Title 29 — Insurance and Insurance Companies
6 chapters · 124 sections in this title.
A.S.C.A. § 29.0401 Short title
0.1K chars
This chapter may be cited as the “Uniform Unauthorized Insurers Act”. History: 1974, PL 13-58 § 1.
A.S.C.A. § 29.0402 Interpretation and construction
0.2K chars
This chapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states and territories which enact it. History: 1974, PL 13-58 § 1.
A.S.C.A. § 29.0403 Representing or placing insurance with unauthorized insurers prohibited
0.3K chars
No person, corporation, association or partnership may, in this Territory, act as agent for any insurer not authorized to transact business in this Territory, or negotiate for or place or aid in placing insurance coverage in this Territory for another with any such insurer. Histo…
A.S.C.A. § 29.0404 Aiding unauthorized insurers prohibited
0.4K chars
No person, corporation, association, or partnership may, in this Territory, aid any unauthor-ized insurer in adjusting insurance or in transacting insurance business in this territory, either by fixing rates, by adjusting or investigating losses, by inspecting or examining risks,…
A.S.C.A. § 29.0405 Representing or aiding insured in effecting insurance on property or risk in unauthorized state
0.5K chars
No person, corporation, association, or partnership may make, negotiate for or place, or aid in negotiating or placing, any insurance contract in this territory for another who is an applicant for insurance covering any property or risk in another state, territory, or district of…
A.S.C.A. § 29.0406 Exceptions
0.6K chars
The provisions of 29.0403 through 29.0405 do not apply to contracts of reinsurance or to contracts of insurance covering risks of transportation and navigation, or to contracts of insurance made through authorized surplus line brokers or agents, nor do they apply to an insurer no…
A.S.C.A. § 29.0407 Service of process-Interpretation
0.8K chars
The transacting of business in this territory by a foreign or alien insurer without a certificate of authority and the issuance or deliver by such foreign or alien insurer of a policy or contract of insurance to a citizen of this Territory or to a resident hereof, or to a corpora…
A.S.C.A. § 29.0408 Service of process-Procedure and payment of fees
1.4K chars
Service of process shall be made by delivering and leaving with the Commissioner, or to some person in apparent charge of his office, 2 copies thereof and the payment to him of such fees as may be prescribed by law. The Commissioner shall forthwith mail by registered mail one of …
A.S.C.A. § 29.0409 Service of process-Validity
1.1K chars
Service of process in any such action, suit or proceedings is, in addition to the manner pro-vided in 29.0408, valid if served upon any person within this Territory who, in this Territory, on behalf of such insurer, is soliciting insurance, making any contract of insurance or iss…
A.S.C.A. § 29.0410 Service of process-Limitation or abridgement of rights
0.2K chars
Nothing in 29.0407 through 29.0409 limits or abridges the right to serve any process, notice or demand upon any insurer in any other manner now or hereafter permitted by law. History: 1974, PL 13-58 § 1.
A.S.C.A. § 29.0411 Certificate of authority required
0.4K chars
No unauthorized insurer may institute or file, or cause to be instituted or filed, any suit, action or proceedings in this Territory to enforce any right, claim or demand arising out of the transaction of business in this Territory until such insurer has obtained a certificate of…
A.S.C.A. § 29.0412 Defense of action by unauthorized insurer
1.4K chars
(a) Before any unauthorized insurer may file or cause to be filed any pleading in any action, suit or proceeding instituted against it, such unauthorized insurer shall either: (1) file with the clerk of the High Court a bond with good and sufficient sureties, to be approved by th…
A.S.C.A. § 29.0413 Violation-Penalty
0.3K chars
Any person violating 29.0403 through 29.0412 is guilty of a class B misdemeanor and shall upon conviction be sentenced accordingly. History: 1974, PL 13-58 § 1; amd 1980, PL 16-90 § 26. Amendments: 1980 Amended to conform with penalties provided for in Title 46, Criminal Justice.…