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2017 Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 3 - Insurance
Chapter 73 - Farmers' Mutual Aid Associations
§ 23-73-110. Legal existence
Universal Citation: AR Code § 23-73-110 (2017)
- (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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