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23-90-110. Arkansas Property and Casualty Advisory Association — Right of officers, directors, and employees to contract — Interested parties.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-90-110. Arkansas Property and Casualty Advisory Association — Right of officers, directors, and employees to contract — Interested parties.
(a) Any insurer that has an officer, director, or employee serving as a member of the Arkansas Property and Casualty Advisory Association shall not lose the right to negotiate for and enter into contracts of reinsurance or assumption of liability or contracts of substitution to provide for liabilities for covered claims with the receiver of an insolvent insurer. The entering into any contract shall not be deemed a conflict of interest.
(b) The association or any insurer assessed under this chapter shall be an interested party under § 23-68-118.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-90-110
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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Stable record: arkansas_code:legal_authorities:23-90-110
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b6ba727018abd59d49c5a53b41a0f861616aecfb56574d08f0d91f72a156ebf1
Source location: content.xml paragraph 55029
Stored source content
23-90-110. Arkansas Property and Casualty Advisory Association — Right of officers, directors, and employees to contract — Interested parties.
(a) Any insurer that has an officer, director, or employee serving as a member of the Arkansas Property and Casualty Advisory Association shall not lose the right to negotiate for and enter into contracts of reinsurance or assumption of liability or contracts of substitution to provide for liabilities for covered claims with the receiver of an insolvent insurer. The entering into any contract shall not be deemed a conflict of interest.
(b) The association or any insurer assessed under this chapter shall be an interested party under § 23-68-118.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-68-118. Form of claim — Notice — Hearing.
(1) All claims against an insurer against which delinquency proceedings have been begun shall set forth in reasonable detail the amount of the claim, or the basis upon which such amount can be ascertained, the facts upon which the claim is based, and the priorities asserted, if any. All such claims shall be verified by the affidavit of the claimant, or someone authorized to act on his or her behalf and having knowledge of the facts, and shall be supported by such documents as may be material thereto.
(2) All claims filed in this state shall be filed with the receiver, whether domiciliary or ancillary, in this state, on or before the last date for filing as specified in this chapter.
(3) Within ten (10) days of the receipt of any claim, or within such further period as the court may, for good cause shown, fix, the receiver shall report the claim to the court, specifying in such report his or her recommendation with respect to the action to be taken thereon. Upon receipt of such report, the court shall fix a time for hearing the claim and shall direct that the claimant or the receiver, as the court shall specify, shall give such notice as the court shall determine to such persons as shall appear to the court to be interested therein. All such notices shall specify the time and place of the hearing and shall concisely state the amount and nature of the claim, the priorities asserted, if any, and the recommendation of the receiver with reference thereto.
(4) At the hearing, all persons interested shall be entitled to appear, and the court shall enter an order allowing, allowing in part, or disallowing the claim. Any such order shall be deemed to be an appealable order.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-68-118
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 23-68-118. This identifies an authority to review, not proof of applicability.