Ark. Code § 23-69-102

Current with legislation from 2024 Fiscal and Special Sessions.

Section 23-69-102 - Definitions

As used in §§ 23-69-101 - 23-69-103, 23-69-105 - 23-69-141, 23-69-143, and 23-69-149 - 23-69-156, unless the context otherwise requires:

(1) A "stock" insurer is an incorporated insurer with capital divided into shares and owned by its stockholders; and

(2) A "mutual" insurer is an incorporated insurer without permanent capital stock and the governing body of which is elected as provided in §§ 23-69-101 - 23-69-103, 23-69-105 - 23-69-141, 23-69-143, and 23-69-149 - 23-69-156.

Ark. Code § 23-69-102

Acts 1959, No. 148, §§ 454, 455; A.S.A. 1947, §§ 66-4202, 66-4203.