23-77-105. Authority of Insurance Commissioner to grant certificates of authority and conduct hearings.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-77-105. Authority of Insurance Commissioner to grant certificates of authority and conduct hearings.

23-77-105. Authority of Insurance Commissioner to grant certificates of authority and conduct hearings. (a)(1) The Insurance Commissioner shall have full and complete authority to grant certificates of authority to automobile clubs or associations, to revoke the certificates, and to prescribe such rules as are reasonably necessary for the conduct of the business of the automobile clubs or associations within the state and for carrying out the objects and purposes of this chapter. (2) In determining if a certificate of authority shall be issued, the commissioner shall take into consideration, along with all other factors, the name of the automobile club or association. If the name will interfere with the transactions of an automobile club or association already doing business in this state or is so similar to one already appropriated as to confuse or likely to mislead the public in any respect, the commissioner shall refuse to issue a certificate of authority. (b) The commissioner shall also have authority to conduct hearings as now provided under the insurance laws of the state.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-77-105

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.