Ark. Code § 23-90-104

Current with legislation from 2024 Fiscal and Special Sessions.

Section 23-90-104 - Applicability - Exceptions

This chapter shall apply to all kinds of direct insurance written by insurers licensed to transact insurance in this state but shall not be applicable to the following:

(1) Life, annuity, health, or accident and health insurance;

(2) Mortgage guaranty, financial guaranty, or other form of insurance offering protection against investment risks;

(3) Bail bonds or appearance bonds as defined in or otherwise referenced in § 17-19-101 et seq.;

(4) Credit insurance;

(5) Insurance of warranties or service contracts;

(6) Title insurance;

(7) Ocean marine insurance; and

(8) Any transaction or combination of transactions between a person, including affiliates of the person, and an insurer, including affiliates of the insurer, which involves the transfer of investment or credit risk unaccompanied by transfer of insurance risk.

Ark. Code § 23-90-104

Acts 1977, No. 871, § 3; A.S.A. 1947, § 66-5503; Acts 1987, No. 738, § 1; 1989, No. 417, § 3; 2001, No. 1603, § 43.