Maintenance of home office and records - (a) Every domestic insurer shall have and maintain its principal...
§ 23-69-135. Evidence of disbursement required - (a) No insurer shall make any disbursement of one thousand...
§ 23-69-136. Situs of personal property for taxation - For the purpose of state, county, and municipal taxation, the...
§ 23-69-137. Management and exclusive agency contracts - (a) (1) No domestic insurer shall make any contract whereby...
§ 23-69-138. Impairment of capital or assets - (a) (1) (A) If a stock or mutual insurer becomes...
§ 23-69-139. Assessment of stockholders or members - (a) Any insurer receiving the Insurance Commissioner's notice mentioned in...
§ 23-69-140. Mutualization of stock insurers - (a) A stock insurer other than a title insurer may...
§ 23-69-141. Converting mutual insurer to stock insurer - (a) A mutual insurer may become a stock insurer under...
§ 23-69-142. Mergers and consolidations and acquisition by exchange of stock - (a) (1) A domestic stock insurer may merge or consolidate...
§ 23-69-143. Mergers and consolidations — Mutual insurers - (a) A domestic mutual insurer may merge or consolidate with...
§ 23-69-144. Agreement or adoption of plan for merger, consolidation, or plan of exchange of shares - (a) The directors, or a majority of them, of the...
§ 23-69-145. Effect of merger or consolidation - (a) When the agreement of merger or consolidation as filed...
§ 23-69-146. Effect of exchange under plan of exchange - (a) (1) When the plan of exchange of shares, as...
§ 23-69-147. Acquiring and acquired corporations under a plan of exchange to be separate - The domestic stock insurance company acquired under a plan of...
§ 23-69-148. Nonconsenting stockholders - (a) If any stockholder entitled to vote in any domestic...
§ 23-69-149. Assumption reinsurance — Stock insurers - (a) (1) A domestic stock insurer may reinsure all or...
§ 23-69-150. Assumption reinsurance — Mutual insurers - (a) A domestic mutual insurer may reinsure all or substantially...
§ 23-69-151. Voluntary dissolution — Procedure - (a) (1) If while a domestic stock or mutual insurer...
§ 23-69-152. Dissolution — Directors to act as trustees - (a) Upon the dissolution of a domestic stock or mutual...
§ 23-69-153. Dissolution — Continuation for suits and settling business - (a) All domestic stock and mutual insurance corporations, whether they...
§ 23-69-154. Voluntary dissolution — Distribution of assets to stockholders - (a) The trustees in dissolution of a domestic stock insurer...
§ 23-69-155. Liquidation — Mutual member's share of assets - (a) Upon any liquidation of a domestic mutual insurer, its...
§ 23-69-156. Nonactive corporate charter — Nullification - (a) As used in this section, a corporation shall be...
Subchapter 2 - Stock Insurers — Insider Trading
§ 23-69-201. Definition - As used in this subchapter, unless the context otherwise requires,...
§ 23-69-202. Application of §§ 23-69-204 — 23-69-206 to registered equity securities - The provisions of §§ 23-69-204 — 23-69-206 shall not apply...
§ 23-69-203. Application of §§ 23-69-204 — 23-69-206 to foreign or domestic arbitrage transactions - The provisions of §§ 23-69-204 — 23-69-206 shall not apply...
§ 23-69-204. Statement of owners of equity securities, directors, and officers - Every person who is directly or indirectly the beneficial owner...
§ 23-69-205. Prevention of unfair use of information by owners, directors, or officers - (a) For the purpose of preventing the unfair use of...
§ 23-69-206. Restrictions on sale of equity securities - (a) It shall be unlawful for any beneficial owner of...
§ 23-69-207. Equity securities held in an investment account - (a) The provisions of § 23-69-205 shall not apply to...
§ 23-69-208. Rules - (a) The Insurance Commissioner shall have the power to make...
Subchapter 3 - Mutual Insurance Holding Company Act
§ 23-69-301. Title - This subchapter shall be known and may be cited as...
§ 23-69-302. Purpose - (a) (1) The General Assembly finds and declares that it...
§ 23-69-303. Definitions - For purposes of this subchapter, unless the context requires otherwise:...
§ 23-69-304. Formation of mutual insurance holding company - (a) A domestic mutual insurer, upon approval of the Insurance...
§ 23-69-305. Filing of proposed reorganization plan - A domestic mutual insurer shall file a proposed plan of...
§ 23-69-306. Hearings on proposed reorganization plan - The Insurance Commissioner shall conduct a public hearing regarding a...
§ 23-69-307. Approval of proposed reorganization plan - (a) The Insurance Commissioner shall issue an order approving or...
§ 23-69-308. Approval of reorganization plan by policyholders - (a) (1) Within forty-five (45) days after the date of...
§ 23-69-309. Issuance of certificate - (a) The Insurance Commissioner shall issue a certificate of authority...
§ 23-69-310. Appeal of final order - Any person affected by a final order issued under this...
§ 23-69-311. Continuation of corporate existence - Corporate existence of a mutual insurer reorganizing under this subchapter...
§ 23-69-312. Abandonment of reorganization plan - By not less than a two-thirds (2/3) vote of the...
§ 23-69-313. Mergers and acquisitions - (a) Subject to applicable requirements of this subchapter and the...
§ 23-69-314. Membership in a mutual insurance holding company - A membership interest in a mutual insurance holding company does...
§ 23-69-315. Annual statements - A mutual insurance holding company shall: (1) File with the...
§ 23-69-316. Power of Insurance Commissioner to order production of documents - The Insurance Commissioner shall have the power to order production...
§ 23-69-317. Applicability of provisions - Nothing contained in this subchapter shall be construed to prohibit...
§ 23-69-318. Payment of compensation - (a) (1) No director, officer, employee, or agent of the...
§ 23-69-319. Hiring of experts - For purposes of determining whether a plan of reorganization meets...
§ 23-69-320. Disclosure of confidential information - All information, documents, and copies obtained by or disclosed to...
§ 23-69-321. Injunctive orders - Whenever it appears to the Insurance Commissioner that any person...
§ 23-69-322. Promulgation of rules - The Insurance Commissioner may adopt and promulgate rules and issue...
§ 23-69-323. Construction - This subchapter is intended to supplement the Arkansas Insurance Code....
Subchapter 4 - Risk Management and Own Risk Assessment Act
§ 23-69-401. Title - This subchapter shall be known and may be cited as...
§ 23-69-402. Findings and intent - (a) The General Assembly finds that: (1) The Insurance Commissioner...
§ 23-69-403. Definitions - As used in this subchapter: (1) “Insurance group” means an...
§ 23-69-404. Risk management framework - (a) An insurer shall establish and maintain a risk management...
§ 23-69-405. Own risk and solvency assessment — Requirements - Except as provided in § 23-69-407, an insurer or the...
§ 23-69-406. Own risk and solvency assessment summary - (a) (1) (A) Upon request, an insurer shall submit to...
§ 23-69-407. Exemption — Applicability - (a) An insurer is exempt from this subchapter if: (1)...
§ 23-69-408. Own risk and solvency assessment summary report — Content - (a) (1) An own risk and solvency assessment summary report...
§ 23-69-409. Confidentiality - (a) Any documents, materials, or other information, including an own...
§ 23-69-410. Sanctions - (a) An insurer failing without just cause to timely file...