Arkansas § 23-72-106 Refusal, suspension, or revocation of certificate of authority

Arkansas Statutes

§ 23-72-106 — Refusal, suspension, or revocation of certificate of authority

Arkansas § 23-72-106

Title23

This text of Arkansas § 23-72-106 (Refusal, suspension, or revocation of certificate of authority) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-72-106 (2026).

Text

The Insurance Commissioner shall refuse to continue or shall suspend or revoke the certificate of authority of any such insurer for any of the following causes:

(1)If, during the preceding calendar year, the insurer scaled and reduced its accrued beneficial claims by reason of insufficient yield of assessment or revenues;

(2)If the insurer has exceeded its powers;

(3)If the insurer has surplus of less than ten thousand dollars ($10,000) or has fewer than two thousand (2,000) members regularly paying their assessments; or (4) For other causes specified in §§ 23-63-212 and 23-63-213 .

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The Insurance Commissioner shall refuse to continue or shall suspend or revoke the certificate of authority of any such insurer for any of the following causes: (1) If, during the preceding calendar year, the insurer scaled and reduced its accrued beneficial claims by reason of insufficient yield of assessment or revenues; (2) If the insurer has exceeded its powers; (3) If the insurer has surplus of less than ten thousand dollars ($10,000) or has fewer than two thousand (2,000) members regularly paying their assessments; or (4) For other causes specified in §§ 23-63-212 and 23-63-213 .