Title 23 — Public Utilities and Regulated Industries
95 chapters · 4,024 sections in this title.
Ark. Code Ann. § 23-95-101 Purpose
0.5K chars
The purpose of this chapter is to provide for the establishment of risk-sharing plans for property or casualty insurance if the Insurance Commissioner determines that the insurance is not reasonably available in the voluntary market for the citizens of this state. This chapter is…
Ark. Code Ann. § 23-95-102 Construction
0.2K chars
This chapter shall be deemed cumulative of prior laws, and no prior law or part of a law shall be deemed to be in conflict with this chapter unless failure to so determine would prevent giving effect to an explicit provision of this chapter.
Ark. Code Ann. § 23-95-103 Governing board
0.8K chars
(1) There is created a governing board of seven (7) members to be appointed by the Insurance Commissioner which shall meet as necessary to review and prescribe operating procedures and rules to implement any plan promulgated pursuant to this chapter. The board shall be composed o…
Ark. Code Ann. § 23-95-104 Plan for coverage — Requirement
3.7K chars
(a) (1) If the Insurance Commissioner finds after a hearing that in all or in any part of this state, any amount or kind of insurance authorized by §§ 23-62-104 and 23-62-105 is not reasonably available in the voluntary market and that the public interest requires the availabilit…
Ark. Code Ann. § 23-95-105 Plan for coverage — Contents
4.3K chars
(a) Each plan promulgated or prepared pursuant to § 23-95-104 shall:(1) Give consideration to:(A) The need for adequate and readily accessible coverage;(B) Optional methods of improving the market affected;(C) The inherent limitations of the insurance mechanism;(D) The need for r…
Ark. Code Ann. § 23-95-106 Information for individuals
0.3K chars
Every participating insurer and agent shall provide to any person seeking the insurance available in each plan information about the services prescribed in the plan, including full information on the requirements and procedures for obtaining insurance under the plan.
Ark. Code Ann. § 23-95-107 No liability in creating plan
0.3K chars
There shall be no liability on the part of and no cause of action shall arise against the Insurance Commissioner, his or her representatives, or any plan, its participants, or its employees for any good faith action taken by them in the performance of their powers and duties in c…
Ark. Code Ann. § 23-95-108 Rules
0.1K chars
The Insurance Commissioner shall have the authority to promulgate rules necessary to effectuate the purpose of this chapter.