Arkansas Code Title 23, Subtitle 3, Chapter 73 - Farmers' Mutual Aid Associations
- § 23-73-101 - Definition.
As used in this chapter, unless the context otherwise requires, "farmer" means a farm tenant or any person who owns or cultivates or superintends...
- § 23-73-102 - Scope.
(a) This chapter applies only to domestic farmers' mutual aid companies and associations.(b) Nothing in the insurance laws of this state shall be deemed...
- § 23-73-103 - Associations Existing As of January 1, 1960.
Any company or association lawfully organized and existing and lawfully doing business and insuring property as a farmers' mutual aid association or company as...
- § 23-73-104 - Other Provisions Applicable.
In addition to the provisions of this chapter, farmers' mutual aid companies or associations shall also be subject to the following chapters and provisions...
- § 23-73-105 - Organization -- Membership -- Insurance Coverage.
(a) Twenty (20) or more farmers, all of whom shall be residents of this state, may make mutual pledges and give valid obligations to...
- § 23-73-106 - Articles of Association.
(a) Articles of association of any farmers' mutual aid company or association shall specify: (1) The name of the association or company; (2) The...
- § 23-73-107 - Adoption of Similar Name Prohibited.
No name shall be adopted by the company or association which is so similar to any name already in use by any existing company...
- § 23-73-108, 23-73-109 - [Repealed.]
- § 23-73-110 - Legal Existence.
(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...
- § 23-73-111 - Amendment of Articles and Bylaws.
(a) Articles of association may be amended as provided in the articles, and any such amendments shall promptly be filed with the Insurance Commissioner...
- § 23-73-112 - Qualifications for Certificate of Authority.
To qualify for and hold a certificate of authority to insure property or issue policies, the company or association shall: (1) (A) (i) Have...
- § 23-73-113 - Continuance of Certificate of Authority.
(a) For continuance of an original certificate of authority, a farmers' mutual aid company or association shall file with the Insurance Commissioner: (1) A...
- § 23-73-114 - Application -- Sections 23-61-201 et Seq. and 23-61-301 et Seq. Applicable.
Section 23-61-201 et seq. and § 23-61-301 et seq. shall be applicable to farmers' mutual aid companies and associations.
- § 23-73-115 - Management and Exclusive Agency Contracts.
(a) (1) No farmers' mutual aid company or association shall make any contract whereby any person is granted or is to enjoy in fact...
- § 23-73-116 - Fees.
Farmers' mutual aid companies or associations shall pay no annual fees or other charges except as required under the State Insurance Department Trust Fund...
- § 23-73-117 - Conversion to Mutual Insurer.
(a) A farmers' mutual aid association as provided for by this chapter may be converted to a mutual insurer as defined in § 23-69-102...
- § 23-73-118 - Membership Requirements.
The total membership of the association shall be at all times not less than the number of members required by § 23-73-112.
- § 23-73-119 - Prohibited Formation.
No farmers' mutual aid association or company shall be formed or incorporated after July 1, 1997, other than as provided in § 23-73-122.
- § 23-73-120 - Dissolution.
(a) Voluntary. (1) An association or company may discontinue its operations and settle its affairs at any meeting of its members, due notice of...
- § 23-73-121 - Licensing of Agents.
Agents shall be licensed and issued a limited line license in accordance with § 23-64-101 et seq.
- § 23-73-122 - Merger.
(a) Two (2) or more farmers' mutual aid associations or companies may merge as provided in this section. To effect a merger, it shall...
- § 23-73-123 - Indemnification.
(a) A company or association may indemnify a person made or threatened to be made a party to a proceeding by reason of the...
Last modified: November 15, 2016