This chapter shall apply to all kinds of direct insurance written by insurers licensed to transact insurance in this state but shall not be applicable to the following:(1) Life, annuity, health, or accident and health insurance;(2) Mortgage guaranty, financial guaranty, or other form of insurance offering protection against investment risks;(3) Bail bonds or appearance bonds as defined in or otherwise referenced in § 17-19-101 et seq.;(4) Credit insurance;(5) Insurance of warranties or service contracts;(6) Title insurance;(7) Ocean marine insurance; and(8) Any transaction or combination of transactions between a person, including affiliates of the person, and an insurer, including affiliates of the insurer, which involves the transfer of investment or credit risk unaccompanied by transfer of insurance risk.Acts 1977, No. 871, § 3; A.S.A. 1947, § 66-5503; Acts 1987, No. 738, § 1; 1989, No. 417, § 3; 2001, No. 1603, § 43.
Arkansas Legal Code