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 62 - KINDS OF INSURANCE - REINSURANCE (§§ 23-62-101 — 23-62-413) › Subchapter 1 - DEFINITIONS (§§ 23-62-101 — 23-62-112) › Section 23-62-105 - Casualty insurance

(a)
As used in the Arkansas Insurance Code, unless the context otherwise requires, "casualty insurance" includes:
(1)
Vehicle Insurance.
Insurance against loss of or damage to any land vehicle or aircraft or any draft or riding animal or to property while contained therein or thereon or being loaded or unloaded therein or therefrom, from any hazard or cause, and against any loss, liability, or expense resulting from or incidental to ownership, maintenance, or use of the vehicle, aircraft, or animal, together with insurance against accidental death or accidental injury to individuals, including the named insured, while in, entering, alighting from, adjusting, repairing, cranking, or caused by being struck by a vehicle, aircraft, or draft or riding animal, if the insurance is issued as an incidental part of insurance on the vehicle, aircraft, or draft or riding animal;
(2)
Liability Insurance.
Insurance against legal liability for the death, injury, or disability of any human being or for damage to property and the provision of medical, hospital, surgical, disability, or accident and health benefits to injured persons and funeral and death benefits to dependents, beneficiaries, or personal representatives of persons killed, irrespective of legal liability of the insured, when issued as an incidental coverage with or supplemental to liability insurance;
(3)
Workers' Compensation and Employer's Liability.
Insurance of the obligations accepted by, imposed upon, or assumed by employers under law for death, disablement, or injury of employees;
(4)
Burglary and Theft.
Insurance against loss or damage by burglary, theft, larceny, robbery, forgery, fraud, vandalism, malicious mischief, confiscation; or wrongful conversion, disposal, or concealment; or from any attempt at any of the foregoing; including supplemental coverage for medical, hospital, surgical, and funeral expense incurred by the named insured or any other person as a result of bodily injury during the commission of a burglary, robbery, or theft by another; also insurance against loss of or damage to moneys, coins, bullion, securities, notes, drafts, acceptances, or any other valuable papers and documents, resulting from any cause;
(5)
Personal Property Floater.
Insurance upon personal effects against loss or damage from any cause under a personal property floater;
(6)
Glass.
Insurance against loss or damage to glass, including its lettering, ornamentation, and fittings;
(7)
Boiler and Machinery.
Insurance against any liability and loss or damage to property or interest therein resulting from accidents to or explosions of boilers, pipes, pressure containers, machinery, or apparatus, and to make inspection of and issue certificates of inspection upon boilers, machinery, and apparatus of any kind, whether or not insured;
(8)
Leakage and Fire Extinguishing Equipment.
Insurance against loss or damage to any property or interest caused by the breakage or leakage of sprinklers, hoses, pumps, and other fire extinguishing equipment or apparatus, water pipes or containers, or by water entering through leaks or openings in buildings and insurance against loss or damage to sprinklers, hoses, pumps, and other fire extinguishing equipment or apparatus;
(9)
Credit.
Insurance against loss or damage resulting from failure of debtors to pay their obligations to the insured;
(10)
Malpractice.
Insurance against legal liability of the insured and against loss, damage, or expense incidental to a claim of liability including medical, hospital, surgical, and funeral benefits to injured persons, irrespective of legal liability of the insured, arising out of the death, injury, or disablement of any person or arising out of damage to the economic interest of any person, as the result of negligence in rendering expert, fiduciary, or professional service. However, malpractice insurance shall not include abstractor's professional liability insurance;
(11)
Livestock.
Insurance against loss or damage to livestock and for services of a veterinarian for those animals;
(12)
Entertainments.
Insurance indemnifying the producer of any motion picture, television, radio, theatrical, sport, spectacle, entertainment, or similar production, event, or exhibition against loss from interruption, postponement, or cancellation thereof due to death, accidental injury, or sickness of performers, participants, directors, or other principals;
(13)
Elevator.
Insurance against loss of or damage to any property of the insured resulting from the ownership, maintenance, or use of elevators, escalators, and moving stairways, except loss or damage by fire, and to make inspection of and issue certificates of inspection upon elevators, escalators, and moving stairways;
(14)
Abstractor's Professional Liability.
Insurance against legal liability of the insured, and against loss, damage, or expense incidental to a claim of liability arising out of damage to the economic interest of any person as the result of negligence in rendering the professional service of an abstractor;
(15)
Mortgage Lien Protection.
(A)
Insurance issued at the time a loan is originated to indemnify a lender against loss from a borrower's misrepresentation or nondisclosure of an outstanding lien encumbering the borrower's property if the lender has no actual knowledge of the lien.
(B)
Mortgage lien protection shall not be issued for:
(i)
A transaction involving:
(a)
A purchase money mortgage; or
(b)
A transfer of title;
(ii)
Coverage beyond the term of the loan;
(iii)
Coverage for a diminution in value of secured property; or
(iv)
Coverage in excess of two hundred fifty thousand dollars ($250,000).
(C)
The borrower's credit score shall not be used to determine the amount or cost of mortgage lien protection.
(D)
Mortgage lien protection insurance shall not include any other insurance coverage that may be issued by a title insurer as defined in §
23-103-402
; and
(16)
Miscellaneous.
Insurance against any other kind of loss, damage, or liability properly a subject of insurance and not within any other kind of insurance as defined in this subchapter and §§
23-62-201
,
23-62-202
,
23-62-204
,
23-62-205
, and
23-63-701
if that insurance is not disapproved by the Insurance Commissioner as being contrary to law or public policy.
(b)
Provision of medical, hospital, surgical, and funeral benefits and of coverage against accidental death or injury as incidental to and part of other insurance as stated under subdivisions (a)(1), (2), (4), and (10) of this section shall for all purposes be deemed to be the same kind of insurance to which it is so incidental and shall not be subject to provisions of the Arkansas Insurance Code applicable to life insurance or accident and health insurance.
Amended by Act 2017, No. 1082,§ 1, eff. 8/1/2017.
Acts 1959, No. 148, § 76; 1985, No. 744, § 2; A.S.A. 1947, § 66-2405; Acts 2001, No. 1603, §§ 4, 5; 2009, No. 210, § 1.