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23-74-605. Foreign or alien society — Admission.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-74-605. Foreign or alien society — Admission.
(a) No foreign or alien society shall transact business in this state without a license issued by the Insurance Commissioner. Any such society desiring admission to this state shall comply substantially with the requirements and limitations of this chapter applicable to domestic societies. Any such society may be licensed to transact business in this state:
(1) Upon filing with the commissioner:
(A) A duly certified copy of its articles of incorporation;
(B) A copy of its bylaws, certified by its secretary or corresponding officer;
(C) A power of attorney as prescribed in § 23-74-701;
(D) A statement of its business under oath of its president and secretary or corresponding officers in a form prescribed by the commissioner, duly verified by an examination made by the supervising insurance official of its home state or other state, territory, province, or country, satisfactory to the commissioner of this state;
(E) Certification from the proper official of its home state, territory, province, or country that the society is legally incorporated and licensed to transact business therein;
(F) Copies of its certificate forms; and
(G) Such other information as the commissioner may deem necessary; and
(2) Upon showing that its assets are invested in accordance with the provisions of this chapter.
(b) Any foreign or alien society desiring admission to the state shall have the qualifications required of domestic societies organized under this chapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-74-605
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:23-74-605
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 2725d694e13cc0b2a128ab7d47c394595e97fd3c20a9cc4a78d7713648939139
Source location: content.xml paragraph 42997
Stored source content
23-74-605. Foreign or alien society — Admission.
(a) No foreign or alien society shall transact business in this state without a license issued by the Insurance Commissioner. Any such society desiring admission to this state shall comply substantially with the requirements and limitations of this chapter applicable to domestic societies. Any such society may be licensed to transact business in this state:
(1) Upon filing with the commissioner:
(A) A duly certified copy of its articles of incorporation;
(B) A copy of its bylaws, certified by its secretary or corresponding officer;
(C) A power of attorney as prescribed in § 23-74-701;
(D) A statement of its business under oath of its president and secretary or corresponding officers in a form prescribed by the commissioner, duly verified by an examination made by the supervising insurance official of its home state or other state, territory, province, or country, satisfactory to the commissioner of this state;
(E) Certification from the proper official of its home state, territory, province, or country that the society is legally incorporated and licensed to transact business therein;
(F) Copies of its certificate forms; and
(G) Such other information as the commissioner may deem necessary; and
(2) Upon showing that its assets are invested in accordance with the provisions of this chapter.
(b) Any foreign or alien society desiring admission to the state shall have the qualifications required of domestic societies organized under this chapter.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-74-701. Service of process — Registered agent.
(a)(1) Every society authorized to do business in this state shall appoint in writing to the Insurance Commissioner an Arkansas resident as its registered agent to be its true and lawful attorney upon whom all lawful process in any action or proceeding against it shall be served, and shall agree in such a writing that any lawful process against it that is served on the attorney shall be of the same legal force and validity as if served upon the society, and that the authority shall continue in force so long as any liability remains outstanding in this state.
(2) Copies of the registration, certified by the commissioner, shall be deemed sufficient evidence thereof and shall be admitted in evidence with the same force and effect as the original thereof might be admitted.
(b) On or after January 1, 2003, service shall be made upon the registered agent listed with the commissioner in the manner provided in §§ 23-63-301 — 23-63-304, except that no service of legal process shall require a society to file its answer, pleading, or defense in less than thirty (30) calendar days after the date of service upon its registered agent in this state.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-74-701
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 23-74-701. This identifies an authority to review, not proof of applicability.