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23-96-103. Construction — Applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-96-103. Construction — Applicability.
(a) This chapter shall be construed to effect the purpose under § 23-96-102.
(b) This chapter shall not be construed to reduce the liability for unpaid assessments of the insureds of an impaired or insolvent insurer operating under a plan with assessment liability.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-96-103
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:23-96-103
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b23146ee4e841d10031cb657a989d94d3ff80558de4e29f96a53ac78fbadbd1c
Source location: content.xml paragraph 57189
Stored source content
23-96-103. Construction — Applicability.
(a) This chapter shall be construed to effect the purpose under § 23-96-102.
(b) This chapter shall not be construed to reduce the liability for unpaid assessments of the insureds of an impaired or insolvent insurer operating under a plan with assessment liability.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-96-102. Purpose.
(a) The purpose of this chapter is to protect, subject to certain limitations, the persons specified in § 23-96-107(a) against failure in the performance of contractual obligations under life and health and annuity policies, plans, or contracts specified in § 23-96-107(b) because of the impairment or insolvency of the member insurer that issued the policies, plans, or contracts.
(b) To provide this protection, an association of member insurers is created to pay benefits and to continue coverages as limited in this chapter, and members of the association are subject to assessment to provide funds to carry out the purpose of this chapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-96-102
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 23-96-102. This identifies an authority to review, not proof of applicability.