Arkansas Statutes
§ 23-72-116 — Pro rata plan insurer - Reclassification and rearrangement of members
Arkansas·Title 23
A pro rata assessment plan insurer has power at any time to reclassify, transfer, or rearrange its members, to merge or unite circles or groups; and to unite into one (1) group or circle two (2) or more groups or circles, the membership of which has decreased below the maximum. The insurer shall not start a new group or circle so long as any other group or circle is not up to maximum. All groups and circles shall be kept up to the maximum.
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Legislative History
Acts 1959, No. 148, § 571; A.S.A. 1947, § 66-4516.
Nearby Sections
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Copies of official papers as evidence§ 23-1-115
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