Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-72-111. Bylaws--Pro rata assessment plan

(1) Shall clearly provide the plan of calling assessments. They may provide for assessment of each group or circle for payment of its own claims, for the assessing of groups or circles in rotation, or for assessing any group or circle, or the entire membership, for the payment of any matured claim; and

(2) May provide for the collection of assessments in advance to be used for the payment of claims and expenses.