Definitions.
Ark. Code Ann. § 23-69-102
in effectAs used in §§ 23-69-101 — 23-69-103 , 23-69-105 — 23-69-141 , 23-69-143 , and 23-69-149 — 23-69-156 , unless the context otherwise requires:
(1) A “stock” insurer is an incorporated insurer with capital divided into shares and owned by its stockholders;
(2) A “mutual” insurer is an incorporated insurer without permanent capital stock and the governing body of which is elected as provided in §§ 23-69-101 — 23-69-103, 23-69-105 — 23-69-141, 23-69-143, and 23-69-149 — 23-69-156.
Source: Public.Resource.Org / UniCourt, Official Code of Arkansas Annotated, Release 78 (2020) (unicourt.github.io/cic-code-ar)URL: https://unicourt.github.io/cic-code-ar/transforms/ar/ocar/r78/gov.ar.code.title.23.htmlFetched: 11/8/2026