§ 23-73-104 — Other provisions applicable

In addition to the provisions of this chapter, farmers' mutual aid companies or associations shall also be subject to the following chapters and provisions of the Arkansas Insurance Code to the extent so applicable: (1) Sections 23-60-101 - 23-60-108 and 23-60-110 , scope of Arkansas Insurance Code; (2) Section 23-61-101 et seq., § 23-61-201 et seq., and § 23-61-301 et seq., the Insurance Commissioner; (3) Section 23-65-101 et seq., unauthorized insurers; (4) Sections 23-66-201 - 23-66-213 , 23-66-301 - 23-66-306 , 23-66-308 - 23-66-311 , 23-66-313 , 23-66-314 , and 23-66-501 - 23-66-513 , trade practices and frauds; (5) Section 23-79-208 , suits against insurers - damages and attorney's fees, loss claims; (6) Sections 23-68-101 - 23-68-113 and 23-68-115 - 23-68-132 , rehabilitation and liquidation; (7) Provisions of § 23-63-601 et seq., assets and reserves and valuation of assets; (8) Sections 23-63-801 - 23-63-833 and 23-63-835 , investments; (9) Section 23-62-205 , reinsurance; (10) Section 23-69-134 , maintenance of home office and records; (11) Section 23-64-101 et seq., agents, brokers, solicitors, adjusters, and consultants. However, company or association officers and directors that also act as agents for their companies or associations shall not be required to license as agents, if the officers and directors do not receive commissions for policy sales; (12) Sections 23-61-701 - 23-61-705 , State Insurance Department Trust Fund fees; (13) Section 23-79-109 , filing and approval of forms; (14) Sections 23-88-101 , valued policy law and 23-88-102 , paying costs of volunteer fire department services; and (15) Section 23-63-201 et seq., authority to do business.

Legislative History

Amended by Act 2021, No. 367,§ 19, eff. 7/28/2021. Amended by Act 2019, No. 521,§ 21, eff. 7/24/2019. Acts 1959, No. 148, § 593; 1979, No. 942, § 18; A.S.A. 1947, § 66-4615; Acts 1991, No. 804, § 4; 1997, No. 774, § 1; 2001, No. 1566, § 17.