Statutes > Arkansas Statutes > Title 23 - Public Utilities and Regulated Industries > Subtitle 3 - Insurance > Chapter 71 - Stipulated Premium Insurers > § 23-71-106 - Use of "stipulated premium" prohibited -- Exception.

§ 23-71-106 - Use of "stipulated premium" prohibited -- Exception.

23-71-106. Use of "stipulated premium" prohibited -- Exception.

No insurer shall use the term "stipulated premium" in its insurance applications or contracts, or print or use that term in its policies or literature, unless lawfully authorized to transact insurance in this state on the stipulated premium plan.