Ark. Code Ann. § 23-70-119

Aggregate liability

Year: 2026Length: 148 words
No one (1) policy or subscriber as to the policy shall be assessed or charged with an aggregate of contingent liability as to obligations incurred by a domestic reciprocal insurer in any one (1) calendar year in excess of the amount provided for in the power of attorney or in the subscribers' agreement, computed solely upon premium earned on the policy during that year. Acts 1959, No. 148, § 534; A.S.A. 1947, § 66-4325. No one (1) policy or subscriber as to the policy shall be assessed or charged with an aggregate of contingent liability as to obligations incurred by a domestic reciprocal insurer in any one (1) calendar year in excess of the amount provided for in the power of attorney or in the subscribers' agreement, computed solely upon premium earned on the policy during that year. Acts 1959, No. 148, § 534; A.S.A. 1947, § 66-4325.
Ark. Code Ann. § 23-70-119: Aggregate liability | Justis AI