Section 23-83-123 - Group insurance on Arkansas residents placed in authorized insurers

(a) All group life, annuity, and accident and health insurance placed by an employer on employees who are residents of this state shall be placed by the employer with an insurer authorized to transact insurance in this state.(b) This section shall not apply to group insurance lawfully placed in an authorized insurer as a surplus line under § 23-65-101 et seq.Acts 1981, No. 898, § 23; A.S.A. 1947, § 66-3523; Acts 2007, No. 496, § 16.