Arkansas Statutes
§ 23-77-107 — Certificate of authority - Suspension and revocation
Arkansas·Title 23
(a)The Insurance Commissioner shall suspend or revoke the certificate of authority of an automobile club or association:
(1)If the action is required by any provision of this section or § 23-77-101 , § 23-77-106 , or § 23-77-108 ;
(2)If the automobile club or association no longer meets the requirements for the authority originally granted due to a deficiency in the deposit required by § 23-77-106(d)(1)(A) or the failure to maintain a deposit of securities or other assets acceptable to the commissioner in the amount prescribed by § 23-77-106(d)(1)(A) ; or (3) If the automobile club or association is using such methods or practices in the conduct of its business as to render its further operation in Arkansas hazardous or injurious to the public.
(b)The commissioner shall give the automo
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Legislative History
Acts 1955, No. 377, § 12, as added by Acts 1981, No. 821, § 4; A.S.A. 1947, § 75-1605.1; Acts 2005, No. 506, § 38.
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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