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Section 23-70-121 - Distribution of savings — Arkansas Law | CourtGPT
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  2. Laws/
  3. Arkansas/
  4. Title 23 - Public Utilities and Regulated Industries (§§ 23-1-101 — 23-119-105)/
  5. Subtitle 3 - Insurance/
  6. Chapter 70 - Reciprocal Insurers/
  7. Section 23-70-121 - Distribution of savings
Arkansas Legal Code

Section 23-70-121 - Distribution of savings

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(a) A reciprocal insurer may return to its subscribers from time to time any unused premiums, savings, or credits accruing to their accounts.(b) Any distribution shall not unfairly discriminate between classes of risks, or policies, or between subscribers, but the distribution may vary as to classes of subscribers based upon the experience of those subscribers.Acts 1959, No. 148, § 536; A.S.A. 1947, § 66-4327.