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Section 23-70-119 - Aggregate liability — Arkansas Law | CourtGPT
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  4. Title 23 - Public Utilities and Regulated Industries (§§ 23-1-101 — 23-119-105)/
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  7. Section 23-70-119 - Aggregate liability
Arkansas Legal Code

Section 23-70-119 - Aggregate liability

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No one (1) policy or subscriber as to the policy shall be assessed or charged with an aggregate of contingent liability as to obligations incurred by a domestic reciprocal insurer in any one (1) calendar year in excess of the amount provided for in the power of attorney or in the subscribers' agreement, computed solely upon premium earned on the policy during that year.Acts 1959, No. 148, § 534; A.S.A. 1947, § 66-4325.