Arkansas Statutes

§ 23-69-102 — Definitions

Arkansas·Title 23

As used in §§ 23-69-101 - 23-69-103 , 23-69-105 - 23-69-141 , 23-69-143 , and 23-69-149 - 23-69-156 , unless the context otherwise requires:

(1)A "stock" insurer is an incorporated insurer with capital divided into shares and owned by its stockholders; and (2) A "mutual" insurer is an incorporated insurer without permanent capital stock and the governing body of which is elected as provided in §§ 23-69-101 - 23-69-103 , 23-69-105 - 23-69-141 , 23-69-143 , and 23-69-149 - 23-69-156 .

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Legislative History

Acts 1959, No. 148, §§ 454, 455; A.S.A. 1947, §§ 66-4202, 66-4203.

Nearby Sections

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