Arkansas Statutes
§ 23-63-525 — Acquisitions involving insurers not otherwise covered - Definitions
Arkansas·Title 23
The following definitions shall apply for the purposes of §§ 23-63-525 - 23-63-530 only:
(1)"Acquisition" means any agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectly the control of another person, and includes, but is not limited to, the acquisition of voting securities, the acquisition of assets, bulk reinsurance, and mergers; and (2) An "involved insurer" includes an insurer which either acquires or is acquired, is affiliated with an acquirer or acquired, or is the result of a merger.
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Legislative History
Acts 1991, No. 723, § 29.
Nearby Sections
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