Arkansas Statutes
§ 23-73-110 — Legal existence
Arkansas·Title 23
(a)The legal existence of the association begins from the date of the Insurance Commissioner's certificate authorizing it to begin business.
(b)Thereupon the board of directors named in its articles may:
(1)Adopt bylaws which shall be filed with the commissioner within thirty (30) days after adoption;
(2)Accept applications for insurance; and (3) Transact business of the association, except that it shall not insure any property or issue any policies until it has received a certificate of authority to transact insurance as provided for in this chapter.
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Legislative History
Acts 1959, No. 148, § 587; A.S.A. 1947, § 66-4609; Acts 1997, No. 774, § 1.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
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