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29.1540 Approval of form.

Cite as [A.S.C.A. § 29.1540]

(a) An insurer may not use a policy form in effecting insurance without first obtaining the Commissioner’s approval thereof as provided in this section. The Commissioner shall study each form for the purpose of guarding against any possible fraud, misrepresentation or other forms of unfairness. If he approves a form, he shall endorse his approval on the face of both duplicates and transmit one to the insured and keep one in his permanent files. If he disapproves a form, he shall issue an order of disapproval stating therein his reasons and transmit a copy to the insurer.

(b) All policies and provisions therein must be printed in a type of which the face is not smaller than 10-point.

History: 1974, PL 13-58 § 1.