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2012 Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 3 - Insurance
Chapter 72 - Mutual Assessment Life and Disability Insurers
§ 23-72-107 - Pro rata or level assessment plans.


AR Code § 23-72-107 (2012) What's This?

(a) Except as provided in ยง 23-72-118, a mutual assessment insurer may transact insurance on either the pro rata assessment plan only or on the level or stipulated rate plan only.

(b) Each plan shall be governed by the provisions of this chapter made specifically applicable thereto and by those provisions applicable to both plans.

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