Browse Arkansas Code titles and sections
23-63-1708. No transaction of an insurance business.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-1708. No transaction of an insurance business.
(a) A protected cell company insurance securitization shall not be deemed to be an insurance or reinsurance contract.
(b) An investor in a protected cell company insurance securitization shall not be deemed, by sole means of this investment, to be transacting insurance business in this state.
(c) The underwriters or selling agents and their partners, directors, officers, members, managers, employees, agents, representatives, and advisors involved in a protected cell company insurance securitization shall not be deemed to be conducting an insurance or reinsurance agency, brokerage, intermediary, advisory, or consulting business by virtue of their activities in connection with the protected cell company insurance securitization.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-1708
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.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-63-1708
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3bc82982cdf8b48b935c60328af9918c1243c016475cd3eea6a2eac2473262bc
Source location: content.xml paragraph 34474
Stored source content
23-63-1708. No transaction of an insurance business.
(a) A protected cell company insurance securitization shall not be deemed to be an insurance or reinsurance contract.
(b) An investor in a protected cell company insurance securitization shall not be deemed, by sole means of this investment, to be transacting insurance business in this state.
(c) The underwriters or selling agents and their partners, directors, officers, members, managers, employees, agents, representatives, and advisors involved in a protected cell company insurance securitization shall not be deemed to be conducting an insurance or reinsurance agency, brokerage, intermediary, advisory, or consulting business by virtue of their activities in connection with the protected cell company insurance securitization.
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