Act 123 Of 1981

.ENE T4 • • L_ 0 YI W. H. L. Woodyard III Insurance Commissioner ARKANSAS INSURANCE DEPARTMENT 400 University Tower Building ■ Little Rock, Arkansas 72204 July 31, 1981 BULLETIN NO. 13-81 TO: ALL PROPERTY & CASUALTY INSURERS LICENSED IN THE STATE OF ARKANSAS FROM: INSURANCE CCM4ISSIONER OF THE STATE OF ARKANSAS RE: ACT 123 OF 1981 Ph. 501 371-1325 Act 123 of 1981 requires that insurers entering into an insurance contract against fire loss with an insured, disclose to the insured that authorized agencies will be notified if the insurer has reason to believe the loss is other than accidental. Disclosure is required at the time the fire insurance is written and at the time of reporting to the authorized agency. The purpose of this Bulletin is to notify insurers that the Department will not require them to submit for approval or Department acknowledgement any proposed disclosure forms or notices which are designed to comply with Section 3(d)(1) of Act 123 of 1981. 4.9/7 . A!7- „ L. Woo yar , III Insurance Commi sioner AN AGENCY OF THE ARKANSAS DEPARTMENT OF COMMERCE An equal opportunity employer