Ark. Code Ann. § 23-63-513
Control of or merger with domestic insurer - Violations
Year: 2026Length: 150 words
The following shall be violations of §§ 23-63-506 - 23-63-513 : (1) The failure to file any statement, amendment, or other materials required to be filed pursuant to § 23-63-506 or § 23-63-508 ; or (2) The effectuation or any attempt to effectuate an acquisition of control of, or merger with, a domestic insurer unless the Insurance Commissioner has given his or her approval thereto. Acts 1971, No. 288, § 5; A.S.A. 1947, § 66-5005.
The following shall be violations of §§ 23-63-506 - 23-63-513 :
(1) The failure to file any statement, amendment, or other materials required to be filed pursuant to § 23-63-506 or § 23-63-508 ; or
(2) The effectuation or any attempt to effectuate an acquisition of control of, or merger with, a domestic insurer unless the Insurance Commissioner has given his or her approval thereto.
Acts 1971, No. 288, § 5; A.S.A. 1947, § 66-5005.