Kinds of Insurance: statutory definitions
Ark. Code Ann. Title 23, Subtitle 3, Chapter 62, Subchapter 1, 12 sections, 23-62-101 to 23-62-112
Edition and licensing notes
Publisher. Arkansas Code Revision Commission / Bureau of Legislative Research; Arkansas Code Annotated public access edition published by LexisNexis (advance.lexis.com)
Edition. Arkansas Code of 1987 Annotated, Official Edition. Every section page fetched prints: "Current through the First Extraordinary Session, 2026, including revisions made by the Bureau of Legislative Research under the direction of the Arkansas Code Revision Commission."
Status. US state statute; public domain (state government edict).
What this document is
Ark. Code Ann. Title 23, Subtitle 3, Chapter 62, Subchapter 1 - Kinds of Insurance: statutory definitions (12 sections, 23-62-101 to 23-62-112) is a state statute published by Arkansas Code Revision Commission / Bureau of Legislative Research; Arkansas Code Annotated public access edition published by LexisNexis (advance.lexis.com). It is one of the Arkansas documents that insurance license exam questions are written from, including arkansas property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- Ark. Code Ann. § 23-62-105(a)(10) (Casualty insurance, malpractice)
“(10) Malpractice. Insurance against legal liability of the insured and against loss, damage, or expense incidental to a claim of liability including medical, hospital, surgical, and funeral benefits to injured persons, irrespective of legal liability of the insured, arising out of the death,...”
- Ark. Code Ann. § 23-62-104 (Property insurance)
““property insurance” is insurance on real or personal property of every kind and of every interest therein, whether on land, water, or in the air, against loss or damage from any and all hazard or cause and against loss consequential upon the loss or damage, other than noncontractual legal...”
- Ark. Code Ann. § 23-62-107(1)(A) (Marine insurance)
“Insurance against any and all kinds of loss or damage to: (A) Vessels, craft, aircraft, cars, automobiles, and vehicles of every kind as well as all goods, freights, cargoes, merchandise, effects, disbursements, profits, moneys, bullion, precious stones, securities, choses in action, evidences of...”
- Ark. Code Ann. Sec. 23-62-106 (Surety insurance)
“As used in the Arkansas Insurance Code, unless the context otherwise requires, “surety insurance” includes: (1) Fidelity insurance, which is insurance guaranteeing the fidelity of persons holding positions of public or private trust; (2) Insurance guaranteeing the performance of contracts, other...”
- Ark. Code Ann. § 23-62-107(1)(D) (Marine insurance, instrumentalities of transportation and communication)
“(D) Bridges, tunnels, and other instrumentalities of transportation and communication, excluding buildings, their furniture and furnishings, fixed contents and supplies held in storage, unless fire, tornado, sprinkler leakage, hail, explosion, earthquake, riot or civil commotion are the only...”
- Ark. Code Ann. § 23-62-105(a)(7) (Casualty insurance, boiler and machinery)
“(7) Boiler and Machinery. Insurance against any liability and loss or damage to property or interest therein resulting from accidents to or explosions of boilers, pipes, pressure containers, machinery, or apparatus, and to make inspection of and issue certificates of inspection upon boilers,...”
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