# Ark. Code Ann. § 23-63-507: Control of or merger with domestic insurer - Exceptions

> Arkansas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-507

## Section

- **Citation:** Ark. Code Ann. § 23-63-507
- **Heading:** Control of or merger with domestic insurer - Exceptions
- **Jurisdiction:** Arkansas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AR Code / Title 23 / Chapter 63 / Subchapter 5 / Section 23-63-507

## Text

The provisions of §§ 23-63-506 - 23-63-513 shall not apply to: (1) Any offers, requests, invitations, agreements, or acquisitions by the person referred to in § 23-63-506 of any voting security referred to in that section which, immediately prior to the consummation of the offer, request, invitation, agreement, or acquisition, was not issued and outstanding and the issuance of which will not have the effect of changing or influencing the control of a domestic insurer; (2) Any transaction which is subject to the provisions of §§ 23-69-142 - 23-69-145 of the laws of this state, dealing with the merger or consolidation of two (2) or more insurers; (3) Any offer, request, invitation, agreement, or acquisition which the commissioner, by order, shall exempt therefrom as: (A) Not having been made or entered into for the purpose and not having the effect of changing or influencing the control of a domestic insurer; or (B) As otherwise not comprehended within the purposes of §§ 23-63-506 - 23-63-513 . Acts 1971, No. 288, § 5; 1985, No. 804, § 3; A.S.A. 1947, § 66-5005.

The provisions of §§ 23-63-506 - 23-63-513 shall not apply to:

(1) Any offers, requests, invitations, agreements, or acquisitions by the person referred to in § 23-63-506 of any voting security referred to in that section which, immediately prior to the consummation of the offer, request, invitation, agreement, or acquisition, was not issued and outstanding and the issuance of which will not have the effect of changing or influencing the control of a domestic insurer;

(2) Any transaction which is subject to the provisions of §§ 23-69-142 - 23-69-145 of the laws of this state, dealing with the merger or consolidation of two (2) or more insurers;

(3) Any offer, request, invitation, agreement, or acquisition which the commissioner, by order, shall exempt therefrom as: (A) Not having been made or entered into for the purpose and not having the effect of changing or influencing the control of a domestic insurer; or (B) As otherwise not comprehended within the purposes of §§ 23-63-506 - 23-63-513 .

(A) Not having been made or entered into for the purpose and not having the effect of changing or influencing the control of a domestic insurer; or

(B) As otherwise not comprehended within the purposes of §§ 23-63-506 - 23-63-513 .

Acts 1971, No. 288, § 5; 1985, No. 804, § 3; A.S.A. 1947, § 66-5005.

## Nearby sections

- [Ark. Code Ann. § 23-63-501 Title](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-501.md)
- [Ark. Code Ann. § 23-63-502 Legislative findings](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-502.md)
- [Ark. Code Ann. § 23-63-503 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-503.md)
- [Ark. Code Ann. § 23-63-505 Subsidiaries of insurer](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-505.md)
- [Ark. Code Ann. § 23-63-506 Control of or merger with domestic insurer - Filing requirements - Definition](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-506.md)
- [Ark. Code Ann. § 23-63-507 Control of or merger with domestic insurer - Exceptions](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-507.md)
- [Ark. Code Ann. § 23-63-508 Control of or merger with domestic insurer - Content of statement](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-508.md)
- [Ark. Code Ann. § 23-63-509 Control of or merger with domestic insurer - Alternative filing materials](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-509.md)
- [Ark. Code Ann. § 23-63-510 Control of or merger with domestic insurer - Approval by commissioner - Hearing](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-510.md)
- [Ark. Code Ann. § 23-63-511 Control of or merger with domestic insurer - Mailings](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-511.md)
- [Ark. Code Ann. § 23-63-512 Control of or merger with domestic insurer - Jurisdiction of courts - Service of process](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-512.md)
- [Ark. Code Ann. § 23-63-513 Control of or merger with domestic insurer - Violations](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-513.md)
- [Ark. Code Ann. § 23-63-514 Registration of insurers](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-514.md)
- [Ark. Code Ann. § 23-63-515 Standards - Definition](https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-515.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AR_T23_C63_S5_S23-63-507. Check the current official text before relying on it. Not legal advice.