Arkansas § 23-72-111 Special provisions of pro rata assessment plan

Arkansas Statutes

§ 23-72-111 — Special provisions of pro rata assessment plan

Arkansas § 23-72-111

Title23

This text of Arkansas § 23-72-111 (Special provisions of pro rata assessment plan) 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. § 23-72-111 (2026).

Text

In addition to the requirements under § 23-72-109 , the bylaws of a pro rata assessment plan insurer:

(1)Shall clearly provide the plan of calling assessments. They may provide for assessment of each group or circle for payment of its own claims, for the assessing of groups or circles in rotation, or for assessing any group or circle, or the entire membership, for the payment of any matured claim; and (2) May provide for the collection of assessments in advance to be used for the payment of claims and expenses.

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In addition to the requirements under § 23-72-109 , the bylaws of a pro rata assessment plan insurer: (1) Shall clearly provide the plan of calling assessments. They may provide for assessment of each group or circle for payment of its own claims, for the assessing of groups or circles in rotation, or for assessing any group or circle, or the entire membership, for the payment of any matured claim; and (2) May provide for the collection of assessments in advance to be used for the payment of claims and expenses.