Ark. Code Ann. § 23-72-116: Pro rata plan insurer - Reclassification and rearrangement of members
Where this section sits in the code
- AR Code
- Title 23
- Chapter 72
A pro rata assessment plan insurer has power at any time to reclassify, transfer, or rearrange its members, to merge or unite circles or groups; and to unite into one (1) group or circle two (2) or more groups or circles, the membership of which has decreased below the maximum. The insurer shall not start a new group or circle so long as any other group or circle is not up to maximum. All groups and circles shall be kept up to the maximum.
Collected 2026-09-14T18:32:41Z. Source file · JSON