Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 72 - MUTUAL ASSESSMENT LIFE AND DISABILITY INSURERS (§§ 23-72-101 — 23-72-122) › Section 23-72-103 - Other provisions applicable

In addition to the provisions contained in this chapter, other chapters and provisions of the Arkansas Insurance Code shall apply to mutual assessment life and disability insurers, to the extent so applicable, as follows:
(1)
Sections
23-60-101
-
23-60-108
and
23-60-110
, scope of Arkansas Insurance Code;
(2)
Section
23-61-101
et seq., §
23-61-201
et seq., and §
23-61-301
et seq., the Insurance Commissioner;
(3)
Sections
23-63-102
-
23-63-104
,
23-63-201
-
23-63-216
,
23-63-301
, and
23-63-302
, authorization of insurers and general requirements, with the exception of the following sections:
(A)
Section
23-63-205
, capital funds required;
(B)
Section
23-63-207
, special surplus requirement; and
(C)
Section
23-63-206
, bond or deposit requirement;
(4)
Applicable provisions of §
23-63-601
et seq., assets and liabilities;
(5)
Applicable provisions of §
23-63-801
et seq., investments;
(6)
Section
23-64-101
et seq., agents, brokers, and producers;
(7)
Section
23-65-101
et seq., unauthorized insurers;
(8)
Sections
23-66-201
-
23-66-213
,
23-66-301
-
23-66-306
,
23-66-308
-
23-66-311
,
23-66-313
,
23-66-314
, and
23-66-501
-
23-66-513
, trade practice and frauds;
(9)
Sections
23-79-101
-
23-79-107
,
23-79-109
-
23-79-128
,
23-79-131
-
23-79-134
, and
23-79-202
-
23-79-210
, the insurance contract, except:
(A)
Sections
23-79-131
-
23-79-134
, exemption of proceeds;
(B)
Section
23-79-204
, venue; and
(C)
Section
23-79-205
, registered agents for service of process;
(10)
The following provisions of §§
23-69-101
-
23-69-103
,
23-69-105
-
23-69-141
,
23-69-143
, and
23-69-149
-
23-69-156
, organization and corporate procedures of domestic stock and mutual insurers:
(A)
Section
23-69-103
, inapplicability of general corporation statutes;
(B)
Section
23-69-107
, amendment of articles of incorporation;
(C)
Section
23-69-111
, corporate powers in general;
(D)
Section
23-69-111
, contributions;
(E)
Section
23-69-120
, meetings of stockholders or members;
(F)
Section
23-69-123
, corrupt practices - penalty;
(G)
Section
23-69-110
, removal of director - vacancies;
(H)
Section
23-69-108
, officers;
(I)
Section
23-69-109
, prohibited pecuniary interest of officials;
(J)
Section
23-69-134
, home office and records and penalty for unlawful removal of records;
(K)
Section
23-69-135
, voucher for expenditures;
(L)
Section
23-69-136
, situs of personal property for taxation;
(M)
Section
23-69-137
, management and exclusive agency contracts;
(N)
Sections
23-69-151
-
23-69-154
, voluntary dissolution;
(O)
Section
23-69-155
, mutual member's share of assets on liquidation; and
(P)
Section
23-69-156
, extinguishment of unused corporate charters;
(11)
Applicable provisions of §
23-68-101
et seq., rehabilitation and liquidation; and
(12)
Section
23-62-205
, reinsurance.
Amended by Act 2021, No. 367,§ 18, eff. 7/28/2021.
Acts 1959, No. 148, § 578; A.S.A. 1947, § 66-4523; Acts 1991, No. 804, § 3; 2001, No. 1566, § 15.