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Current as of March 28, 2024 | Updated by FindLaw Staff
(a) The legal existence of the association begins from the date of the Insurance Commissioner's certificate authorizing it to begin business.
(b) Thereupon the board of directors named in its articles may:
(1) Adopt bylaws which shall be filed with the commissioner within thirty (30) days after adoption;
(2) Accept applications for insurance; and
(3) Transact business of the association, except that it shall not insure any property or issue any policies until it has received a certificate of authority to transact insurance as provided for in this chapter.
Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-73-110. Beginning date of existence - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-73-110/
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 or via Westlaw before relying on it for your legal needs.
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