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23-63-525. Acquisitions involving insurers not otherwise covered — Definitions.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-525. Acquisitions involving insurers not otherwise covered — Definitions.
The following definitions shall apply for the purposes of §§ 23-63-525 — 23-63-530 only:
(1) “Acquisition” means any agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectly the control of another person, and includes, but is not limited to, the acquisition of voting securities, the acquisition of assets, bulk reinsurance, and mergers; and
(2) An “involved insurer” includes an insurer which either acquires or is acquired, is affiliated with an acquirer or acquired, or is the result of a merger.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-525
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:23-63-525
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 15d318bb22f86153fe5a81db2a172cb1077befb23b6441a11ed9e925fab2967a
Source location: content.xml paragraph 31955
Stored source content
23-63-525. Acquisitions involving insurers not otherwise covered — Definitions.
The following definitions shall apply for the purposes of §§ 23-63-525 — 23-63-530 only:
(1) “Acquisition” means any agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectly the control of another person, and includes, but is not limited to, the acquisition of voting securities, the acquisition of assets, bulk reinsurance, and mergers; and
(2) An “involved insurer” includes an insurer which either acquires or is acquired, is affiliated with an acquirer or acquired, or is the result of a merger.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-530. Acquisitions involving insurers not otherwise covered — Inapplicable provisions.
Sections 23-63-520 and 23-63-523 do not apply to acquisitions covered under § 23-63-526.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-530
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 23-63-530. This identifies an authority to review, not proof of applicability.