Arkansas Code Title 23, Subtitle 3, Chapter 66, Subchapter 6 - Insurance Sales Consumer Protection Act

• § 23-66-601 - Short Title.
  This subchapter may be cited as the "Insurance Sales Consumer Protection Act".
• § 23-66-602 - Purpose.
  The purpose of this subchapter is to regulate the business of insurance and protect the interests of insurance consumers.
• § 23-66-603 - Definitions.
  For the purpose of this subchapter: (1) "Affiliate" means any company that controls, is controlled by, or is under common control with another company;...
• § 23-66-604 - Exemption.
  The provisions of § 23-66-606 shall not apply to or affect in any way a broker-dealer licensed by the State of Arkansas when such...
• § 23-66-605 - Insurance in Connection With a Loan.
  (a) The following shall apply when insurance is required as a condition of obtaining a loan or extension of credit: (1) (A) No person,...
• § 23-66-606 - Depository Institution or Affiliates of a Depository Institution Sales Practices.
  The following requirements shall apply to insurance sales activities conducted by depository institutions, their employees, affiliates of a depository institution, and unaffiliated third parties...
• § 23-66-607 - Customer Privacy.
  No person, depository institution, or affiliate of a depository institution who lends money or extends credit may release, without the express consent of the...
• § 23-66-608 - Authorization to Promulgate Regulations.
  The Insurance Commissioner may promulgate regulations to effectuate the purposes of this subchapter.
• § 23-66-609 - Prohibited Activities.
  No person, depository institution, or affiliate of a depository institution who lends money or extends credit may: (1) Use an advertisement or other insurance...
• § 23-66-610 - Commissioner's Powers -- Administrative Proceedings.
  (a) The Insurance Commissioner shall have the power to examine and investigate the insurance activities of depository institutions in order to determine whether a...

Last modified: November 15, 2016