§ 23-40-113. Change of ownership
(a) The seller shall apply for change of ownership or control when: (1) The seller transfers all or a portion of the interest in any contract for prepaid funeral benefits; (2) The seller transfers one (1) or more of its establishments for providing funeral goods or services; (3) All or a portion of the equity […]
§ 23-40-101. Short title
This chapter shall be known as the “Arkansas Prepaid Funeral Benefits Law”.
§ 23-40-102. Purpose
The purpose of this chapter is to provide for the regulation of the sale of prepaid funeral benefits by the Insurance Commissioner.
§ 23-40-103. Definitions
As used in this chapter: (1) “Annuity funding” means contract proceeds that are used by a seller to purchase an annuity contract that names the seller as the beneficiary of the annuity contract, the proceeds of which shall be used to pay for the funeral benefits specified in a prepaid contract, or the purchaser may […]
§ 23-40-104. Arkansas Insurance Code not affected
Except as provided in § 23-40-112(h)(2), this chapter shall not apply to any licensed insurance company or alter or affect any provisions of the Arkansas Insurance Code.