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23-63-204. Certificate of authority — Eligibility — Combinations of kinds of insurance.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-204. Certificate of authority — Eligibility — Combinations of kinds of insurance.
An insurer which otherwise qualifies therefor may be authorized to transact any one (1) kind or combination of kinds of insurance, as defined in §§ 23-62-101 — 23-62-108, except:
(1) A life insurer shall be authorized to transact in addition only accident and health insurance. However, the Insurance Commissioner shall continue to so authorize any life insurer otherwise qualified that, immediately prior to January 1, 1960, was lawfully authorized to transact in this state kinds of insurance in addition to life and accident and health;
(2) A reciprocal insurer shall not transact life insurance; and
(3) A title insurer shall be a stock insurer.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-204
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:23-63-204
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2e328732bbb3a001c754f2e3ff8d1e33095c5eef6851b4522dc5552defe84115
Source location: content.xml paragraph 31080
Stored source content
23-63-204. Certificate of authority — Eligibility — Combinations of kinds of insurance.
An insurer which otherwise qualifies therefor may be authorized to transact any one (1) kind or combination of kinds of insurance, as defined in §§ 23-62-101 — 23-62-108, except:
(1) A life insurer shall be authorized to transact in addition only accident and health insurance. However, the Insurance Commissioner shall continue to so authorize any life insurer otherwise qualified that, immediately prior to January 1, 1960, was lawfully authorized to transact in this state kinds of insurance in addition to life and accident and health;
(2) A reciprocal insurer shall not transact life insurance; and
(3) A title insurer shall be a stock insurer.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-62-101. Definitions not mutually exclusive.
It is intended that certain insurance coverages may come within the definitions of two (2) or more kinds of insurance as defined in this subchapter and §§ 23-62-201, 23-62-202, 23-62-203, 23-62-204, 23-62-205, and 23-63-701, and the inclusion of the coverage within one (1) definition shall not exclude it as to any other kind of insurance within the definition of which that coverage is reasonably includable.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-62-101
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. The source passage cites 23-62-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-62-108. Title insurance.
As used in the Arkansas Insurance Code, unless the context otherwise requires, “title insurance” is insurance of owners of property or others having an interest therein, or liens or encumbrances thereon, against loss by encumbrance, a defective or invalid title, adverse claim to title, or closing protection.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-62-108
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. The source passage cites 23-62-108. This identifies an authority to review, not proof of applicability.