Arkansas Statutes

§ 23-72-110 — Filing and amendment of bylaws

Arkansas·Title 23
(a)The insurer shall promptly file a copy of its bylaws, duly certified by its president and secretary, with the Insurance Commissioner.
(b)No amendment of bylaws shall be valid and binding upon the insurer's members until a certified copy of the amendment has been on file with the commissioner for a period of at least ten (10) days.
(c)No amendment of an insurer's bylaws affecting rates shall be effective unless and until approved by the commissioner as being reasonable or necessary.

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Legislative History

Acts 1959, No. 148, § 565; A.S.A. 1947, § 66-4510.

Nearby Sections

15
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