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29.1002 Authority of Commissioner.

Cite as [A.S.C.A. § 29.1002]

The Insurance Commissioner shall have the authority to adopt rules as he considers necessary and appropriate to:

(1) interpret this chapter;

(2) regulate general insurance brokers and the insurers they do business with; and

(3) protect the public from all potential harm and abuses ranging from, but not limited to, the licensing of unscrupulous brokers to the denial of assigned risk automobile coverage at rates based upon the widest possible participation by admitted and nonadmitted carriers in any pool which may be in effect.

History: 1978, PL, 15-79 § 2.