reglab/housing_qa huggingface dataset:
AR Code § 23-63-1624 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 16 - Licensing and Regulation of Captive Insurers|§ 23-63-1624. Dormant captive insurance company — Definition

 (a) As used in this section, “dormant captive insurance company” means a pure captive insurance company, sponsored captive insurance company, or industrial insured captive insurance company that has:  (1) Ceased transacting the business of insurance, including the issuance of insurance policies; and  (2) No remaining liabilities associated with insurance business transactions, or insurance policies issued before the filing of its application for a certificate of dormancy under this section.    (b)  (1) A captive insurance company domiciled in this state that meets the criteria of subsection (a) of this section may apply to the Insurance Commissioner for a certificate of dormancy.  (2) The certificate of dormancy is subject to renewal every five (5) years and shall be forfeited if not renewed within that time.    (c) A dormant captive insurance company that has been issued a certificate of dormancy shall:  (1) Possess and thereafter maintain unimpaired, paid-in capital and surplus of not less than twenty-five thousand dollars ($25,000);  (2) Before March 15 of each year, submit to the commissioner a report of its financial condition, verified by oath of two (2) of its executive officers, in a form as may be prescribed by the commissioner; and  (3) Pay a license renewal fee as provided in the rules promulgated by the commissioner under Section 18 of Rule and Regulation 73 of the State Insurance Department.    (d) A dormant captive insurance company is not subject to or liable for the payment of any tax under § 23-63-1614.  (e) A dormant captive insurance company shall apply to the commissioner for approval to surrender its certificate of dormancy and resume conducting the business of insurance before issuing any insurance policies.  (f) A certificate of dormancy shall be revoked if a dormant captive insurance company no longer meets the criteria of subsection (a) of this section.  (g) The commissioner may establish guidelines and procedures as necessary to carry out this section.
AR Code § 23-63-1701 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 17 - Protected Cell Company Act|§ 23-63-1701. Short title

 This subchapter may be cited as the “Protected Cell Company Act”.
AR Code § 23-63-1702 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 17 - Protected Cell Company Act|§ 23-63-1702. Purpose

 This subchapter provides:   (1) A basis for the creation of protected cells by a domestic insurer as one means of accessing alternative sources of capital and achieving the benefits of insurance securitization;  (2) Funds to investors in fully funded insurance securitization transactions that are available to pay the insurer's insurance obligations or to repay the investors, or both; and  (3) A means to achieve more efficiencies in conducting insurance securitizations.
AR Code § 23-63-1706 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 17 - Protected Cell Company Act|§ 23-63-1706. Reach of creditors and other claimants

 (a)  (1)  (A) Protected cell assets shall be available only to the creditors of the protected cell company that are creditors to that protected cell.  (B) Those creditors shall be entitled to have recourse to the protected cell assets attributable to that protected cell and shall be absolutely protected from the creditors of the protected cell company that are not creditors in respect to that protected cell.  (C) Creditors of a protected cell shall not be entitled to have recourse against the protected cell assets of other protected cells or the assets of the protected cell company's general account.    (2) Protected cell assets shall be available only to creditors of a protected cell company after all protected cell liabilities have been extinguished or as provided for in the plan of operation relating to that protected cell.    (b) When an obligation of a protected cell company to a person arises from a transaction, or is otherwise imposed, in respect to a protected cell, that obligation of the protected cell company:  (1) Shall extend only to the protected cell assets attributable to that protected cell, and, with respect to that obligation, the person shall be entitled to have recourse only to the protected cell assets attributable to that protected cell; and  (2) Shall not extend to the protected cell assets of any other protected cell or the assets of the protected cell company's general account, and, with respect to that obligation, that person shall not be entitled to have recourse to the protected cell assets of any other protected cell or the assets of the protected cell company's general account.    (c) When an obligation of a protected cell company relates solely to the general account, the obligation of the protected cell company shall extend only to, and that creditor shall be entitled, with respect to that obligation, to have recourse only to the assets of the protected cell company's general account.  (d)  (1) The activities, assets, and obligations relating to a protected cell are not subject to the laws of this state governing life and health and property and casualty guaranty or insolvency funds.  (2) A protected cell or a protected cell company shall not be assessed by or otherwise be required to contribute to any guaranty fund or guaranty association in this state with respect to the activities, assets, or obligations of a protected cell.  (3) This subsection shall not affect the activities or obligations of an insurer's general account.    (e) The establishment of one (1) or more protected cells alone shall not be deemed to be a fraudulent conveyance, an intent by the protected cell company to defraud creditors, or the carrying out of business by the protected cell company for any other fraudulent purpose.
AR Code § 23-63-1707 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 17 - Protected Cell Company Act|§ 23-63-1707. Conservation, rehabilitation, or liquidation of protected cell companies

 (a) Notwithstanding any provision of the Arkansas Insurance Code or any rule promulgated under the Arkansas Insurance Code or any other applicable law or rule, upon any order of conservation, rehabilitation, or liquidation of a protected cell company, the receiver shall be bound to deal with the protected cell company's assets and liabilities, including protected cell assets and protected cell liabilities, in conformance with this subchapter.  (b) With respect to amounts recoverable under a protected cell company insurance securitization, the amount recoverable by the receiver shall not be reduced or diminished as a result of the entry of an order of conservation, rehabilitation, or liquidation with respect to the protected cell company, notwithstanding any provision in the contracts or other documentation governing the protected cell company insurance securitization.
AR Code § 23-63-1708 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 17 - Protected Cell Company Act|§ 23-63-1708. No transaction of an insurance business

 (a) A protected cell company insurance securitization shall not be deemed to be an insurance or reinsurance contract.  (b) An investor in a protected cell company insurance securitization shall not be deemed, by sole means of this investment, to be transacting insurance business in this state.  (c) The underwriters or selling agents and their partners, directors, officers, members, managers, employees, agents, representatives, and advisors involved in a protected cell company insurance securitization shall not be deemed to be conducting an insurance or reinsurance agency, brokerage, intermediary, advisory, or consulting business by virtue of their activities in connection with the protected cell company insurance securitization.
AR Code § 23-63-1709 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 17 - Protected Cell Company Act|§ 23-63-1709. Authority to adopt rules

 The Insurance Commissioner may promulgate rules necessary to carry out the purpose and intent of this subchapter.
AR Code § 23-63-1801 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 18 - Audits of Medical Providers|§ 23-63-1801. Definitions

 As used in this subchapter:   (1) “Covered person” means a person on whose behalf a health care insurer offering health insurance coverage is obligated to pay benefits or provide services;  (2) “Healthcare insurer” means an entity subject to the insurance laws of this state or the jurisdiction of the Insurance Commissioner that contracts or offers to contract to provide health insurance coverage, including, but not limited to, an insurance company, a health maintenance organization, or a hospital medical service corporation;  (3) “Healthcare provider” means any person or entity providing:  (A) Medical, pharmaceutical, optometric, or dental care;  (B) Hospitalization; or  (C) Any other services and goods used for the purpose or incidental to the purpose of preventing, alleviating, curing, or healing human illness or injury;    (4)  (A) “Health insurance coverage” means benefits consisting of medical, pharmaceutical, optometric, or dental care, hospitalization, or other goods or services for the purpose of preventing, alleviating, curing, or healing human illness provided, directly or indirectly, through insurance, reimbursement, or otherwise, including items and services paid for under any policy, certificate, or agreement offered by a health care insurer.  (B) “Health insurance coverage” does not include policies or certificates covering only accident, credit, disability income, long-term care, hospital indemnity, Medicare supplemental policy as defined in 42 U.S.C. § 1395ss(g)(1), a specified disease, other limited benefit health insurance, automobile medical payment insurance, or claims under the Workers' Compensation Law, § 11-9-101 et seq., Public Employee Workers' Compensation Act, § 21-5-601 et seq., or the Comprehensive Health Insurance Pool Act, § 23-79-501 et seq.; and    (5) “Recoupment” means any action or attempt by a health care insurer to recover or collect payments already made to a health care provider with respect to a claim:  (A) By reducing other payments currently owed to the health care provider;  (B) By withholding or setting off the amount against current or future payments to the health care provider;  (C) By demanding payment back from a health care provider for a claim already paid; or  (D) By any other manner that reduces or affects the future claim payments to the health care provider.
AR Code § 23-63-1802 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 18 - Audits of Medical Providers|§ 23-63-1802. Time for recoupment

 (a)  (1) Except in cases of fraud committed by a healthcare provider, a healthcare insurer may exercise recoupment from a healthcare provider only during the eighteen-month period after the date that the healthcare insurer paid the claim submitted by the healthcare provider.  (2) A healthcare provider may submit a corrected claim for up to six (6) months after recoupment for services that were actually provided but billed in error without the intent to defraud.    (b)  (1) A healthcare insurer that exercises recoupment under this section shall give the healthcare provider a written or electronic statement specifying the basis for the recoupment.  (2) At a minimum, the statement shall contain the information required by § 23-63-1804.
AR Code § 23-63-1803 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 18 - Audits of Medical Providers|§ 23-63-1803. Persons not covered

 (a) If a health care insurer determines that payment was made for services not covered under the covered person's health insurance coverage, the health care insurer shall give written notice to the health care provider of its intent to exercise recoupment and may:  (1) Request a refund from the health care provider; or  (2) Make a recoupment of the payment from the health care provider in accordance with § 23-63-1804.    (b)  (1) Except in the case of fraud committed by the health care provider or as provided in subdivision (b)(2) of this section, subsection (a) of this section shall not apply if a health care provider or other party on its behalf verified from the health care insurer or its agent that an individual was a covered person and if the health care provider in good faith provided services to the individual in reliance on the verification.  (2) A health care insurer has one hundred twenty (120) days from the date of payment to notify the provider of a verification error and the fact that services rendered will not be covered if the error was made in good faith at the time of the verification.
AR Code § 23-63-1804 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 18 - Audits of Medical Providers|§ 23-63-1804. Recoupments — Required disclosures

 If a health care insurer exercises recoupment, then the health care insurer shall provide the health care provider written documentation that specifies the:   (1) Amount of the recoupment;  (2) Covered person's name to whom the recoupment applies;  (3) Patient identification number;  (4) Date or dates of service;  (5) Service or services on which the recoupment is based;  (6) Pending claims being recouped or future claims that will be recouped; and  (7) Specific reason for the recoupment.
AR Code § 23-63-1805 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 18 - Audits of Medical Providers|§ 23-63-1805. Penalties

 The failure to comply with any provision of this subchapter shall be deemed an unfair trade practice under the Trade Practices Act, § 23-66-201 et seq., and may be punished by the fines and penalties established under §§ 23-60-108, 23-66-210, and 23-66-215.
AR Code § 23-63-1806 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 18 - Audits of Medical Providers|§ 23-63-1806. Rules

 The Insurance Commissioner shall adopt rules by January 1, 2006, to ensure compliance with this subchapter.
AR Code § 23-63-1807 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 18 - Audits of Medical Providers|§ 23-63-1807. No waiver of provisions

 The provisions of this subchapter shall not be waived, voided, or nullified by contract.
AR Code § 23-63-1808 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 18 - Audits of Medical Providers|§ 23-63-1808. Application — Audit recoupment

 The provisions of this subchapter that allow for audit recoupment from healthcare providers do not apply to a service that was authorized under § 23-99-1109, § 23-99-1113, or § 23-99-1116, except as provided for in § 23-99-1109(b).
AR Code § 23-63-1901 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 19 - Property and Casualty Actuarial Opinion Law|§ 23-63-1901. Title

 This subchapter shall be known and may be cited as the “Property and Casualty Actuarial Opinion Law”.
AR Code § 23-63-1902 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 19 - Property and Casualty Actuarial Opinion Law|§ 23-63-1902. Definitions

 As used in this subchapter:   (1) “Actuarial opinion summary” means a summary of the information supporting a statement of actuarial opinion;  (2) “Appointed actuary” means the actuary appointed by a property and casualty insurance company to prepare a statement of actuarial opinion and an actuarial opinion summary; and  (3) “Statement of actuarial opinion” means the actuarial opinion of an appointed actuary prepared in accordance with the appropriate National Association of Insurance Commissioners' Property and Casualty Annual Statement Instructions.
AR Code § 23-63-1903 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 19 - Property and Casualty Actuarial Opinion Law|§ 23-63-1903. Annual statement of actuarial opinion, actuarial opinion summary, and supporting documentation required

 (a)  (1) Unless exempted by the Insurance Commissioner, a property and casualty insurance company doing business in this state shall annually file with the commissioner a statement of actuarial opinion and an actuarial opinion summary.  (2) A property and casualty insurance company licensed but not domiciled in this state shall provide the actuarial opinion summary upon request.    (b)  (1) An actuarial report and underlying work papers as required by the appropriate National Association of Insurance Commissioners' Property and Casualty Annual Statement Instructions shall be prepared to support each statement of actuarial opinion.  (2) If a property and casualty insurance company fails to provide a supporting actuarial report or underlying work papers at the request of the commissioner or the commissioner determines that the supporting actuarial report or work papers provided by the insurance company are not acceptable to the commissioner, the commissioner may engage a qualified actuary at the expense of the property and casualty insurance company to:  (A) Review the statement of actuarial opinion and the basis for the statement of actuarial opinion; and  (B) Prepare the supporting actuarial report or work papers.
AR Code § 23-63-1904 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 19 - Property and Casualty Actuarial Opinion Law|§ 23-63-1904. Liability of appointed actuary

 An appointed actuary is not liable for damages to any person other than the property and casualty insurance company or the Insurance Commissioner, or both the property and casualty insurance company and the commissioner, for any act, error, omission, decision, or conduct with respect to the actuary's statement of actuarial opinion, except in cases of fraud or willful misconduct on the part of the appointed actuary.
AR Code § 23-63-2001 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 20 - Corporate Governance Annual Disclosure Act|§ 23-63-2001. Title

 This subchapter shall be known and may be cited as the “Corporate Governance Annual Disclosure Act”.
AR Code § 23-63-2002 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 20 - Corporate Governance Annual Disclosure Act|§ 23-63-2002. Purpose — Intent

 (a) The purpose of this subchapter is to:  (1) Provide the Insurance Commissioner a summary of the corporate governance structure, policies, and practices of an insurer or insurance group to allow the commissioner an opportunity to gain and maintain a better understanding of the corporate governance framework of an insurer operating in this state;  (2) Outline the requirements for completing a corporate governance annual disclosure; and  (3) Provide assurance for the confidential treatment of the corporate governance annual disclosure and related information due to the confidential and sensitive information it will reveal as it relates to the internal operations and proprietary and trade secret information of an insurer or insurance group which, if made public, could potentially cause the insurer or insurance group competitive harm or disadvantage.    (b) It is the intent of the General Assembly that this subchapter:  (1) Shall not be construed to prescribe or impose corporate governance standards and internal procedures beyond that which is required under applicable state corporate law;  (2) Shall not be construed to limit the commissioner's authority or the rights or obligations under § 23-61-201 et seq.; and  (3) Applies to an insurer domiciled in this state.
AR Code § 23-63-2003 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 20 - Corporate Governance Annual Disclosure Act|§ 23-63-2003. Definitions

 As used in this subchapter:   (1) “Corporate governance annual disclosure” means a confidential report filed by an insurer or insurance group made according to this subchapter;  (2) “Insurance group” means those insurers and affiliates included within an insurance holding company system as defined in the Insurance Holding Company Regulatory Act, § 23-63-501 et seq.;  (3)  (A) “Insurer” means a person engaged as indemnitor, surety, or contractor in the business of entering into contracts of insurance.  (B) “Insurer” does not include agencies, authorities, or instrumentalities of the United States, its possessions and territories, the Commonwealth of Puerto Rico, the District of Columbia, or a state or political subdivision of a state; and    (4) “Person” includes an individual, insurer, company, association, organization, Lloyd's, society, reciprocal or inter-insurance exchange, partnership, syndicate, business trust, corporation, and every legal entity.
AR Code § 23-63-2005 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 63 - Insurance Companies Generally|Subchapter 20 - Corporate Governance Annual Disclosure Act|§ 23-63-2005. Corporate governance annual disclosure

 (a)  (1) The insurer or insurance group shall have discretion over the responses to the corporate governance annual disclosure inquiries or questions if the corporate governance annual disclosure contains the material information necessary to permit the Insurance Commissioner to gain an understanding of the insurer's or insurance group's corporate governance structure, policies, and practices.  (2) The commissioner may request additional information that he or she deems material and necessary to provide the commissioner with a clear understanding of the corporate governance policies, the reporting or information system, or controls implementing those policies.    (b) Notwithstanding subsection (a) of this section, the corporate governance annual disclosure shall be prepared consistent with any rule promulgated under § 23-63-2010.  (c) Documentation and supporting information shall be maintained and made available upon examination or upon request of the commissioner.