Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of March 28, 2024 | Updated by Findlaw Staff
(a) The principles expressed in subsection (b) of this section shall serve as standards to be followed by the Insurance Commissioner in:
(1) Exercising the commissioner's powers and duties;
(2) Exercising administrative discretion;
(3) Dispensing administrative interpretations of the law; and
(4) Adopting rules.
(b) Policyholders have the right to:
(1) Competitive pricing practices and marketing methods that enable them to determine the best value among comparable policies;
(2) Insurance advertising and other selling approaches that provide accurate and balanced information on the benefits and limitations of a policy;
(3) An insurer that is financially stable;
(4) Be serviced by a competent, honest insurance producer;
(5) A readable policy;
(6) An insurer that provides an economic delivery of coverage and that tries to prevent losses;
(7) Balanced and positive regulation by the State Insurance Department; and
(8) A reasonable expectation that the policyholder's nonpublic personal information is securely maintained.
(c) This section shall not be construed as creating, extinguishing, repealing, or limiting any civil cause of action.
Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-61-115. Policyholder's Bill of Rights - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-61-115/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)