Arkansas Code Title 23, Subtitle 3, Chapter 75 - Hospital and Medical Service Corporations

• § 23-75-101 - Definition.
  (a) As used in this chapter, "hospital service corporations", "medical service corporations", and "hospital and medical service corporations" are corporations organized under the laws...
• § 23-75-102 - Applicability of Other Laws.
  The corporations described in § 23-75-101 are subject to the following chapters and provisions of this code, to the extent applicable and not in...
• § 23-75-103 - Provisions Exclusive.
  Hospital service corporations, medical service corporations, and hospital and medical service corporations incorporated in this state shall be governed by this chapter and shall...
• § 23-75-104 - Not Applicable to Employer Plan.
  (a) This chapter shall not apply to any employer operating or maintaining a hospital service plan or medical service plan, participation in which is...
• § 23-75-105 - Relationship of Physician, Patient, and Hospital Unaffected.
  (a) Nothing in this chapter shall be deemed to alter the relationship of physician and patient.(b) The corporation shall not in any way influence...
• § 23-75-106 - Incorporation -- Amendments to Articles or Bylaws.
  (a) Any corporation shall hereafter be organized under the laws of this state relating to private corporations not for pecuniary profit, insofar as the...
• § 23-75-107 - Certificate of Authority -- Application.
  (a) The corporation may issue contracts to its subscribers only when the Insurance Commissioner has, by certificate of authority, authorized it to do so.(b)...
• § 23-75-108 - Certificate of Authority -- Requirements for Issuance.
  (a) The Insurance Commissioner shall issue an initial certificate of authority authorizing the applicant to issue contracts to its subscribers when it is shown...
• § 23-75-109 - Deposit for Protection of Subscribers.
  (a) (1) Corporations governed by this chapter shall at all times have on deposit through the Insurance Commissioner sums as follows: (A) If newly...
• § 23-75-110 - Contracting Authority -- Filing of Contract.
  (a) A corporation holding a certificate of authority under this chapter may enter into contracts with: (1) Licensed hospitals; (2) Physicians and surgeons licensed...
• § 23-75-111 - Subscription Contracts.
  (a) (1) All rates charged by the corporation to subscribers or classes of subscribers having contracts covered by §§ 23-85-101 -- 23-85-131, and the...
• § 23-75-112 - Directors.
  The directors of a corporation shall at all times include representatives of: (1) Administrators or trustees of hospitals which have contracted with the corporation...
• § 23-75-113 - Expenses and Investments.
  (a) The operating and administrative expenses of any corporation, including, but not limited to, all costs in connection with the solicitation of subscribers to...
• § 23-75-114 - Annual Report -- Examination.
  (a) (1) Not later than March 1 of each year, every corporation shall file with the Insurance Commissioner a statement sworn to by at...
• § 23-75-115 - Use of Surplus.
  Any surplus in excess of all reserves established by the directors of the corporation and shown in the annual report of a corporation may...
• § 23-75-116 - Nonliability.
  No liability shall attach to any corporation holding a certificate of authority under this chapter by reason of the failure on the part of...
• § 23-75-117 - [Repealed.]
• § 23-75-118 - Review of Decisions.
  All orders of the Insurance Commissioner made pursuant to this chapter shall be subject to the provisions of § 23-61-101 et seq. and §...
• § 23-75-119 - Premium Tax.
  (a) The officers of every foreign or alien corporation, and the officers of every domestic corporation, transacting business under this chapter shall, at the...
• § 23-75-120 - Tax Exemptions.
  (a) Every corporation doing business pursuant to this chapter is declared to be a nonprofit and benevolent institution.(b) The corporations are exempt from state,...
• § 23-75-121 - Power to Make Donations for the Public Welfare.
  Hospital and medical service corporations shall have power to make donations for the public welfare or for charitable, scientific, or educational purposes, subject to...
• § 23-75-122 - Conversion to Legal Reserve Mutual Life Insurer.
  (a) A hospital and medical service corporation, as defined in § 23-75-101, may be converted to a legal reserve mutual life insurer, as defined...

Last modified: November 15, 2016