29.0105 Prohibited acts.

Cite as [A.S.C.A. § 29.0105]

Except as otherwise expressly provided by law, no person directly or indirectly may enter into any contract, understanding or combination with any insurer or manager, agent or representative thereof for the purpose of, nor may any persons or insurers jointly or severably do any act or engage in any practice for the purpose of:

(1) controlling the rates to be charged, or the commissions or other compensation to be paid, for insuring any risk or class of risks;

(2) entering into any agreement to commit, or individually or by any concerted action commit, any act of boycott, coercion, or intimidation resulting or tending to result in unreasonable restraint of, or a monopoly in, the business of insurance.

History: 1974, PL 13-58 § 1.