Arkansas § 8-7-810 - Insurance pools.
Full text of Arkansas Arkansas Code of 1987 Annotated § 8-7-810 — Insurance pools., with citation guidance and answers to common questions.
§ 8-7-810. Insurance pools.
Owners or operators of storage tanks who are unable to demonstrate financial responsibility in the minimum amounts specified by the Division of Environmental Quality may establish an insurance pool in order to demonstrate such financial responsibility. The formation and operation of an insurance pool under this section shall be subject to approval by the Insurance Commissioner, who shall, after notice and hearing, establish through rules a method for approval and monitoring of such insurance pools. Such rules may include: Provisions for periodic examinations of financial condition, including inspection of books, papers, accounts, and affairs of the plan; Conditions for participation in the plan; Minimum amounts of cash reserves and insurance coverage to be acquired; Requirements for sound management of the plan; Grounds for suspension or withdrawal of approval of the plan; and Grounds for termination of the plan.
Frequently Asked Questions About Arkansas § 8-7-810
What does Arkansas Code of 1987 Annotated § 8-7-810 cover?
Section 8-7-810 ("Insurance pools.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arkansas § 8-7-810?
A common citation format is "Arkansas Code of 1987 Annotated § 8-7-810" (Arkansas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 8-7-810 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arkansas.