Browse Arkansas Code titles and sections
23-101-104. Prohibited coverages.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-101-104. Prohibited coverages.
(a) Creditor-placed insurance coverage shall not include:
(1) Coverage for the cost of repossession;
(2) Skip, confiscation, and conversion coverage;
(3) Coverage for payment of mechanics' or other liens that do not arise from a covered loss occurrence;
(4) Coverage that requires a debtor's insurance deductible to be less than two hundred fifty dollars ($250); or
(5) Coverage that is broader than the insurance coverages that meet the minimum insurance requirements of the credit agreement.
(b) Nothing in this section shall be deemed to prohibit the issuance of a separate policy or endorsement providing the coverages listed in subsection (a) of this section. However, no charge shall be passed along to the debtor for the coverages.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-101-104
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:23-101-104
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2322ab597900ef374ad628db53cfebbe46d6862bf5fb9556e873ac5cb992661a
Source location: content.xml paragraph 60259
Stored source content
23-101-104. Prohibited coverages.
(a) Creditor-placed insurance coverage shall not include:
(1) Coverage for the cost of repossession;
(2) Skip, confiscation, and conversion coverage;
(3) Coverage for payment of mechanics' or other liens that do not arise from a covered loss occurrence;
(4) Coverage that requires a debtor's insurance deductible to be less than two hundred fifty dollars ($250); or
(5) Coverage that is broader than the insurance coverages that meet the minimum insurance requirements of the credit agreement.
(b) Nothing in this section shall be deemed to prohibit the issuance of a separate policy or endorsement providing the coverages listed in subsection (a) of this section. However, no charge shall be passed along to the debtor for the coverages.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
No explicit source connection was found. This does not mean there are no relevant authorities.