Arkansas Statutes
§ 23-70-101 — Definitions
Arkansas·Title 23
As used in this chapter, unless the context otherwise requires:
(1)"Attorney" refers to the attorney in fact of a reciprocal insurer. The attorney may be an individual, firm, or corporation. The attorney of a foreign or alien reciprocal insurer, which insurer is duly authorized to transact insurance in this state, shall not, by virtue of discharge of its duties as the attorney with respect to the insurer's transactions in this state, be thereby deemed to be doing business in this state within the meaning of any laws of this state applying to foreign firms or corporations;
(2)"Reciprocal" insurance is that resulting from an interexchange among persons, known as "subscribers", of reciprocal agreements of indemnity, the interexchange being effectuated through an "attorney in fact" common to
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Legislative History
Acts 1959, No. 148, §§ 510, 511, 515; A.S.A. 1947, §§ 66-4301, 66-4302, 66-4306.
Nearby Sections
15
§ 23-1-101
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Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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