# Ark. Code Ann. § 23-63-103: Retaliation for unjustified refusal to permit business because of similar name

> Arkansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-103

## Section

- **Citation:** Ark. Code Ann. § 23-63-103
- **Heading:** Retaliation for unjustified refusal to permit business because of similar name
- **Jurisdiction:** Arkansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AR Code / Title 23 / Chapter 63 / Subchapter 1 / Section 23-63-103

## Text

Whenever any other state or foreign country refuses to permit any life insurer domiciled in Arkansas to enter in and transact insurance in the state or country upon the grounds that the name of the Arkansas insurer is the same or similar to the name of a life insurer domiciled in the other state or country, the Insurance Commissioner, if satisfied that no such similarity of names actually exists, that the refusal is unjustified, and that the Arkansas insurer should be permitted to do business in the other state or country, may, in his or her discretion, suspend or revoke the certificate of authority in Arkansas of that life insurer domiciled in the other state or country whose name has been so declared to be similar to that of the Arkansas insurer. Acts 1959, No. 148, § 67; A.S.A. 1947, § 66-2225.

Whenever any other state or foreign country refuses to permit any life insurer domiciled in Arkansas to enter in and transact insurance in the state or country upon the grounds that the name of the Arkansas insurer is the same or similar to the name of a life insurer domiciled in the other state or country, the Insurance Commissioner, if satisfied that no such similarity of names actually exists, that the refusal is unjustified, and that the Arkansas insurer should be permitted to do business in the other state or country, may, in his or her discretion, suspend or revoke the certificate of authority in Arkansas of that life insurer domiciled in the other state or country whose name has been so declared to be similar to that of the Arkansas insurer.

Acts 1959, No. 148, § 67; A.S.A. 1947, § 66-2225.

## Nearby sections

- [Ark. Code Ann. § 23-63-102 Retaliation for foreign taxes, fees, restrictions, etc](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-102.md)
- [Ark. Code Ann. § 23-63-103 Retaliation for unjustified refusal to permit business because of similar name](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-103.md)
- [Ark. Code Ann. § 23-63-104 Domicile of alien insurer](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-104.md)
- [Ark. Code Ann. § 23-63-105 Service contracts to perform administrative functions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-105.md)
- [Ark. Code Ann. § 23-63-107 Prompt processing of payment by insurer](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-107.md)
- [Ark. Code Ann. § 23-63-109 Natural causes](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-109.md)
- [Ark. Code Ann. § 23-63-110 Policy cancellation or premium increase](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-110.md)
- [Ark. Code Ann. § 23-63-111 Policyholder's right to loss information - Definition](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-111.md)
- [Ark. Code Ann. § 23-63-112 Notice of intent to settle](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-112.md)
- [Ark. Code Ann. § 23-63-113 Agreement required for access to contracting agent's panel of contracted healthcare providers or contracted reimbursement rates - Identification of network discounts applicable to provider claims required on subscriber identification cards - Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-113.md)
- [Ark. Code Ann. § 23-63-114 Written management and service agreements](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-114.md)
- [Ark. Code Ann. § 23-63-115 Agreement between insurers and dentists establishing fees for noncovered service prohibited - Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-115.md)
- [Ark. Code Ann. § 23-63-116 Retaliatory tax credit](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-116.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S1_S23-63-103. Check the current official text before relying on it. Not legal advice.