Arkansas Statutes

§ 23-68-132 — Assessment prima facie correct - Procedures to collect assessment

Arkansas·Title 23
(a)Any assessment of a subscriber or member of an insurer made by the Insurance Commissioner pursuant to an order of the court fixing the aggregate amount of the assessment against all members or subscribers and approving the classification and formula made by the commissioner under § 23-68-131(a) shall be prima facie correct.
(b)Each member or subscriber shall be notified of the amount of assessment to be paid by him or her by written notice mailed to the address of the member or subscriber last of record with the insurer. Failure of the member or subscriber to receive the notice so mailed, within the time specified therein or at all, shall be no defense in any proceeding to collect the assessment.
(c)If any member or subscriber fails to pay the assessment within the period specified i

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Legislative History

Acts 1959, No. 148, § 670; A.S.A. 1947, § 66-4833.

Nearby Sections

15
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