reglab/housing_qa huggingface dataset:
AR Code § 23-98-110 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 98 - Minimum Basic Benefit Policies and Subscription Contracts|§ 23-98-110. Approval of forms and rates

 (a) All minimum basic benefit policy forms, including applications, enrollment forms, policies, certificates, evidences of coverage, riders, amendments, endorsements, disclosure forms, and marketing communications used in connection with the sale or advertisement of a minimum basic benefit policy shall be submitted to the Insurance Commissioner for approval in the same manner as required by § 23-79-109(a) or § 23-76-112(a).  (b) Minimum basic benefit policies are subject to the filing and approval statutes and rules of the state. No rate shall be considered reasonable nor shall it be approved unless:  (1) It is based upon a pool, community rating, or other rating formula acceptable to the commissioner; and  (2)  (A) As to individual policies and policies issued to qualified trusts, it is likely to produce a loss ratio, as certified by a qualified actuary, which is acceptable to the commissioner, but in no event shall such a loss ratio be less than sixty-five percent (65%).  (B) However, the commissioner may set a minimum loss ratio for group policies issued pursuant to this chapter if the commissioner determines that inequitable or unfair treatment of policyholders would otherwise result.      (c) To the extent that an insurer has a surplus in a given year which has been generated on minimum basic benefit policies issued pursuant to this chapter to a qualified group by a loss ratio of less than seventy-five percent (75%) or issued pursuant to this chapter to qualified individuals, qualified families, or qualified trusts by a loss ratio of less than sixty-five percent (65%), that surplus shall be taken into consideration in setting rates in following years in such manner as to benefit the holders of such minimum basic benefit policies.  (d)  (1) The commissioner may require that as to each minimum basic benefit policy approved, the insurer provide a statement of the portion of the rate or premium applicable to the minimum basic benefit policy coverage required by this chapter, or the commissioner pursuant to this chapter, or such other information as the commissioner may require so that prospective purchasers of policies pursuant to this chapter may have an ability to make a direct comparison of the cost of the minimum basic benefits within policies of the same class issued by different insurers.  (2) The commissioner may include rate comparison or other cost information in the form of notice which may be provided by the commissioner to employers pursuant to this chapter.
AR Code § 23-98-111 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 98 - Minimum Basic Benefit Policies and Subscription Contracts|§ 23-98-111. Record-keeping and reporting requirement for insurers

 Each insurer issuing a minimum basic benefit policy in this state shall maintain separate and distinct records of enrollment, claim costs, premium income, utilization, and such other information as may be required by the Insurance Commissioner. Each insurer providing a minimum basic benefit policy shall furnish an annual report to the commissioner in a form prescribed by the commissioner which shall contain such information as the commissioner may require to analyze the effect of insurance coverage issued pursuant to this chapter. The annual report required shall be in a form consistent with the forms, if any, adopted by the National Association of Insurance Commissioners for such a purpose.
AR Code § 23-100-101 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 100 - State Insurance Department Criminal Investigation Division Trust Fund Act|§ 23-100-101. Title

 This chapter shall be known as the “State Insurance Department Criminal Investigation Division Trust Fund Act”.
AR Code § 23-100-102 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 100 - State Insurance Department Criminal Investigation Division Trust Fund Act|§ 23-100-102. Insurers' payment extensions — Penalties for non-compliance — Insurance Commissioner's waiver for impaired or insolvent insurers

 (a)  (1) The Insurance Commissioner may grant any licensed insurer an extension for payment of the antifraud assessment for good cause shown, upon written application of the licensed insurer received at the State Insurance Department on or before each annual due date.  (2) Absent the commissioner's approval of such an extension for good cause, licensed insurers failing timely to pay the antifraud assessment shall be subject to a penalty of one hundred dollars ($100) per day for each day of delinquency, payable to the State Insurance Department Criminal Investigation Division Trust Fund.  (3)  (A) The commissioner may pursue any appropriate legal remedies to collect the antifraud assessments and penalties due and unpaid from any insurer.  (B) Further, the commissioner in his or her discretion may order suspension of the delinquent insurer's Arkansas certificate of authority after notice and hearing until the payment of all such antifraud assessments and penalties is remitted to the fund.  (C) Absent grant of the commissioner's waiver for good cause shown, the commissioner may revoke the Arkansas certificate of authority of any delinquent insurer consistently refusing and failing without good cause to remit payment of these antifraud assessments and penalties to the fund pursuant to this section.      (b)  (1) The commissioner in his or her discretion may waive all or any part of the antifraud assessment due annually from a licensed insurer upon the:  (A) Suspension or revocation of the insurer's Arkansas certificate of authority;  (B) Issuance of a court order placing the company into conservation, rehabilitation, or liquidation in any state; or  (C) Commissioner's finding that the insurer is impaired or insolvent.    (2) Upon the reinstatement or activation of the insurer's certificate of authority in good standing, the commissioner's waiver automatically terminates, and the insurer shall be liable for payment of the assessment on the next succeeding March 1 without retroactive reimbursement for the amount of the antifraud assessments which would normally have accrued during the waiver period.
AR Code § 23-100-103 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 100 - State Insurance Department Criminal Investigation Division Trust Fund Act|§ 23-100-103. State Insurance Department Criminal Investigation Division Trust Fund — Creation

 (a) There is established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State a fund to be known as the “State Insurance Department Criminal Investigation Division Trust Fund” to be used to defray the expenses of the Criminal Investigation Division in the discharge of its administrative and regulatory powers and duties as prescribed by law.  (b) No money is to be appropriated from this fund for any purpose except for the personal services and operating expenses, maintenance and operations, and support of and improvements to the division, and at the direction of the Insurance Commissioner, for the use, benefit, and support of the division.  (c) The fund established pursuant to this section shall be administered, disbursed, and invested under the direction of the commissioner and the Treasurer of State.  (d) All income derived through:  (1) Investment of the fund, including, but not limited to, interest and dividends, shall be credited as investment income to the fund; and  (2) Grants, refunds, gifts, or any other sources to the fund shall be credited as income to the fund and deposited therein.    (e) Further, all moneys deposited into the fund shall not be subject to any deduction, tax, levy, or any other type of assessment, except as may be provided by law.
AR Code § 23-100-104 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 100 - State Insurance Department Criminal Investigation Division Trust Fund Act|§ 23-100-104. Antifraud assessment

 (a)  (1)  (A) Each licensed insurer shall pay into the State Insurance Department Criminal Investigation Division Trust Fund a nonrefundable antifraud assessment as directed by the Insurance Commissioner for the reasonable and necessary expenses and operation of the Criminal Investigation Division.  (B) As used in this section, “licensed insurer” includes a:  (i) Licensed stock and mutual insurance company;  (ii) Reinsurer;  (iii) Health maintenance organization;  (iv) Fraternal benefit society;  (v) Hospital and medical service corporation;  (vi) Stipulated premium insurer;  (vii) Farmers' mutual aid association; and  (viii) Prepaid legal insurer.      (2) This section does not apply to an approved but nonadmitted surplus lines insurer or to a registered risk retention group.    (b)  (1) The antifraud assessment required by this section shall be paid annually on or before June 1 at the time and in the manner that the commissioner prescribes or at times alternate from June 1 annually that the commissioner prescribes.  (2)  (A) By rule, the commissioner may set the amount of the antifraud assessment.  (B) The antifraud assessment shall not exceed one thousand dollars ($1,000) per fiscal year.    (3) The antifraud assessment is in addition to the premium taxes and fees required under existing law.    (c) This section shall apply notwithstanding the provisions of § 26-57-601 et seq., the State Insurance Department Trust Fund Act, § 23-61-701 et seq., and other provisions of Arkansas law.
AR Code § 23-100-105 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 100 - State Insurance Department Criminal Investigation Division Trust Fund Act|§ 23-100-105. Insurers' antifraud fees — Deposit into State Insurance Department Criminal Investigation Division Trust Fund

 The Insurance Commissioner shall deposit all antifraud assessments and any penalties assessed under this chapter, as well as any other income received for purposes set out in § 23-100-103(a), into the State Insurance Department Criminal Investigation Division Trust Fund as special revenues.
AR Code § 23-100-106 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 100 - State Insurance Department Criminal Investigation Division Trust Fund Act|§ 23-100-106. Rules

 The Insurance Commissioner may promulgate reasonable rules deemed necessary for the administration of this chapter.
AR Code § 23-100-107 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 100 - State Insurance Department Criminal Investigation Division Trust Fund Act|§ 23-100-107. State Insurance Department Criminal Investigation Division Trust Fund — Department vouchers and Auditor of State warrants

 (a) All antifraud assessments, penalties, and revenues provided in this chapter received as special revenues for the State Insurance Department Criminal Investigation Division Trust Fund and deposited therein shall be deemed for all purposes special revenues of the fund and of the State Insurance Department for the sole support, operation, and maintenance of the Criminal Investigation Division and when paid into the State Treasury by the Insurance Commissioner, shall be maintained by the State Treasury as the State Insurance Department Criminal Investigation Division Trust Fund, separate from all other funds, and available only for the payment of the expenses of the division pursuant to the appropriations therefor.  (b) Upon proper voucher from the commissioner, the Auditor of State shall issue his or her warrant on the Treasurer of State in payment of all salaries and other expenses incurred in the administration of this chapter.
AR Code § 23-101-101 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 101 - Creditor-Placed Insurance|§ 23-101-101. Purpose

 The purposes of this chapter are to:   (1) Promote the public welfare by regulating creditor-placed insurance;  (2) Create a legal framework within which creditor-placed insurance may be written in this state; and  (3) Minimize unfair competitive practices in the sale of creditor-placed insurance.
AR Code § 23-101-102 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 101 - Creditor-Placed Insurance|§ 23-101-102. Scope

 (a) This chapter applies to an insurer or producer transacting creditor-placed insurance as defined in this chapter.  (b) All creditor-placed insurance written in connection with credit transactions for personal, family, or household purposes is subject to the provisions of this chapter, except:  (1) Transactions involving extensions of credit primarily for business or commercial purposes;  (2) Insurance on collateralized real property;  (3) Insurance offered by the creditor and elected by the debtor at the debtor's option;  (4) Insurance for which no specific charge is made to the debtor or the debtor's account; or  (5) Blanket insurance, whether paid for by the debtor or the creditor.    (c) The Insurance Commissioner shall have authority to bring an administrative or judicial proceeding to enforce this chapter. No provisions of this chapter are intended to establish or extinguish a private right of action for a violation of any provision of this chapter.
AR Code § 23-101-104 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 101 - Creditor-Placed Insurance|§ 23-101-104. Prohibited coverages

 (a) Creditor-placed insurance coverage shall not include:  (1) Coverage for the cost of repossession;  (2) Skip, confiscation, and conversion coverage;  (3) Coverage for payment of mechanics' or other liens that do not arise from a covered loss occurrence;  (4) Coverage that requires a debtor's insurance deductible to be less than two hundred fifty dollars ($250); or  (5) Coverage that is broader than the insurance coverages that meet the minimum insurance requirements of the credit agreement.    (b) Nothing in this section shall be deemed to prohibit the issuance of a separate policy or endorsement providing the coverages listed in subsection (a) of this section. However, no charge shall be passed along to the debtor for the coverages.
AR Code § 23-101-105 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 101 - Creditor-Placed Insurance|§ 23-101-105. Term of insurance policy

 (a) Creditor-placed insurance shall become effective on the latest of the following dates:  (1) The date of the credit transaction;  (2) The date prior coverage, including prior creditor-placed insurance coverage, lapsed;  (3) One (1) year before the date on which the related insurance charge is made to the debtor's account; or  (4) A later date provided for in the agreement between the creditor and insurer.    (b) Creditor-placed insurance shall terminate on the earliest of the following dates:  (1) The date other acceptable insurance becomes effective, subject to the debtor's providing acceptable evidence of the other insurance to the creditor;  (2) The date the collateralized personal property is repossessed, unless the property is returned to the debtor within ten (10) days of the repossession;  (3) The date the collateralized personal property is determined by the insurer to be a total loss;  (4) The date the debt is completely extinguished; or  (5) An earlier date specified in the individual policy or certificate of insurance.    (c) An insurance charge shall not be made to a debtor for a term longer than the scheduled term of the creditor-placed insurance when it becomes effective, nor may an insurance charge be made to the debtor for creditor-placed insurance before the effective date of the insurance.  (d) If a charge is made to a debtor for creditor-placed insurance coverage that exceeds a term of one (1) year, the debtor shall be notified at least annually that the insurance will be canceled and a refund or credit of unearned charges made if evidence of acceptable insurance secured by the debtor is provided.
AR Code § 23-101-106 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 101 - Creditor-Placed Insurance|§ 23-101-106. Calculation and payment of premiums

 (a) Premiums for creditor-placed insurance coverage may be calculated based on:  (1) An amount not exceeding the net debt even though the coverage may limit the insurer's liability to the net debt, actual cash value, or cost of repair; or  (2) Other premium calculation methods that more closely reflect the exposure of each item insured and approximate the premium calculation method of the coverage required by the credit agreement.    (b)  (1) An insurer shall not write creditor-placed insurance for which the premium rate differs from that determined by the schedules of the insurer on file with the Insurance Commissioner.  (2) The premium or amount charged to the debtor for creditor-placed insurance shall not exceed the premiums charged by the insurer, computed at the time the charge to the debtor is determined.    (c) A method of billing insurance charges to the debtor on closed-end credit transactions that creates a balloon payment at the end of the credit transaction or extends the credit transaction's maturity date is prohibited unless specifically disclosed at the time of the origination of the credit agreement and specifically agreed to by the debtor.
AR Code § 23-101-107 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 101 - Creditor-Placed Insurance|§ 23-101-107. Evidence of coverage

 (a) Creditor-placed insurance shall be set forth in an individual policy or certificate of insurance.  (b) A copy of the individual policy, certificate of insurance coverage, or other evidence of insurance coverage shall be mailed, first class mail, or delivered in person to the last known address of the debtor.
AR Code § 23-101-109 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 101 - Creditor-Placed Insurance|§ 23-101-109. Refund of unearned premiums

 (a) Within sixty (60) calendar days after the termination of creditor-placed insurance coverage and in accordance with the formulas approved by the Insurance Commissioner, an insurer shall refund any unearned premium or other identifiable charges.  (b)  (1) Within sixty (60) calendar days after the termination date of creditor-placed insurance coverage, the insurer shall provide to the debtor a statement of refund disclosing the effective date, the termination date, the amount of premium being refunded, and the amount of premium charged for the coverage provided.  (2) No statement shall be required in the event that the policy terminates pursuant to § 23-101-105(b)(4).    (c) The entire amount of premiums, minimum premiums, and fees or charges of any kind shall be refunded if no coverage was provided.
AR Code § 23-101-110 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 101 - Creditor-Placed Insurance|§ 23-101-110. Claims

 (a) In the event of a loss under the creditor-placed insurance policy, the insurer shall pay, at a minimum, the least of the following, the value of which shall be determined as of the date of loss:  (1) The cost to repair the collateral less any applicable deductible;  (2) The actual cash value of the collateral, less any applicable deductible;  (3) The net debt, less any applicable deductible. The method of calculation of net debt payable pursuant to this subdivision (a)(3) shall be identical to the method of calculation of net debt for payment of premiums pursuant to § 23-101-106(a); or  (4) If single interest insurance is provided, the amount by which the creditor's interest is impaired.    (b) The net debt or actual cash value amounts in subsection (a) of this section may be reduced by the value of salvage if the insurer does not take possession of the insured property.  (c) In the event of a loss, no subrogation shall run against the debtor from the insurer.  (d) Whenever a claim is made on a creditor-placed insurance policy, the insurer shall furnish to the claimant a written statement of the loss explaining the settlement amount and the method of settlement.  (e)  (1) A creditor or insurer may not abandon salvage to a towing or storage facility in lieu of payment of storage fees without the consent of the facility and the claimant.  (2)  (A) After the filing of a claim as provided in the policy or certificate of insurance, the insurer shall be responsible for the payment of towing and storage charges for a covered loss occurrence from the time storage is reported to the insurer or lender to the time the claim is paid.  (B) The insurer shall give written notice to the claimant when the claim is paid that the claimant may incur storage charges after the date the claim is paid.
AR Code § 23-101-111 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 101 - Creditor-Placed Insurance|§ 23-101-111. Rights and obligations of the parties

 (a) In order for the creditor to place insurance on the collateral pledged by the debtor and pass the cost of the insurance on to the debtor:  (1) The creditor must have a security interest in the personal property;  (2) The credit agreement must require the debtor to maintain insurance on the collateral to protect the creditor's interest;  (3) The credit agreement must authorize the creditor to place the insurance if the debtor fails to provide evidence of the insurance; and  (4) These requirements must be clearly disclosed to the debtor at the inception of the credit transaction.    (b)  (1) The debtor shall always have the right to provide required insurance through existing policies of insurance owned or controlled by the debtor or of procuring and furnishing the required coverage through an insurer authorized to transact insurance within this state.  (2) However, a creditor may establish maximum acceptable deductibles, insurer solidity standards, and other reasonable conditions with respect to the required insurance.