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Ark. Code § 23-61-115. Policyholder’s Bill of Rights: State Insurance Department — General Provisions – Arkansas
Status: EnactedYear Enacted: 2005
Year Amended: 2017
File: Download
Policyholders have the right to (1) Competitive pricing practices and marketing methods that enable them to determine the best value among comparable policies;
(2) Insurance advertising and other selling approaches that provide accurate and balanced information on the benefits and limitations of a policy;
(3) An insurer that is financially stable;
(4) Be serviced by a competent, honest insurance producer;
(5) A readable policy;
(6) An insurer that provides an economic delivery of coverage and that tries to prevent losses;
(7) Balanced and positive regulation by the State Insurance Department; and
(8) A reasonable expectation that the policyholder’s nonpublic personal information is securely maintained.
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