Woodyard v. Arkansas Diversified Insurance

Darrell Hickman, Justice.

The appellant is Arkansas Insurance Commissioner W. H. L. Woodyard, III. The appellee is Arkansas Diversified Insurance Company (ADIC).

ADIC sought a certificate of authority from Woodyard to sell group life insurance to Blue Cross and Blue Shield, Inc. subscriber groups. Woodyard denied the application. On appeal his decision was reversed by the Pulaski County Circuit Court as being arbitrary and not supported by substantial evidnce. We find on appeal the circuit court was wrong and reverse the judgment. We affirm the commissioner.

The only evidence before the…