Arkansas Statutes

§ 23-72-116 — Pro rata plan insurer - Reclassification and rearrangement of members

Arkansas § 23-72-116

This text of Arkansas § 23-72-116 (Pro rata plan insurer - Reclassification and rearrangement of members) 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. § 23-72-116 (2026).

Text

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

15
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Bluebook (online)
Arkansas § 23-72-116, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/23-72-116.