§ 23-77-105 - Authority of Insurance Commissioner to grant certificates of authority and conduct hearings. - Arkansas Statutes

23-77-105. Authority of Insurance Commissioner to grant certificates of authority and conduct hearings.

(a) (1) The Insurance Commissioner shall have full and complete authority to grant certificates of authorization to automobile clubs and associations, to revoke the certificates, and to prescribe such rules and regulations as are reasonably necessary for the conduct of the business of the clubs and associations within the state and for carrying out the objects and purposes of this chapter.

(2) In determining if a certificate of authorization shall be issued, the commissioner shall take into consideration, along with all other factors, the name of the automobile club or association. If the name will interfere with the transactions of an automobile club or association already doing business in this state or is so similar to one already appropriated as to confuse or likely to mislead the public in any respect, the commissioner shall refuse to issue a certificate of authorization.

(b) The commissioner shall also have authority to conduct hearings as now provided under the insurance laws of the state.