AR Code § 23-67-211 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 67 - Rates and Rating Organizations|Subchapter 2 - Regulation of Insurance Rates|§ 23-67-211. Filing of rates and other rating information

 (a) Filings as to Competitive Markets.  (1)  (A)  (i) In a competitive market, every insurer shall file with the Insurance Commissioner all rates, supplementary rate information, and supporting information for risks which are to be written in this state.  (ii) The rates and information shall be filed twenty (20) days prior to the effective date.    (B) A filing shall be deemed to meet the requirements of this chapter and to become effective upon the expiration of the waiting period or sooner if approved by the commissioner.    (2)  (A)  (i) In a competitive market, if the commissioner determines after a hearing or by agreement that an insurer's rates require closer supervision because of the insurer's financial condition or its rating practices, the insurer shall file with the commissioner at least sixty (60) days prior to the effective date all rates and supplementary rate information and supporting information prescribed by the commissioner.  (ii) Upon application by the filer, the commissioner may authorize an earlier effective date.    (B) A filing shall be deemed to meet the requirements of this chapter and to become effective upon the expiration of the waiting period.      (b) Filings as to Noncompetitive Markets.  (1)  (A) In a noncompetitive market, every insurer shall file with the commissioner all rates for that market. These rates, supplementary rate information, and supporting information required by the commissioner shall be filed at least sixty (60) days prior to the effective date.  (B) Upon application by the filer, the commissioner may authorize an earlier effective date.    (2) A filing shall be deemed to meet the requirements of this chapter and to become effective upon the expiration of the waiting period unless disapproved by the commissioner.    (c) If a private passenger automobile, homeowners multi-peril, or dwelling fire policy overall rate is increased under this section, then the commissioner shall publish notice of the rate increase and the overall percentage of the rate increase:  (1) On the State Insurance Department's website; and  (2) If the increase is twenty percent (20%) or greater, in a newspaper of general circulation in this state for three (3) consecutive business days.    (d) Effective June 30, 2006, if an insurer writing private passenger automobile, homeowners multi-peril, or dwelling fire insurance revises its rates and the revision results in a premium increase on a renewal policy and the insured will receive a rate increase other than due to a change in the nature of the risk insured, then the insurer shall mail or deliver to the insured and the agent of record not less than thirty (30) calendar days prior to the effective date of renewal a notice specifically stating the insurer's intention to increase the rate for the renewal.  (e) Adherence to Filings. Insurers must adhere to filings made under this section until the filings are amended or withdrawn.