Ark. Code Ann. Title 23, Subtitle 3, Chapter 66, complete chapter, subchs. 2-8, 81 sections, 23-66-201 to 23-66-811: Trade Practices
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 66 - Trade Practices (complete chapter, subchs. 2-8, 81 sections, 23-66-201 to 23-66-811) 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. § 23-66-206(12) (Unfair claims settlement practices)
““Unfair claims settlement practices” means committing or performing with such frequency as to indicate a general business practice any of the following: (A) Misrepresenting pertinent facts or insurance policy provisions relating to coverages at issue; (B) Failing to acknowledge and act reasonably...”
- Ark. Code Ann. § 23-66-206(9)(C) and (9)(D) (Rebates)
“(C) Token gifts of one hundred dollars ($100) or less in wholesale value that are used for advertising purposes are not prohibited under this subdivision (9), including without limitation pens, calendars, notebooks, and other items. (D) An insurer, producer, or representative of an insurer or...”
- Ark. Code Ann. § 23-66-206(13)(C) (Unfair discrimination, geographic location)
“(C) Making or permitting any unfair discrimination between individuals or risks of the same class and of essentially the same hazards by refusing to issue, refusing to renew, cancelling, or limiting the amount of insurance coverage on a property or casualty risk because of the geographic location...”
- Ark. Code Ann. § 23-66-206(15)(C) and (15)(D) (Unfair property or casualty policy cancellation)
“(C) (i) Cancellations of property and casualty policies in force for more than sixty (60) days or after the effective date of a renewal of the policy shall only be effective when notice of cancellation is mailed or delivered by the insurer to the named insured and to any lienholder or loss payee...”
- Ark. Code Ann. Sec. 23-66-505(a), (b) and (c) (Mandatory reporting of fraudulent insurance acts)
“(a) A person engaged in the business of insurance having knowledge or a reasonable belief that a fraudulent insurance act is being, will be, or has been committed shall provide to the Insurance Commissioner the information required by, and in a manner prescribed by, the commissioner. (b) Any person...”
- Ark. Code Ann. Sec. 23-66-206(8) (Misrepresentation and false advertising of insurance policies)
“(8) “Misrepresentation and false advertising of insurance policies” means making, issuing, circulating, or causing to be made, issued, or circulated, any estimate, illustrations, circular, statement, sales presentation, omission, or comparison, that: (A) Misrepresents the benefits, advantages,...”
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