Ark. Code Ann. § 23-90-110

Arkansas Property and Casualty Advisory Association — Right of officers, directors, and employees to contract — Interested parties

Known as the Arkansas Property and Casualty Insurance Guaranty Act

The act spans §§ 23–23 (23 sections).

Acts 1977, No. 871, § 14; 1983, No. 522, § 39; A.S.A. 1947, § 66-5514.

(1) Any insurer that has an officer, director, or employee serving as a member of the Arkansas Property and Casualty Advisory Association shall not lose the right to negotiate for and enter into contracts of reinsurance or assumption of liability or contracts of substitution to provide for liabilities for covered claims with the receiver of an insolvent insurer. The entering into any contract shall not be deemed a conflict of interest.

(2) The association or any insurer assessed under this chapter shall be an interested party under § 23-68-118.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.