State statute · Arkansas

Unfair methods of competition and unfair or deceptive acts or practices defined

Arkansas Code § 23-66-206

Publisher: Arkansas General Assembly
Edition: 2025 Arkansas Code
Last checked: 2026-09-08
Status: US state statute

Edition and licensing notes

Publisher. Arkansas General Assembly (via Justia US Codes)

Status. US state statute; public domain.

Read the official text Practice questions from this source

What this document is

Arkansas Code § 23-66-206 - Unfair methods of competition and unfair or deceptive acts or practices defined is a state statute published by Arkansas General Assembly (via Justia US Codes). It is one of the Arkansas documents that insurance license exam questions are written from, including arkansas life & health, 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 § 23-66-206(1) (Boycott, Coercion, and Intimidation)
“entering into any agreement to commit or, by any concerted action, committing any act of boycott, coercion, or intimidation resulting in or tending to result in unreasonable restraint of, or monopoly in, the business of insurance;”
Ark. Code § 23-66-206(2) (Churning of Business)
“"Churning of business" means a situation in which the licensee replaces an existing policy of life insurance or accident and health insurance, or both, and that replacement is: (A) Not in accordance with § 23-66-307; or (B) Without objective demonstration by the licensee of the purpose of replacing...”
Ark. Code § 23-66-206(3) (Defamation)
“any oral or written statement or of any pamphlet, circular, article, or literature that is false or maliciously critical of or derogatory to the financial condition of any person and that is calculated to injure that person;”
Ark. Code § 23-66-206(6) (False information and advertising generally)
“over any radio or television station or in any other way an advertisement, announcement, or statement containing any assertion, representation, or statement with respect to the business of insurance or with respect to any person in the conduct of his or her insurance business that is untrue, deceptive, or misleading;”
Ark. Code § 23-66-206(7)(B) (False Statements and Entries: Material Entry)
“Knowingly making any false entry of a material fact in any book, report, or statement of any person or knowingly omitting to make a true entry of any material fact pertaining to the business of the person in any book, report, or statement of that person;”
Ark. Code § 23-66-206(7)(A) (False Statements and Entries: Financial Condition)
“Filing with any supervisory or other public official or making, publishing, disseminating, circulating, or delivering to any person, or placing before the public or causing, directly or indirectly, to be made, published, disseminated, circulated, delivered to any person, or placed before the public...”
Ark. Code § 23-66-206(4) (definition of complaint)
“As used in this subdivision (4), "complaint" means any written communication primarily expressing a grievance;”
Ark. Code § 23-66-206(4) (Failure to Maintain Complaint Handling Procedures)
“failing to adopt and implement reasonable standards for the prompt handling of complaints received by the person from insureds or claimants, or from the Insurance Commissioner on behalf of insureds or claimants, and failing to keep a record of the complaints received.”
Ark. Code § 23-66-206(4) (prompt handling standards)
“failing to adopt and implement reasonable standards for the prompt handling of complaints received by the person from insureds or claimants, or from the Insurance Commissioner on behalf of insureds or claimants, and failing to keep a record of the complaints received.”
Ark. Code § 23-66-206(1) (Boycott, coercion, and intimidation)
“"Boycott, coercion, and intimidation" means entering into any agreement to commit or, by any concerted action, committing any act of boycott, coercion, or intimidation resulting in or tending to result in unreasonable restraint of, or monopoly in, the business of insurance;”

Practice this material

Arkansas Life & Health practice test Arkansas Property & Casualty practice test

Questions about this source

No. This page summarizes the document and links to the official version. Always rely on the text published by Arkansas General Assembly (via Justia US Codes) for the current law.

Practice questions for Arkansas Life & Health, Arkansas Property & Casualty cite this document.

More Arkansas sources

See all Arkansas sources →