23-63-103. Retaliation for unjustified refusal to permit business because of similar name.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-63-103. Retaliation for unjustified refusal to permit business because of similar name.

23-63-103. Retaliation for unjustified refusal to permit business because of similar name. Whenever any other state or foreign country refuses to permit any life insurer domiciled in Arkansas to enter in and transact insurance in the state or country upon the grounds that the name of the Arkansas insurer is the same or similar to the name of a life insurer domiciled in the other state or country, the Insurance Commissioner, if satisfied that no such similarity of names actually exists, that the refusal is unjustified, and that the Arkansas insurer should be permitted to do business in the other state or country, may, in his or her discretion, suspend or revoke the certificate of authority in Arkansas of that life insurer domiciled in the other state or country whose name has been so declared to be similar to that of the Arkansas insurer.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-103

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.