General Provisions

  1. Law
  2. Arkansas Code
  3. Public Utilities and Regulated Industries
  4. Insurance
  5. Domestic Stock and Mutual Insurers
  6. General Provisions

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Section
23-69-101

Scope

Section
23-69-102

Definitions

Section
23-69-103

Inapplicability of general corporation statutes

Section
23-69-104

Powers of company not enlarged

Section
23-69-105

Incorporation

Section
23-69-106

Articles of incorporation — Filing and approval

Section
23-69-107

Articles of incorporation — Amendment

Section
23-69-108

Officers

Section
23-69-109

Pecuniary interest of officers, directors, employees, etc

Section
23-69-110

Vacancies on the board of directors

Section
23-69-111

Corporate powers and duties

Section
23-69-112

Initial qualifications — Domestic mutuals

Section
23-69-113

Formation of nonlife mutual insurer — Deposit required

Section
23-69-114

Formation of nonlife mutual insurer — Applications for insurance

Section
23-69-115

Trust deposit of premiums — Issuance of policies — Mutual insurers

Section
23-69-116

Failure to complete organization — Mutual insurers

Section
23-69-117

Additional kinds of insurance — Mutual insurers

Section
23-69-118

Membership — Mutual insurers

Section
23-69-119

Bylaws — Mutual insurers

Section
23-69-120

Meetings of stockholders or members

Section
23-69-121

Stockholders' voting rights

Section
23-69-122

Proxies — Stock insurers

Section
23-69-123

Buying of vote or proxy — Corrupt and dishonest practices prohibited

Section
23-69-124

Contingent liability of nonlife mutual members

Section
23-69-125

Contingent liability and assessability of policies — Mutual insurers

Section
23-69-126

Participating policies

Section
23-69-127

Consideration for stock

Section
23-69-128

Transfer of stock

Section
23-69-129

Dividends to stockholders

Section
23-69-130

Dividends to mutual policyholders

Section
23-69-131

Unauthorized dividends prohibited

Section
23-69-132

Borrowed surplus

Section
23-69-133

Stockholders' liability

Section
23-69-134

Maintenance of home office and records

Section
23-69-135

Evidence of disbursement required

Section
23-69-136

Situs of personal property for taxation

Section
23-69-137

Management and exclusive agency contracts

Section
23-69-138

Impairment of capital or assets

Section
23-69-139

Assessment of stockholders or members

Section
23-69-140

Mutualization of stock insurers

Section
23-69-141

Converting mutual insurer to stock insurer

Section
23-69-142

Mergers and consolidations and acquisition by exchange of stock

Section
23-69-143

Mergers and consolidations — Mutual insurers

Section
23-69-144

Agreement or adoption of plan for merger, consolidation, or plan of exchange of shares

Section
23-69-145

Effect of merger or consolidation

Section
23-69-146

Effect of exchange under plan of exchange

Section
23-69-147

Acquiring and acquired corporations under a plan of exchange to be separate

Section
23-69-148

Nonconsenting stockholders

Section
23-69-149

Assumption reinsurance — Stock insurers

Section
23-69-150

Assumption reinsurance — Mutual insurers

Section
23-69-151

Voluntary dissolution — Procedure

Section
23-69-152

Dissolution — Directors to act as trustees

Section
23-69-153

Dissolution — Continuation for suits and settling business

Section
23-69-154

Voluntary dissolution — Distribution of assets to stockholders

Section
23-69-155

Liquidation — Mutual member's share of assets

Section
23-69-156

Nonactive corporate charter — Nullification