Arkansas Code Title 23, Subtitle 3, Chapter 80, Subchapter 3 - Property and Casualty Insurance Policy Simplification Act

• § 23-80-301 - Title.
  This subchapter may be cited as the "Property and Casualty Insurance Policy Simplification Act".
• § 23-80-302 - Purpose.
  (a) The purpose of this subchapter is to establish minimum language and format standards to make property and casualty insurance policies easier to read.(b)...
• § 23-80-303 - Definitions.
  As used in this subchapter: (1) "Casualty insurance" does not include accident and health insurance; (2) "Commissioner" means the Insurance Commissioner; and (3) "Policy"...
• § 23-80-304 - Applicability.
  (a) This subchapter shall apply to all policies with effective dates on or after the implementation date established for policies under § 23-80-306(b).(b) No...
• § 23-80-305 - Powers of Commissioner.
  (a) After notice and hearing, the Insurance Commissioner may issue reasonable rules or regulations implementing §§ 23-80-306 and 23-80-308.(b) At the commissioner's sole discretion,...
• § 23-80-306 - Minimum Standards.
  (a) All policies which, under subsection (b) of this section, must comply with this subsection shall be simplified, taking into consideration the following factors:...
• § 23-80-307 - Compliance With Other Statutorily Required Language.
  (a) The requirements of any other laws which specify the language or content of any policy may be met by a policy complying with...
• § 23-80-308 - Compliance by Provision of Outline of Coverage.
  An insurer may comply with § 23-80-306(a) and § 23-80-306(b)(2) for not more than twelve (12) months following the implementation date established by the...

Last modified: November 15, 2016