Opinion No.

The Honorable Keven Anderson State Representative 1712 South 28th Place Rogers, Arkansas 72758-1479

Dear Representative Anderson:

I am writing in response to your request for an opinion on the scope of the term "direct and indirect successors in interest" as used in A.C.A. § 23-87-117. That statute, since 1985, has authorized the Arkansas Insurance Commissioner to impose compensation limits on agents, brokers, creditors and certain other persons for writing or handling credit life or credit disability insurance.1 As you note, the Insurance Commissioner has issued Rule and Regulation 12 in this…