reglab/statecodes huggingface dataset:
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 2 - REGULATION OF INSURANCE RATES (§§ 23-67-201 — 23-67-223) › Section 23-67-213 - Disapproval of rates

(a)
Basis of Disapproval.
(1)
The Insurance Commissioner may disapprove a rate without a hearing if the insurer fails to file the information required pursuant to this chapter.
(2)
The commissioner may disapprove a rate without a hearing if he or she finds that the rate is excessive, inadequate, or unfairly discriminatory under §
23-67-208(b)
, §
23-67-208(c)
, or §
23-67-208(d)
.
(b)
Disapproval Procedures.
(1)
If the commissioner disapproves a rate without a hearing, he or she shall send a notice to the insurer or rating organization stating wherein the filing is deficient in terms of the criteria in §
23-67-209
. An insurer or rating organization aggrieved by any order or decision of the commissioner made without a hearing, within thirty (30) days after notice to the insurer or organization, may make written request to the commissioner for a hearing thereon. The commissioner shall hear the party or parties within twenty (20) days after receipt of the request and shall give not less than ten (10) days' written notice of the time and place of the hearing. The hearing shall be concluded within fifteen (15) days from its commencement, except that the commissioner, for good cause shown and with notice to the interested parties, may grant additional time, not to exceed thirty (30) days. Within fifteen (15) days after the hearing, the commissioner shall affirm, reverse, or modify his or her previous action, specifying his or her reasons therefor. Pending the hearing and decision thereon, the commissioner may suspend or postpone the effective date of his or her previous action.
(2)
For rates in effect pursuant to §§
23-67-211
and
23-67-212
, if the commissioner finds after a hearing that a rate is not in compliance with §§
23-67-208
-
23-67-210
, the commissioner shall issue an order specifying in what respects it so fails and stating when, within a reasonable period thereafter, the rates shall be deemed no longer effective.
(c)
Consent to Excessive Rate.
Upon written consent of the insured stating his or her reasons therefor, a rate in excess of that provided by an otherwise applicable filing may be used on a specific risk. The "consent-to-rate" shall be on a form signed by the insured that includes a statement that the insured consents to a rate in excess of the filed rate. This form shall remain on file with the producing agent or broker.
Acts 1987, No. 959, § 8; 1999, No. 458, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 2 - REGULATION OF INSURANCE RATES (§§ 23-67-201 — 23-67-223) › Section 23-67-214 - Licensing of advisory organizations

(a)
No advisory organization shall provide any service relating to the rates of any insurance subject to this chapter, and no insurer shall utilize the services of the organization for those purposes unless the organization has obtained a license from the Insurance Commissioner.
(b)
No advisory organization shall refuse to supply any services for which it is licensed in this state to any insurer authorized to do business in this state and offering to pay the fair and usual compensation for the services.
(c)
(1)
An advisory organization applying for a license shall include with its application:
(A)
A copy of its constitution, charter, or articles of organization, agreement, association, or incorporation and a copy of its bylaws, plan of operation, and any other rules governing the conduct of its business;
(B)
A list of its members and subscribers;
(C)
The name and address of one (1) or more residents of this state upon whom notices, process affecting it, or orders of the commissioner may be served;
(D)
A statement showing its technical qualifications for acting in the capacity for which it seeks a license;
(E)
License fees as provided by §
23-61-401
; and
(F)
Any other relevant information and documents that the commissioner may require.
(2)
Every organization which has applied for a license shall notify the commissioner of every material change in facts or in the documents on which its application was based. Any amendment to a document filed under this section shall be filed at least thirty (30) days before it becomes effective.
(3)
If the commissioner finds that the applicant and the natural persons through whom it acts are competent, trustworthy, and technically qualified to provide the services proposed and that all requirements of the law are met, the commissioner shall issue a license specifying the authorized activity of the applicant. The commissioner shall not issue a license if the proposed activity would tend to create a monopoly or to lessen substantially the competition in any market.
(4)
Licenses issued pursuant to this section shall remain in effect until the licensee withdraws from the state or until the license is suspended or revoked, subject, however, to continuance of the license by the advisory organization each calendar year by:
(A)
Payment on or before January 1 of a continuation fee as provided in §
23-61-401
;
(B)
Due filing of a letter requesting continuation of its license for the following calendar year; and
(C)
Submission of information which may be required by the commissioner.
Amended by Act 2019, No. 315,§ 2670, eff. 7/24/2019.
Acts 1987, No. 959, § 10.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 2 - REGULATION OF INSURANCE RATES (§§ 23-67-201 — 23-67-223) › Section 23-67-215 - Insurers and advisory organizations - Prohibited activities

(a)
Monopolies.
No insurer or advisory organization shall attempt to monopolize or to combine or conspire with any other person to monopolize an insurance market or make any arrangement with any other insurer, advisory organization, or other person which has the purpose or effect of unreasonably restraining trade or of substantially lessening competition in the business of insurance.
(b)
Advisory Organizations: Prohibited Activity.
In addition to the other prohibitions contained in this chapter, no advisory organization shall, except as specifically permitted under §§
23-67-204
,
23-67-211
,
23-67-212
, and
23-67-216
:
(1)
Compile or distribute recommendations relating to rates that include expenses, other than loss adjustment expenses, or profit except in lines designated by the Insurance Commissioner; or
(2)
File any manual or plan of rates, policy fees, or supporting information on behalf of an insurer.
(c)
An advisory organization may not have or adopt any rule, or exact any agreement, or formulate or engage in any program which would require any member, subscriber, or other insurer to:
(1)
Interfere with the right of any insurer to develop its rates independent of that advisory organization;
(2)
Utilize some or all of its services;
(3)
Adhere to its rates, rating plan, rating systems, underwriting rules, or policy forms; or
(4)
Prevent any insurer from acting independently.
Acts 1987, No. 959, §§ 11, 12.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 2 - REGULATION OF INSURANCE RATES (§§ 23-67-201 — 23-67-223) › Section 23-67-216 - Advisory organizations - Permitted activities

Any advisory organization, in addition to other activities permitted, is authorized to:
(1)
Develop statistical plans, including territorial and class definitions;
(2)
Collect statistical data from members, subscribers, or any other source;
(3)
Prepare and distribute pure premium data, adjusted for loss development and loss trending, in accordance with its statistical plans;
(4)
Prepare, distribute, and file rates and supplementary rate information except as prohibited by §
23-67-215(b)
. Those filings made by advisory organizations shall be for advisory purposes only and shall not be made on behalf of any insurer;
(5)
Distribute information that is filed with the Insurance Commissioner and open to public inspection;
(6)
Conduct research and on-site inspections in order to prepare classifications of public fire defenses;
(7)
Consult with public officials regarding public fire protection as it would affect members, subscribers, and others;
(8)
Conduct research and collect statistics in order to discover, identify, and classify information relating to cause or prevention of losses;
(9)
Prepare and file policy forms and endorsements and consult with members, subscribers, and others relative to their use and application;
(10)
Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;
(11)
Collect, compile, and distribute past and current prices of individual insurers if that information is made available to the general public;
(12)
File rates, supplementary rate information, and supporting information for residual market mechanisms; and
(13)
Furnish any other services not prohibited by this chapter.
Acts 1987, No. 959, § 13.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 2 - REGULATION OF INSURANCE RATES (§§ 23-67-201 — 23-67-223) › Section 23-67-217 - Advisory organizations - Filings

Every advisory organization shall file with the Insurance Commissioner every advisory document pursuant to §
23-67-216
thirty (30) days prior to the effective date. The commissioner may extend the review period an additional thirty (30) days by written notice to the filer before the thirty-day period expires.
Acts 1987, No. 959, § 14.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 2 - REGULATION OF INSURANCE RATES (§§ 23-67-201 — 23-67-223) › Section 23-67-218 - Records and reports

(a)
The Insurance Commissioner may adopt reasonable rules for use by companies to record and report to the commissioner rates and other information determined by the commissioner to be necessary or appropriate for the administration of this chapter and for the effectuation of its purposes.
(b)
(1)
The commissioner may designate an advisory organization to assist the commissioner in gathering, compiling, and reporting the information.
(2)
An insurer is not required to record or report its experience on a classification basis inconsistent with its own rating system.
(3)
The commissioner may request a review of fire protection standards previously approved if filed by an advisory organization.
Amended by Act 2015, No. 961,§ 3, eff. 7/22/2015.
Acts 1987, No. 959, § 15.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 2 - REGULATION OF INSURANCE RATES (§§ 23-67-201 — 23-67-223) › Section 23-67-220 - Examinations

(a)
The Insurance Commissioner may examine any insurer, pool, advisory organization, or residual market mechanism as he or she deems necessary to ascertain compliance with this chapter.
(b)
Every insurer, pool, advisory organization, and residual market mechanism shall maintain reasonable records of the type and kind reasonably adapted to its method of operation containing its experience or the experience of its members, including the data, statistics, or information collected or used in its activities. These records shall be available at all reasonable times to enable the commissioner to determine whether the activities of any advisory organization, insurer, or association comply with the provisions of this chapter. The records shall be maintained in an office within this state or shall be made available to the commissioner for examination or inspection at any time upon reasonable notice.
(c)
The reasonable cost of an examination made pursuant to this section shall be paid by the examined party upon presentation of a detailed account of the costs.
(d)
In lieu of any examination, the commissioner may accept the report of an examination made by the insurance supervisory official of another state pursuant to the laws of that state.
Acts 1987, No. 959, § 16.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 2 - REGULATION OF INSURANCE RATES (§§ 23-67-201 — 23-67-223) › Section 23-67-222 - Administrative procedures

(a)
Administrative procedures exercised by the Insurance Commissioner under this chapter shall be in accordance with §§
23-61-303
-
23-61-306
.
(b)
Appeals from orders of the commissioner made under this chapter shall be made in accordance with §
23-61-307
.
Acts 1987, No. 959, § 19.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 2 - REGULATION OF INSURANCE RATES (§§ 23-67-201 — 23-67-223) › Section 23-67-223 - [Repealed]

Repealed by Act 2017, No. 283,§ 15, eff. 8/1/2017.
Acts 2005, No. 1697, § 18.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 3 - ARKANSAS WORKERS' COMPENSATION INSURANCE PLAN (§§ 23-67-301 — 23-67-313) › Section 23-67-301 - Title

This subchapter shall be known and cited as the "Arkansas Workers' Compensation Insurance Plan".
Acts 1991, No. 561, § 1.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 3 - ARKANSAS WORKERS' COMPENSATION INSURANCE PLAN (§§ 23-67-301 — 23-67-313) › Section 23-67-302 - Purpose

The purpose of this subchapter is to amend this title to provide for the establishment of a mandatory workers' compensation insurance plan to assure coverage for employers who are in good faith entitled, but unable to procure, workers' compensation insurance in this state, and to provide that the operation and regulation of the Arkansas Workers' Compensation Insurance Plan shall be the responsibility of the Insurance Commissioner.
Acts 1991, No. 561, § 1.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 3 - ARKANSAS WORKERS' COMPENSATION INSURANCE PLAN (§§ 23-67-301 — 23-67-313) › Section 23-67-303 - Establishment, operation, and regulation

The Insurance Commissioner shall be responsible for the establishment, operation, and regulation of the Arkansas Workers' Compensation Insurance Plan pursuant to the provisions of this subchapter.
Acts 1991, No. 561, § 1.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 3 - ARKANSAS WORKERS' COMPENSATION INSURANCE PLAN (§§ 23-67-301 — 23-67-313) › Section 23-67-305 - Mandatory participation in Arkansas Workers' Compensation Insurance Plan

(a)
All insurers licensed to transact workers' compensation and employers' liability insurance in this state, as defined in §
23-62-105(a)(3)
and who have qualified to transact workers' compensation insurance pursuant to §
11-9-302(a)
shall participate in the equitable apportionment among them of risks eligible for the Arkansas Workers' Compensation Insurance Plan.
(b)
Participation in the plan expenses, profits, and losses shall be in the proportion that the net direct workers' compensation insurance premiums of each member written in this state during the preceding calendar year bears to the aggregate net direct workers' compensation insurance premiums of all members of the plan written in this state during the preceding calendar year.
Acts 1991, No. 561, § 1.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 3 - ARKANSAS WORKERS' COMPENSATION INSURANCE PLAN (§§ 23-67-301 — 23-67-313) › Section 23-67-306 - Employers entitled to insurance

(a)
Any employer required to secure the payment of compensation under the provisions of §
11-9-404(a)(1)
or any similar federal law shall be entitled to insurance under the provisions of this subchapter, provided:
(1)
The employer pays his or her premium based upon the premium payment rules approved by the Insurance Commissioner;
(2)
The employer has complied with all effective laws, orders, or rules, made by public authorities relating to the welfare, health, and safety of employees;
(3)
The employer is not in default of premium payments owed for workers' compensation insurance. Provided, however, that no employer shall be deemed to be in default of a premium payment if all of the sum by which he or she is alleged to be in default is properly attributable to a good faith, bona fide dispute between the insurer and the employer over the accuracy or legality of an audit of payroll performed by or at the request of the insurer, and which dispute is in formal process of resolution as provided in §
23-67-219(3)
. All such disputes shall be resolved in the manner set forth in §
23-67-219(3)(B)
.
(b)
In order to promote competition and improve servicing carrier performance, an employer applying for coverage or on renewal in the Arkansas Workers' Compensation Insurance Plan may strike six (6) servicing carriers, not to exceed a maximum of one-half (1/2) of the eligible servicing carriers, from the list of eligible servicing carriers to which the employer can be assigned.
Amended by Act 2019, No. 315,§ 2674, eff. 7/24/2019.
Acts 1991, No. 561, § 1; 1993, No. 1155, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 3 - ARKANSAS WORKERS' COMPENSATION INSURANCE PLAN (§§ 23-67-301 — 23-67-313) › Section 23-67-307 - Cancellation of policy

If, after the issuance of a policy providing insurance pursuant to the provisions of this subchapter, the insurer which issued the policy finds that the employer to whom the policy was issued is not, or has ceased to be, entitled to the insurance, the insurer shall have the right to cancel the policy in accordance with §
11-9-408(b)
.
Acts 1991, No. 561, § 1.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 3 - ARKANSAS WORKERS' COMPENSATION INSURANCE PLAN (§§ 23-67-301 — 23-67-313) › Section 23-67-308 - Failure of insurer to comply

If any insurer refuses or neglects to comply with the provisions of this subchapter or with any order or ruling made by the Insurance Commissioner pursuant to this subchapter, the insurer shall be subject to the administrative penalties provided for in the Arkansas Insurance Code.
Acts 1991, No. 561, § 1.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 3 - ARKANSAS WORKERS' COMPENSATION INSURANCE PLAN (§§ 23-67-301 — 23-67-313) › Section 23-67-309 - Appeal

Any person aggrieved by an order or ruling made by the Insurance Commissioner under the provisions of this subchapter shall have the right to appeal the order or ruling pursuant to §
23-61-307
.
Acts 1991, No. 561, § 1.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 3 - ARKANSAS WORKERS' COMPENSATION INSURANCE PLAN (§§ 23-67-301 — 23-67-313) › Section 23-67-310 - Rules

The Insurance Commissioner is authorized to promulgate such reasonable rules as are necessary to carry out the provisions of this subchapter.
Amended by Act 2019, No. 315,§ 2675, eff. 7/24/2019.
Acts 1991, No. 561, § 1.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 3 - ARKANSAS WORKERS' COMPENSATION INSURANCE PLAN (§§ 23-67-301 — 23-67-313) › Section 23-67-311 - Association policies

Under such rules as shall be adopted by the Insurance Commissioner, and notwithstanding other provisions of this chapter, the commissioner is given the authority in the Arkansas Workers' Compensation Insurance Plan to allow the issuance of group or association workers' compensation insurance policies to logging contractors or dealers as sponsors. The policies may, in turn, insure for workers' compensation and employers' liability purposes no fewer than five (5) independent contractors who provide logging services to the sponsoring contractor or dealer. Provided, however, that such association or group coverage be made available on a nondiscriminatory basis to all other industries if the commissioner rules that the coverage is reasonably applicable to that industry and economically sound with respect to the plan.
Amended by Act 2019, No. 315,§ 2676, eff. 7/24/2019.
Acts 1993, No. 1269, § 1.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 3 - ARKANSAS WORKERS' COMPENSATION INSURANCE PLAN (§§ 23-67-301 — 23-67-313) › Section 23-67-312 - Alternate preferred plan

(a)
The Insurance Commissioner shall establish within the Arkansas Workers' Compensation Insurance Plan an alternate preferred plan for employers, including logging or pulpwood dealers or contractors, who have carried workers' compensation insurance coverage continuously for at least four (4) policy years and who have had better than average loss experience and meet such additional reasonable standards as the commissioner shall by rule prescribe.
(b)
Such an alternate preferred plan shall address the issues of deductibles and deposit premiums and make such provisions and allowances with respect thereto which are economically sound and in the best interest of the plan and the industries affected.
Amended by Act 2019, No. 315,§ 2677, eff. 7/24/2019.
Acts 1993, No. 1269, § 1.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 4 - USE OF CREDIT INFORMATION IN PERSONAL INSURANCE ACT (§§ 23-67-401 — 23-67-415) › Section 23-67-401 - Title

This subchapter shall be known and may be cited as the "Use of Credit Information in Personal Insurance Act".
Acts 2003, No. 1452, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 4 - USE OF CREDIT INFORMATION IN PERSONAL INSURANCE ACT (§§ 23-67-401 — 23-67-415) › Section 23-67-402 - Purpose

The purpose of this subchapter is to regulate the use of credit information for personal insurance so that consumers are afforded certain protections with respect to the use of the information.
Acts 2003, No. 1452, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 4 - USE OF CREDIT INFORMATION IN PERSONAL INSURANCE ACT (§§ 23-67-401 — 23-67-415) › Section 23-67-403 - Scope

This subchapter applies to personal insurance and not to commercial insurance or any other type of insurance.
Acts 2003, No. 1452, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 4 - USE OF CREDIT INFORMATION IN PERSONAL INSURANCE ACT (§§ 23-67-401 — 23-67-415) › Section 23-67-404 - Definitions

For the purposes of this subchapter:
(1)
"Adverse action" means a denial or cancellation of, an increase in any charge for, or a reduction or other adverse or unfavorable change in the terms of coverage or amount of any insurance, existing or applied for, in connection with the underwriting of personal insurance;
(2)
"Affiliate" means any company that controls, is controlled by, or is under common control with another company;
(3)
"Applicant" means an individual who has applied to be covered by a personal insurance policy with an insurer;
(4)
"Consumer" means an insured whose credit information is used or whose credit score is calculated in the underwriting or rating of a personal insurance policy or an applicant for the policy;
(5)
"Consumer reporting agency" means any person who for monetary fees, dues, or on a cooperative nonprofit basis regularly engages, in whole or in part, in the practice of assembling or evaluating consumer credit information or other information on consumers for the purpose of furnishing consumer reports to third parties;
(6)
(A)
"Credit information" means any credit-related information derived from a credit report or found on a credit report itself.
(B)
Information that is not credit-related shall not be considered "credit information" regardless of whether it is contained in a credit report or in an application or is used to calculate a credit score;
(7)
(A)
"Credit report" means any written, oral, or other communication of information by a consumer reporting agency bearing on a consumer's credit worthiness, credit standing, or credit capacity that is used or expected to be used or collected, in whole or in part, for the purpose of serving as a factor to determine personal insurance premiums, eligibility for coverage, or tier placement.
(B)
Loss history reports and driving history reports are not considered to be credit reports;
(8)
"Credit score" means a number or rating that is derived from an algorithm, computer application, model, or other process that is based solely on credit information for the purpose of predicting the future insurance loss exposure of an individual applicant or insured; and
(9)
"Personal insurance" means private passenger automobile, homeowners, motorcycle, mobile home owners, noncommercial dwelling fire insurance, noncommercial farm owners, boat, personal watercraft, snowmobile, and recreational vehicle policies.
Acts 2003, No. 1452, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 4 - USE OF CREDIT INFORMATION IN PERSONAL INSURANCE ACT (§§ 23-67-401 — 23-67-415) › Section 23-67-406 - Dispute resolution and error correction

(a)
If it is determined through the dispute resolution process set forth in section 1681i(a)(5) of the Fair Credit Reporting Act,
15 U.S.C. § 1681
et seq., that the credit information of a current insured was incorrect or incomplete and if the insurer receives written notice of the determination from either the consumer reporting agency or from the insured, the insurer shall reunderwrite and rerate the consumer within thirty (30) calendar days of receiving the notice.
(b)
After reunderwriting or rerating the insured, the insurer shall make any necessary adjustments consistent with its underwriting and rating guidelines.
(c)
If an insurer determines that the insured has overpaid a premium, the insurer shall refund to the insured the amount of overpayment.
Acts 2003, No. 1452, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 4 - USE OF CREDIT INFORMATION IN PERSONAL INSURANCE ACT (§§ 23-67-401 — 23-67-415) › Section 23-67-407 - Initial notification

(a)
(1)
If an insurer writing personal insurance uses credit information in underwriting or rating a consumer, the insurer or its agent shall disclose either on the insurance application or at the time the insurance application is taken that it may obtain credit information in connection with the application.
(2)
The disclosure shall be either written or provided to an applicant in the same medium as the application for insurance.
(3)
The insurer need not provide the disclosure statement required under this section to any insured on a renewal policy if the insured has previously been provided a disclosure statement.
(b)
Use of the following example disclosure statement constitutes compliance with this section: "In connection with this application for insurance, we may review your credit report or obtain or use a credit-based score based on the information contained in that credit report. We may use a third party in connection with the development of your credit score.".
Acts 2003, No. 1452, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 4 - USE OF CREDIT INFORMATION IN PERSONAL INSURANCE ACT (§§ 23-67-401 — 23-67-415) › Section 23-67-408 - Adverse action notification

If an insurer takes an adverse action based upon credit information, the insurer shall:
(1)
Provide the consumer the name, address, and phone number of the person or division at the insurance company responsible for handling applicant or policyholder questions concerning credit-based underwriting decisions;
(2)
Provide notification to the consumer that an adverse action has been taken, in accordance with the requirements of section 1681m(a) of the Fair Credit Reporting Act,
15 U.S.C. § 1681
et seq., including:
(A)
The name, address, and toll-free telephone number of the credit bureau that provided the insurer with the credit-based information;
(B)
The fact that the consumer has the right to obtain a free copy of his or her credit report from the appropriate credit bureau; and
(C)
The fact that the consumer has the right to challenge information contained in his or her credit report; and
(3)
(A)
Provide notification to the consumer explaining the reasons for the adverse action.
(B)
(i)
The reasons shall be provided in sufficiently clear and specific language so that a person can identify the basis for the insurer's decision to take an adverse action.
(ii)
The notification shall include a description of up to four (4) factors that were the primary influences of the adverse action.
(C)
The use of generalized terms such as "poor credit history", "poor credit rating", or "poor credit score" does not meet the explanation requirements of this section.
Acts 2003, No. 1452, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 4 - USE OF CREDIT INFORMATION IN PERSONAL INSURANCE ACT (§§ 23-67-401 — 23-67-415) › Section 23-67-409 - Filing

(a)
(1)
Insurers that use credit scores to underwrite or rate risks shall file their scoring models or other scoring processes with the State Insurance Department.
(2)
A third party may file scoring models on behalf of insurers.
(3)
A filing that includes credit scoring shall include loss experience justifying the use of credit information.
(b)
Any proprietary consumer report scoring system or model filed with the Insurance Commissioner under this subchapter shall remain confidential unless otherwise directed by a court order.
Acts 2003, No. 1452, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 4 - USE OF CREDIT INFORMATION IN PERSONAL INSURANCE ACT (§§ 23-67-401 — 23-67-415) › Section 23-67-410 - Indemnification

(a)
An insurer shall indemnify, defend, and hold agents harmless from and against all liability, fees, and costs arising out of or relating to the actions, errors, or omissions of a producer who obtains or uses credit information or credit scores, or both, for an insurer, provided the producer follows the instructions of or procedures established by the insurer and complies with any applicable law or rule.
(b)
Nothing in this section shall be construed to provide a consumer or other insured with a cause of action that does not exist in the absence of this section.
Amended by Act 2019, No. 315,§ 2680, eff. 7/24/2019.
Acts 2003, No. 1452, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 4 - USE OF CREDIT INFORMATION IN PERSONAL INSURANCE ACT (§§ 23-67-401 — 23-67-415) › Section 23-67-411 - Sale of policy term information by consumer reporting agency

(a)
(1)
No consumer reporting agency shall provide or sell data or lists that include any information that, in whole or in part, was submitted in conjunction with an insurance inquiry about a consumer's credit information or a request for a credit report or credit score.
(2)
The information includes, but is not limited to:
(A)
The expiration dates of an insurance policy or any other information that may identify time periods during which a consumer's insurance may expire; and
(B)
The terms and conditions of the consumer's insurance coverage.
(b)
The restrictions provided in subsection (a) of this section do not apply to data or lists the consumer reporting agency supplies to the insurance producer from whom information was received, the insurer on whose behalf the producer acted, or the insurer's affiliates or holding companies.
(c)
Nothing in this section shall be construed to restrict any insurer from being able to obtain a claims history report or a motor vehicle report.
Acts 2003, No. 1452, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 4 - USE OF CREDIT INFORMATION IN PERSONAL INSURANCE ACT (§§ 23-67-401 — 23-67-415) › Section 23-67-412 - Fair Credit Reporting Act

The provisions of this subchapter shall be subject to the Fair Credit Reporting Act,
15 U.S.C. § 1681
et seq.
Acts 2003, No. 1452, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 4 - USE OF CREDIT INFORMATION IN PERSONAL INSURANCE ACT (§§ 23-67-401 — 23-67-415) › Section 23-67-413 - Individual underwriting allowed

Nothing in this subchapter is intended to prevent an insurer from considering each risk on an individual basis, looking at individual risk characteristics and other factors predictive of future loss.
Acts 2003, No. 1452, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 4 - USE OF CREDIT INFORMATION IN PERSONAL INSURANCE ACT (§§ 23-67-401 — 23-67-415) › Section 23-67-414 - Rules

The Insurance Commissioner may make reasonable rules necessary for or as an aid to the effectuation of any provision of this subchapter.
Amended by Act 2019, No. 315,§ 2681, eff. 7/24/2019.
Acts 2003, No. 1452, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 4 - USE OF CREDIT INFORMATION IN PERSONAL INSURANCE ACT (§§ 23-67-401 — 23-67-415) › Section 23-67-415 - [Repealed]

Repealed by Act 2017, No. 283,§ 16, eff. 8/1/2017.
Acts 2003, No. 1452, § 2.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 5 - MALPRACTICE INSURANCE RATES (§§ 23-67-501 — 23-67-510) › Section 23-67-501 - Applicability

(a)
The provisions of this subchapter shall be applicable to malpractice insurance as defined in §
23-62-105(a)(10)
except officers' and directors' liability and fiduciary insurance.
(b)
Section
23-67-208
shall not apply to malpractice insurance.
Acts 2005, No. 1697, § 19.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 5 - MALPRACTICE INSURANCE RATES (§§ 23-67-501 — 23-67-510) › Section 23-67-502 - Standards for rates

Rates for malpractice insurance shall not be:
(1)
(A)
Excessive.
(B)
A rate is excessive if it is likely to produce a profit from an Arkansas business that is unreasonably high in relation to past and prospective loss experience or if expenses are unreasonably high in relation to the product or services rendered;
(2)
(A)
Inadequate.
(B)
A rate is inadequate if, together with investment income attributable to it, it fails to satisfy projected losses and expenses; or
(3)
(A)
Unfairly discriminatory.
(B)
A rate is unfairly discriminatory in relation to another in the same class of business if it does not reflect equitably the differences in expected losses and expenses.
(C)
Rates are not unfairly discriminatory because different premiums result for policyholders with like loss exposures but different expense factors or with like expense factors but different loss exposures if the rates reflect the differences with reasonable accuracy.
Acts 2005, No. 1697, § 19.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 5 - MALPRACTICE INSURANCE RATES (§§ 23-67-501 — 23-67-510) › Section 23-67-503 - Rating criteria

(a)
A malpractice insurer shall consider past and prospective loss experience solely within this state.
(b)
(1)
If insufficient experience exists within this state upon which a rate can be based, the malpractice insurer may consider experience within any other state or states that have similar claim costs and frequency.
(2)
If sufficient experience from any other state is not available, the malpractice insurer may use nationwide experience.
(c)
In its rate filing and records, the malpractice insurer shall provide detailed information on the data supporting the experience it is using.
(d)
When experience outside this state is considered, as much weight as possible shall be given to state experience.
Acts 2005, No. 1697, § 19.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 5 - MALPRACTICE INSURANCE RATES (§§ 23-67-501 — 23-67-510) › Section 23-67-504 - Rate administration

(a)
(1)
The Insurance Commissioner shall promulgate rules requiring each malpractice insurer to record and report its loss and expense experience and any other data, including reserves, the commissioner considers necessary to determine whether rates comply with the standards set forth in §
23-67-502
.
(2)
The information shall be provided in the form prescribed by the commissioner.
(b)
The commissioner may require that the malpractice insurer's annual report and any supplemental report that contains information about a malpractice insurer's loss and loss adjustment reserves be accompanied by an opinion signed and sworn to by a qualified and independent actuary verifying that within the nine (9) months prior to the submission of the report:
(1)
The actuary has conducted a review and analysis of the malpractice insurer's loss and loss adjustment reserves; and
(2)
The reserves are:
(A)
Computed in accordance with accepted loss-reserving standards; and
(B)
Fairly stated in accordance with sound loss-reserving principles.
(c)
The commissioner shall:
(1)
Maintain by malpractice insurer all reports submitted under this section for at least six (6) years; and
(2)
Consider the reports in determining the appropriateness of rates for malpractice insurance.
(d)
The commissioner may:
(1)
Examine and review the assessment of risk for different specialties or practices;
(2)
Hold a public hearing on any filing containing a risk assignment for malpractice insurance to determine whether the risk assignment is reasonable; and
(3)
Issue orders concerning the risk assignment.
Acts 2005, No. 1697, § 19.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 5 - MALPRACTICE INSURANCE RATES (§§ 23-67-501 — 23-67-510) › Section 23-67-505 - Filing of rating information

(a)
Every malpractice insurer shall file with the Insurance Commissioner every manual of classifications, rules, and rates, every rating plan, and every modification of any manual classification, rule, or rate that it proposes to use in this state.
(b)
The expense provisions included in the rates to be used by a malpractice insurer shall reflect its:
(1)
Operating methods; and
(2)
Actual and anticipated expense experience.
(c)
(1)
The rates to be used by a malpractice insurer shall contain provisions for contingencies and an allowance permitting a reasonable rate of return.
(2)
In determining a reasonable rate of return, consideration shall be given to all investment income reasonably attributable to the insurer's malpractice insurance line of business.
(d)
Every filing shall:
(1)
State its proposed effective date;
(2)
Indicate the character and extent of the coverage contemplated; and
(3)
Contain supporting information which may include:
(A)
The experience or judgment of the malpractice insurer making the filing;
(B)
Its interpretation of any statistical data relied upon;
(C)
The experience of other malpractice insurers; and
(D)
Any other factors that the malpractice insurer deems relevant.
Acts 2005, No. 1697, § 19.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 5 - MALPRACTICE INSURANCE RATES (§§ 23-67-501 — 23-67-510) › Section 23-67-506 - Review of filings

(a)
All malpractice rate filings shall remain on file for public inspection.
(b)
Whenever a malpractice insurer files a proposed overall rate increase of twenty percent (20%) or greater, it shall:
(1)
Publish notice of the filing for three (3) consecutive business days in a newspaper of general circulation in this state; and
(2)
Furnish proof of notice to the Insurance Commissioner.
(c)
The commissioner may hold a hearing on any malpractice rate increase filing.
(d)
The commissioner shall approve or disapprove all malpractice rate filings subject to the standards for rates under §
23-67-502
within sixty (60) days after the date of the filing.
(e)
Notwithstanding subsection (d) of this section, the commissioner may approve an excessive rate if he or she finds that the failure to approve the rate may tend to substantially lessen competition in the Arkansas malpractice insurance market.
Acts 2005, No. 1697, § 19.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 5 - MALPRACTICE INSURANCE RATES (§§ 23-67-501 — 23-67-510) › Section 23-67-507 - Disapproval of rates

The Insurance Commissioner shall follow the procedures set forth in §
23-67-213
when any malpractice rate filing under this subchapter is disapproved.
Acts 2005, No. 1697, § 19.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 5 - MALPRACTICE INSURANCE RATES (§§ 23-67-501 — 23-67-510) › Section 23-67-508 - Administrative procedures

(a)
Administrative procedures exercised by the Insurance Commissioner under this subchapter shall be in accordance with §§
23-61-303
-
23-61-306
.
(b)
(1)
Appeals from orders of the commissioner under this subchapter shall be made in accordance with §
23-61-307
.
(2)
Any appeal under this subchapter shall be given precedence over other pending matters so that the court may hold a hearing and reach a decision within thirty (30) days of the filing of the transcript, evidence, and files.
Acts 2005, No. 1697, § 19.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 5 - MALPRACTICE INSURANCE RATES (§§ 23-67-501 — 23-67-510) › Section 23-67-509 - Provisions cumulative

This subchapter supplements existing law. Only those laws and parts of laws in direct conflict with this subchapter are repealed.
Acts 2005, No. 1697, § 19.
Arkansas Code of 1987 (2023) › Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105) › Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417) › Chapter 67 - RATES AND RATING ORGANIZATIONS (§§ 23-67-201 — 23-67-602) › Subchapter 5 - MALPRACTICE INSURANCE RATES (§§ 23-67-501 — 23-67-510) › Section 23-67-510 - Effective date

This subchapter applies to all malpractice policies issued or renewed on or after January 1, 2006.
Acts 2005, No. 1697, § 19.