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23-66-203. Definitions.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-66-203. Definitions.
As used in this subchapter:
(1) “Commissioner” means the Insurance Commissioner of this state;
(2)(A) “Depository institution” means a bank or savings association.
(B) The terms “depository institution” or “depository corporation” do not include an insurance company;
(3) “Insurance policy” or “insurance contract” means any contract of insurance, indemnity, medical or hospital service, suretyship, or annuity which is issued, proposed for issuance, or intended for issuance by any person; and
(4)(A) “Person” means any individual, corporation, association, partnership, reciprocal exchange, interinsurer, Lloyd's insurer, fraternal benefit society, and any other legal entity engaged in the business of insurance, including agents, brokers, and adjusters.
(B)(i) “Person” also means medical service plans and hospital service plans as defined in § 23-75-101.
(ii) For purposes of this subchapter, medical and hospital service plans shall be deemed to be engaged in the business of insurance.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-66-203
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:23-66-203
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 881459c534a3fe9d1efe50cc029ca6c44733c71d462d6bff0b189aa7a48455af
Source location: content.xml paragraph 37567
Stored source content
23-66-203. Definitions.
As used in this subchapter:
(1) “Commissioner” means the Insurance Commissioner of this state;
(2)(A) “Depository institution” means a bank or savings association.
(B) The terms “depository institution” or “depository corporation” do not include an insurance company;
(3) “Insurance policy” or “insurance contract” means any contract of insurance, indemnity, medical or hospital service, suretyship, or annuity which is issued, proposed for issuance, or intended for issuance by any person; and
(4)(A) “Person” means any individual, corporation, association, partnership, reciprocal exchange, interinsurer, Lloyd's insurer, fraternal benefit society, and any other legal entity engaged in the business of insurance, including agents, brokers, and adjusters.
(B)(i) “Person” also means medical service plans and hospital service plans as defined in § 23-75-101.
(ii) For purposes of this subchapter, medical and hospital service plans shall be deemed to be engaged in the business of insurance.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-75-101. Definition.
(a) As used in this chapter, “hospital service corporations”, “medical service corporations”, and “hospital and medical service corporations” are corporations organized under the laws of this state for the purpose of establishing, maintaining, and operating nonprofit hospital service or medical service plans, or combination of plans, whereby hospital, medical, and related services may be provided by hospitals, physicians, or others with which the corporations have contracted for the purposes, to such of the public as become subscribers to the corporations under contracts which entitle each subscriber to certain hospital or medical services or benefits, or both.
(b) This section shall not be deemed to prohibit issuance, by corporations so authorized as of immediately prior to January 1, 1960, of contracts providing for the payment of cash indemnities for hospital, medical, or related services instead of providing for hospital or medical benefits on a service basis or from issuing contracts providing for a combination of indemnity and service benefits.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-75-101
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 23-75-101. This identifies an authority to review, not proof of applicability.