reglab/statecodes huggingface dataset:
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.92-001 - Educational Requirements for Insurance Agents

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1. PURPOSE
The purpose of this rule and regulation ("rule") is to implement
			 Act 53 4 of 1983, as amended, by establishing curricula for courses of
			 instruction required to be completed by applicants seeking insurance licenses
			 in Arkansas, to establish criteria for approval of providers of the courses of
			 instruction, to establish a mechanism of examination and review of the
			 performance and quality of the instruction and to delineate the areas of
			 responsibility of the Insurance Advisory Examining Board.
SECTION 2. AUTHORITY
This rule is used pursuant to the authority vested in the
			 Commissioner under Ark. Code Ann. Sections
			 23-61-108,
			 23-74-101,
			 et sea. ,
			 23-75-101,
			 et sea. ,
			 23-76-101,
			 leg.,
			 25-15-202,
			 et sea., and Act 534 of 1983, as amended, and codified as Sections
			 23-64-201,
			 et sea.
SECTION 3.
		  APPLICABILITY AND SCOPE
This rule shall apply to ail applicants seeking a license as an
			 insurance agent, broker, soliciror, and consultant, and seeking a license as a
			 health maintenance organization ("HMO") agent, except those specifically
			 exempted pursuant to the provisions of Arkansas law, and seeking a license as a
			 fraternal benefit society agent except those specifically exempted pursuant to
			 the provisions of Arkansas law. This rule is intended to complement the
			 provisions of Rule and Regulation 5, "Agent License for Health Maintenance
			 Organizations", and is not intended to supersede Rule and Regulation 35.
SECTION 4. EFFECTIVE DATE
This rule shall be effective December 30, 1991.
SECTION 5. COURSE REQUIREMENTS
A. All candidates for an Arkansas life and/or
		  disability agent's license, for a health maintenance organization agent's
		  license and for a fraternal benefit society agent's license are hereby required
		  to complete a course of instruction with a minimum of 36 hours of classroom
		  instruction which includes, but is not limited to, all of the following, as
		  applicable:
1. Introduction to
		  Insurance
2. State Insurance
		  Regulations [Not Less Than Five Hours)
3. Life Insurance Basics
4. Life Insurance Policies and Policy
		  Provisions
5. Life Insurance Policy
		  Options ("Settlement") and Annuities
6. Health Insurance Basics
7. Health Insurance Policy
		  Provisions
8.  Disability Income
		  Insurance
9. Medical Expense
		  Insurance - Including Medicare Supplement Ins.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.92-003 - Regulation of Bail Bond Business

Current through Register Vol. 49, No. 6, June, 2024
SECTION
		  1. PURPOSE
The purpose of this Rule and Regulation ("rule" J is to sat
			 specific requirements that should be followed by companies engaged in the bail
			 bond business in this State, pursuant to Act 417 of.1989, codified as Ark. Code
			 Ann. §
								17-17-101 et
			 sen.
SECTION 2. AUTHORITY
This rule is issued pursuant to the authority vested in the
			 Commissioner under Ark. Code Ann. §§
								25-15-201, et
			 sea.,
			 17-17-106
			 (Supp. 1991),
			 23-51-108
			 (1987), and all other applicable provisions of Arkansas law.
SECTION 3. EFFECTIVE DATE AND APPLICABILITY
This rule shall be effective January 8, 1992 and shall be
			 applicable to all qualified professional bail bond companies and their
			 licensees and all applicants for a professional bail bond company or individual
			 bail bondsman license.
SECTION
		  4. DEFINITIONS
The following definitions as used in this rule shall have the
			 fallowing meaning:
A. "Department"
		  shall mean the Arkansas Insurance Department:;
B. "Commissioner" shall mean the Commissioner
		  of Insurance;
C. "Company" shall
		  mean a professional bail bond company as defined by Ark. Code Ann. §
								17-17-101(7);
D. Bail bondsman" shall mean a professional
		  bail bondsman as defined by Ark. Code Ann. §
								17-17-101(6);
E. "Premium" shall mean the money paid to a
		  bail bondsman or professional bail bond company for release of an
		  arrestee;
F. "Arrestee" shall mean
		  any person actually detained or subject to detention in custody whose release
		  may lawfully be effected by bail;
G. "Licensee" shall mean a professional bail
		  bond- comnany or a professional bail bondsman;
H. "Bail bond" shall mean a bond for a
		  specified monetary amount executed
by
the defendant or
		  principal and a qualified licensee which is issued to a court, magistrate, or
		  authorized officer as security for the subsequent court appearance of the
		  defendant upon his release from actual custody pending the
		  appearance;
I. "Jail" shall mean
		  any police station, sheriff's office or other place vhere persons in the
		  custody of the law are detained;
J.
		  "Principal" shall mean the person(s) paying the bail bond premium and/or giving
		  the collateral.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.92-004 - Arkansas Workers' Compensation Insurance Plan

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1. AUTHORITY
This Rule and Regulation is adopted and promulgated by the
			 Insurance Commissioner for the State of Arkansas ("Commissioner") pursuant to
			 the authority vested in the Commissioner by Act 561 of 1991, codified as
			 Arkansas Code Annotated §§
								23-67-201, et
			 seq., and by Arkansas Code Annotated §§
								23-61-108,
			 23-67-119,
			 23-79-109
			 and
			 25-15-201, et
			 seq.
SECTION 2. PURPOSE
The purpose of this Rule and Regulation is to establish 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 the State of Arkansas and to provide for the operation and
			 regulation of the workers' compensation insurance plan.
SECTION 3. EFFECTIVE DATE
This Rule and Regulation shall be effective February 1, 1992 for
			 new policies issued through the Arkansas Workers' Compensation Insurance Plan,
			 and for renewal policies issued through the Arkansas Workers' Compensation *
			 Insurance Plan with an effective date of February 1, 1992 and subsequent
			 thereto.
SECTION 4.
		  DEFINITIONS
A. "Commissioner" shall mean the
		  Insurance Commissioner for the State of Arkansas.
B. "Plan" shall mean the Arkansas Workers'
		  Compensation Insurance Plan.
C.
		  "Council" shall mean the National Council on Compensation Insurance.
D. "Agent" shall mean a person properly
		  licensed to sell workers' compensation insurance in the State of
		  Arkansas.
E. "Employer" shall mean
		  an entity which is applying for or has obtained a policy issued through the
		  Plan.
F. "Carrier" shall mean an
		  insurer authorized to write workers' compensation insurance in the State of
		  Arkansas, and who has qualified to transact workers' compensation insurance
		  pursuant to Arkansas Code Annotated §ll-9-302(a).
G. "Servicing Carrier" shall mean one of the
		  carriers approved by the Commissioner to which administration of a policy
		  issued through the Plan may be assigned by the Council.
H. "Assigned Carrier" shall mean the
		  servicing carrier which the Council has determined shall provide coverage to an
		  employer applying for an assignment.
I. "Voluntary Offer of Coverage" shall mean
		  an offer from a carrier to an employer to provide any and all commercial
		  insurance coverage requested by the employer, including workers' compensation
		  insurance coverage, in the voluntary market utilizing any rating plan approved
		  for use in the State of Arkansas by the Commissioner for that
		  carrier.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.92-005 - Minimum Standards for Medicare Supplement Policies

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1. PURPOSE
The purpose of this rule and regulation is to provide for the
			 reasonable standardization of coverage and simplification of terms and benefits
			 of Medicare supplement policies; to facilitate public understanding and
			 comparison of such policies; to eliminate provisions contained in such policies
			 which may be misleading or confusing in connection with the purchase of such
			 policies or with the settlement of claims; and to provide for full disclosures
			 in the sale of disability insurance coverages to persons eligible for
			 Medicare.
SECTION 2.
		  AUTHORITY
This rule and regulation is issued pursuant to the authority
			 vested in the Commissioner under Act 72 of 1991 (First Extraordinary Session),
			 Ark. Code Ann. §
								23-61-108,
			 §
								23-66-201 through §
								23-66-214,
			 §§
								23-66-301,
			 et seq., §
								23-79-109,
			 §
								23-79-110,
			 §
								23-85-105,
			 § 23-74-122, §
								23-75-111,
			 §
								23-76-125 and
			 §§
								25-15-202,
			 et seq., and
			 Public
			 Law 101-508.
SECTION 3. APPLICABILITY AND SCOPE
A. Except as otherwise specifically provided
		  in Sections 7, 11, 12 and 20, this rule and regulation shall apply to:
(1) All Medicare supplement policies
		  delivered or issued for delivery in this State on or after the effective date
		  hereof; and
(2) All certificates
		  issued under group Medicare supplement policies which certificates have been
		  delivered or issued for delivery in this State.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.93-005 - Rule #30 - Funeral Expense Insurance

Current through Register Vol. 49, No. 6, June, 2024
SECTION
		  1. PURPOSE
The purpose of this Rule is to define funeral expense insurance
			 as required by Ark. Code Ann. §
								23-64-206(g)
			 (8), and to set out the general requirements
			 that must be met in selling this form of life insurance.
SECTION 2. AUTHORITY
This Rule is promulgated pursuant to the Commissioner's authority
			 under Ark. Code Ann. §
								23-61-108, and
			 §
								23-63-106,
			 §
								23-64-206
			 and §§
								25-15-201, et
			 seq.
SECTION 3. DEFINITIONS
A. Funeral Expense Insurance
Funeral expense insurance is that form of life insurance as
			 defined in Ark. Code Ann. §
									23-62-102 which
			 provides benefits for expenses incurred in connection with the death of the
			 insured and which does not exceed $7,500; and which term includes deferred
			 annuities which do not exceed total premiums of $7,500 for the same purposes,
			 excluding variable annuities.
B. Insurer
Insurer as used in this Rule is any authorized life insurer,
			 fraternal benefit society, stipulated premium insurer or mutual assessment life
			 insurer.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.94-001 - Rule #59 - Modified Guaranteed Annuities

Current through Register Vol. 49, No. 6, June, 2024
Section
		  1. Purpose
The purpose of this regulation is to provide rules for a modified
			 guaranteed annuity, a variable annuity whose assets are placed in a separate
			 account.
Section 2.
		  Authority
This rule is issued pursuant to the authority vested in the
			 Insurance Commissioner of the State of Arkansas under A.C.A. §§
								23-61-108 and
			 23-81-405,
			 and §§
								25-15-201, et
			 seq. This Rule will take effect on March 1, 1994.
Section 3. Applicability and Scope
This Regulation shall apply to:
A. The qualifications of agents who sell
		  modified guaranteed annuity contracts in this State;
B. The qualification of insurers who issue
		  such contracts;
C. The required
		  contract form and provisions for issue of such coverage in this State;
		  and
D. The manner in which separate
		  account assets, supporting such issued contracts, are to be maintained and
		  reported.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.94-007 - Reg. 60 - Accelerated Benefits Provisions in Life Insurance Policies

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1. PURPOSE.
The purpose of this Regulation is to regulate accelerated benefit
			 provisions of individual and group life insurance policies and to provide
			 required standards of disclosure.
SECTION
		  2. AUTHORITY AND SCOPE. This Rule shall be issued under the
		  authority of the Commissioner pursuant to Ark. Code Ann. §
							23-61-108,
		  §§
							25-15-201, et
		  seq., and other applicable laws. This Regulation shall apply to all licensed
		  domestic, foreign and alien life insurers. This Rule shall apply to ail
		  accelerated benefits provisions of individual and group life insurance policies
		  and riders attached thereto issued or issued for delivery in this State, except
		  long term care insurance policies.
SECTION
		  3. EFFECTIVE DATE. The provisions of this Rule shall be effective
		  August 1, 1994, upon signature of the Commissioner, and upon filing with the
		  Arkansas Secretary of State and the Arkansas State Library, pursuant to Ark.
		  Code Ann. §§
							25-15-201, et
		  seq., as amended by Act 1106 of 1993.
Insurers' compliance with this Rule and Regulation shall commence
			 on and after November 1, 1994.
SECTION
		  4. DEFINITIONS.
A. "Accelerated
		  benefits" covered under this Regulation are benefits payable under a life
		  insurance contract:
(1) To a policyowner or
		  certificate holder, during the lifetime of the insured, in anticipation of
		  death or upon the occurrence of specified life-threatening or catastrophic
		  conditions as defined by the policy or rider; and
(2) Which may reduce or eliminate the death
		  benefit otherwise payable under the life insurance contract; and
(3) Which are payable upon the occurrence of
		  a single qualifying event which results in the payment of a benefit amount
		  fixed at the time of acceleration.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.94-009 - Reg. 62 - Reserves for Funeral Expense Insurance

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1. PURPOSE. The purpose of this Rule
		  is to promulgate guidelines for the voluntary establishment of reserves for
		  funeral expense insurance as referenced in Ark. Code Ann. §
							23-64-206(g)(8),
		  and defined in the Commissioner's Rule and Regulation 30.
SECTION 2. AUTHORITY. This Rule is
		  promulgated pursuant to the Commissioner's authority under Ark. Code Ann.
		  §
							23-61-108, and
		  §
							23-63-106,
		  §
							23-64-206
		  and §§
							25-15-201, et
		  seq.
SECTION 3. DEFINITIONS.
(a) "Funeral expense insurance" is that form
		  of insurance as defined in the Commissioner's Rule and Regulation 30, "Funeral
		  Expense Insurance".
(b) "Insurer"
		  as used in this Rule is any authorized life insurer, fraternal benefit society,
		  stipulated premium insurer or mutual assessment life insurer.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.95-001 - Reg. 63 - Emergency - Trust Fund Release Forms for Prepaid Funeral Benefits Contracts

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1.
		  PURPOSE. The purpose of this Emergency Rule is to adopt forms for use in
		  release of trust fund proceeds by Sellers of Prepaid Funeral Benefits Contracts
		  maintaining licensure with the Arkansas Insurance Commissioner ("Commissioner")
		  on and after July 1, 1995 pursuant to the provisions of Arkansas Act 852 of
		  1993.
SECTION 2. AUTHORITY &
		  EFFECTIVE DATE: EMERGENCY ADOPTION. Authority for this Emergency Rule is given
		  to the Insurance Commissioner for the State of Arkansas by Ark. Code Ann.
		  §§
							23-61-108,
		  23-76-120,
		  25-15-204(b),
		  et seq., and Act 852 of 1993, effective on and after July 1, 1995. It is hereby
		  declared that the immediate adoption of this Rule is necessary to implement
		  trust fund release provisions of Act 852 of 1993, to prevent imminent peril to
		  the health, safety or welfare of the citizens of this State. Therefore the
		  provisions of this Emergency Rule shall become effective July 1, 1995, or
		  immediately thereafter upon signature by the Commissioner and filing; and shall
		  expire 120 days from its effective date, unless sooner replaced with a
		  permanent Rule adopted by the Commissioner after public notice and a
		  hearing.
SECTION 4. APPLICABILITY
		  AND SCOPE. This Emergency Rule shall apply to all persons engaged in the
		  business of selling prepaid funeral benefits contracts under Ark. Code Ann.
		  §§
							23-40-101,
		  et seq,, as amended by Act 852 of 1993.
SECTION
		  5. FORMS ADOPTED. On and after July 1, 1995, permittees under Ark.
		  Code Ann. §§
							23-40-101,
		  et seq., selling Prepaid Funeral Benefits Contracts shall duplicate and use the
		  Forms attached as exhibits to this Emergency Rule for trust fund releases, as
		  applicable. They are Seller's Affidavit of Contract Performance, Form FNL-C1;
		  Seller's Affidavit for Cancellation, Form FNL-C2; and Affidavit and Request of
		  Purchaser to Cancel, Form FNL-C3.
SECTION
		  6. SEVERABILITY. Any section or provision of this Emergency Rule
		  held by a court to be invalid or unconstitutional will not affect the validity
		  of any other section or provision of this rule.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.95-002 - Reg. 35 - Emergency - Agent License for Health Maintenance Organizations

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1. PURPOSE
The purpose of this Emergency Rule is to set the standards and
			 guidelines under which agents for Health Maintenance Organizations ("HMO") can
			 be licensed by the State of Arkansas.
SECTION 2. AUTHORITY: EMERGENCY ADOPTION
The authority for this Emergency Rule is the power given to the
			 Insurance Commissioner for the State of Arkansas by Ark. Code Ann. §§
								23-61-108,
			 23-76-120,
			 and the emergency adoption provisions of the Administrative Procedure Act,
			 §
								25-15-204(b),
			 et seq.
SECTION 3.
		  EFFECTIVE DATE: EMERGENCY
It is hereby declared that the immediate adoption of this Rule is
			 necessary to implement and clarify the provisions of Ark. Code Ann. §
								23-76-120,
			 as to nonresident HMO agent licensure. Immediate adoption is necessary to
			 prevent imminent peril to the public health, safety or welfare to the citizens
			 of this State. Therefore the provisions of this Emergency Rule shall become
			 effective immediately upon signature by the Commissioner and filing. The
			 Emergency Rule shall expire one hundred and twenty (120) days from its
			 effective date, unless sooner replaced with a permanent Rule adopted by the
			 Commissioner after public notice and a hearing.
SECTION 4. APPLICABILITY AND SCOPE '
This Emergency Rule shall apply to all persons engaged in the
			 business of marketing contracts, soliciting enrollments, or offering
			 memberships with a Health Maintenance Organization.
SECTION 5. DEFINITIONS
a) "Agent" means any person who engages in
		  solicitation and enrollment for any Health Maintenance Organization, but shall
* exclude any salaried officer or employee who has duties that
			 are primarily administrative and who receives no commission for applications
			 taken or enrollments made.
b) "Applicant" means any person, firm or
		  corporation who has applied for a certificate of authority as a Health
		  Maintenance Organization.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.95-003 - Reg. 63 - Trust Fund Release Forms for Prepaid Funeral Benefits Contracts

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1. PURPOSE.
		  The purpose of this Rule is to adopt forms for use in release of trust fund,
		  proceeds by Sellers of Prepaid Funeral Benefits Contracts maintaining licensure
		  with the Arkansas Insurance Commissioner ("Commissioner") pursuant to the
		  provisions of Arkansas Act 852 of 1993.
SECTION
		  2. AUTHORITY & EFFECTIVE DATE. Authority for this Rule is
		  given to the Insurance Commissioner for the State of Arkansas by Ark. Code Ann.
		  §§
							23-61-108,
		  23-76-120,
		  25-15-204(b),
		  et seq., and Act 852 of 1993, effective on and after July 1, 1995. This Rule
		  replaces Emergency Rule 63. This Rule shall be effective on September 1, 1995
		  upon statutory filing.
SECTION 3.
		  APPLICABILITY AND SCOPE. This Rule shall apply to all persons engaged in the
		  business of selling prepaid funeral benefits contracts under Ark. Code Ann.
		  §§
							23-40-101,
		  et seq., as amended by Act 852 of 1995. Pursuant to a consent judgment entered
		  into by the Arkansas Insurance Department in Denver Roller. Inc.. et al v. Lee
		  Douglass. Arkansas Insurance Commissioner, et al. Sixth Division, Chancery
		  Court of Pulaski County, #IJ-95-3B35 (1995), Section 12 of Act 852 of 1995,
		  amending Ark. Code Ann. §
							23-40-122,
		  is not applicable to prepaid funeral benefit contracts executed prior to July
		  1, 1995. The provisions of this Rule shall apply to all prepaid funeral benefit
		  contracts entered into on or after September 1, 1995, or immediately thereafter
		  upon signature by the Commissioner and filing.
SECTION 4. FORMS ADOPTED. On and after
		  September 1, 1995, permittees under Ark. Code Ann. §§
							23-40-101,
		  et seq., selling Prepaid Funeral Benefits Contracts shall duplicate and use the
		  Forms attached as exhibits to this Rule for trust fund releases, as applicable.
		  They are Seller's Affidavit of Contract Performance: Request To Withdraw Funds
		  or Proceeds, Form FNL-C1; Seller's Affidavit for Cancellation, Form FNL-C2;
		  Affidavit and Request of Purchaser to Cancel, Form FNL-C3; and Instructions for
		  Record Keeping.
SECTION 5.
		  SEVERABILITY. Any section or provision of this Emergency Rule held by a court
		  to be invalid or unconstitutional will not affect the validity of any other
		  section or provision of this rule.
CONTACT PERSON
: Booth Rand, Associate
			 Counsel, Arkansas Insurance Department, 1123 South University Avenue, Little
			 Rock, Arkansas 72204; (501) 686-2999.
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Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.95-004 - Reg. 35 - Agency License for Health Maintenance Organizations

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1. PURPOSE
The purpose of this Rule is to set the standards and guidelines
			 under which agents for Health Maintenance Organizations can be licensed by the
			 State of Arkansas.
SECTION
		  2. AUTHORITY
The authority for this Rule is the power given to the Insurance
			 Commissioner for the State of Arkansas by Ark. Code Ann. §§
								23-61-108,
			 23-61-701, et
			 seq.,
			 25-15-201, et
			 seq., and
			 23-76-120.
SECTION 3. EFFECTIVE DATE
The Rule shall be effective on September 1, 1995.
SECTION 4. APPLICABILITY AND SCOPE
This Rule shall apply to all individuals, corporate or
			 partnership agencies engaged in the business of marketing contracts, soliciting
			 enrollments, or offering memberships with a Health Maintenance Organization
			 ("HMO").
SECTION 5.
		  DEFINITIONS
a) "Agent" means any individual
		  person who or corporation or partnership which engages in solicitation and
		  enrollment for any Health Maintenance Organization, but shall exclude any
		  salaried officer or employee who has duties that are primarily administrative
		  and who receives no commission for applications taken or enrollments
		  made.
b) "Applicant" means any
		  person, firm or corporation who has applied for a certificate of authority as a
		  Health Maintenance Organization, or who has applied for a license as an HMO
		  agent.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.96-003 - Property, Casualty, Surety and Marine Rate and Form Filings - Reg. 23

Current through Register Vol. 49, No. 6, June, 2024
Section 1. Purpose
The purpose of this Rule is to set forth rules and procedural
			 requirements which the Commissioner deems necessary to carry out the provisions
			 of Ark. Code Ann. §§
								23-67-201, et
			 seq., § 23-57-219, §
								23-79-109
			 and §
								23-79-110,
			 as to rate and form filings of property, casualty, surety, and marine
			 insurers.
Section 2.
		  Authority
This Rule is issued pursuant to the authority vested in the
			 Commissioner by Ark. Code Ann. §
								23-61-108,
			 §§
								25-15-202
			 et seq., §
								23-67-218,
			 and other applicable provisions of Arkansas law.
Section 3. Applicability and Scope
This Rule applies to insurance described in Ark. Code Ann. §
								23-67-203, and
			 insurers, rate service or advisory organizations, joint underwriting
			 associations and joint reinsurance organizations making filings under Ark. Code
			 Ann. §§
								23-67-201, et
			 seq., §
								23-67-219
			 and §
								23-79-109,
			 subject to any exemptions the Commissioner may order pursuant to Ark. Code Ann.
			 §
								23-67-206.
Section 4. Effective Date
Prospective loss costs means that portion of a rate that does not
			 include provisions for expenses (other than loss adjustment expenses) or
			 profit, and are based on historical aggregate losses and loss adjustment
			 expenses adjusted through development to their ultimate value and projected
			 through trending to a future point in time.
H. Participating Insurer.
Participating insurer means any member, subscriber or service
			 purchaser of an advisory organization.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.96-004 - Minimum Standards for Medicare Supplement Policies - Reg. 27-E

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1. PURPOSE
The purpose of this rule End regulation is to provide for the
			 reasonable standardization of coverage and simplification of terms and benefits
			 of Medicare supplement policies; to facilitate public understanding and
			 comparison of such policies; to eliminate provisions contained in such policies
			 which may be misleading or confusing in connection with the purchase of such
			 policies or with the settlement of claims; and to provide for full disclosures
			 in the sale of disability-insurance coverages to persons eligible for
			 Medicare.
SECTION 2.
		  AUTHORITY
This rule and regulation is issued pursuant to the authority
			 vested in the Commissioner under Act 72 of 1991 (First Extraordinary Session),
			 Ark. Code Ann. §
								23-61-108,
			 §
								23-66-201 through §
								23-66-214,
			 §§
								23-66-301,
			 et seq., §
								23-79-109,
			 §
								23-79-110,
			 §
								23-85-105,
			 § 23-74-122, §
								23-75-111,
			 §
								23-76-125 and
			 §§
								25-15-202,
			 et seq., and
			 Public
			 Law 101-508.
SECTION 3. APPLICABILITY AND SCOPE
A. Except as otherwise specifically provided
		  in Sections 7, 12, 13, 16 and 21, this rule and regulation shall apply to:
(1) All Medicare supplement policies
		  delivered or issued for delivery in this State on or after the effective date
		  of this regulation and
(2) All
		  certificates issued under group Medicare supplement policies which certificates
		  have been delivered or issued for delivery in this State.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.95-005 - Reg. 64 - Actuarial Opinion and Memorandum

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1. Purpose
The purpose of this Regulation is to prescribe:
A. Guidelines and standards for statements of
		  actuarial opinion which are to be submitted in accordance with Section 3 of the
		  NAIC Model Standard Valuation Law, Ark. Code Ann. § 23-34-112, as amended
		  by Act 621 of 1995, and for memoranda in support thereof;
B. Guidelines and standards for statements of
		  actuarial opinion which are to be submitted when a company is exempt from
		  Section 3 (B) of the NAIC Model Standard Valuation Law, Ark. Code Ann. §
								23-84-112,
		  as amended by Act 621 of 1995; and
C. Guidelines (Rules) applicable to the
		  appointment of an appointed actuary.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.96-005 - Reg. 42 - Standards to Prevent Unfair Discrimination in Reference to the Human Immunodeficiency Virus

Current through Register Vol. 49, No. 6, June, 2024
SECTION
		  1. PURPOSE
The purpose of this rule is to establish standards for testing
			 for the presence of Human Immunodeficiency Virus (HIV) and to prevent unfair
			 discriminatory practices. By establishing standards to regulate trade practices
			 the public will be protected from unfair acts or practices while at the same
			 time affording insurers a reasonable basis for continued operation in this
			 State.
SECTION 2. AUTHORITY
This rule is issued pursuant to the authority vested in the
			 Insurance Commissioner under Ark. Stat. Ann. §
								23-61-108,
			 §
								23-66-201 et seq. and §
								25-15-204.
SECTION 3 APPLCABILITY
This rule shall apply to all life insurers, disability insurers,
			 fraternal benefit societies, hospital medical service corporations, and health
			 maintenance organizations licensed pursuant to the Arkansas Insurance
			 Code.
SECTION 4.
		  NONDISCRIMINATORY TESTING FOR HUMAN IMMUNODEFICIENCY VIRUS (HIV)
(a) A proposed insured for life or disability
		  .insurance or any other coverage with a company licensed under the Arkansas
		  Insurance Code may be required to be tested for the presence of the human
		  immunodeficiency virus (HIV) . Requiring such testing is not unfair
		  discrimination provided:
(1) The testing is
		  required on a nondiscriminatory basis for all individuals in the same class;
		  and
(2) No proposed insured is
		  denied coverage or related as substandard risk on the basis of such testing
		  unless:
(A) An initial enzyme linked
		  immunosorbent assay (ELISA) blood test is administered to the proposed insured,
		  and it indicates the presence of HIV, antibodies in the blood:
(B) A second ELISA blood test is conducted
		  and it indicates the presence of HIV antibodies in the blood; and
(C) A Western Blot blood test is conducted
		  and the results of such test are not negative.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.97-002 - Reg. 42 - Standards to Prevent Unfair Discrimination in Reference to the Human Immunodeficiency Virus (HIV)

Current through Register Vol. 49, No. 6, June, 2024
SECTION
		  1. PURPOSE
The purpose of this rule is to establish standards for testing
			 for the presence of Human Immmunodeficiency Virus (HIV) and to prevent unfair
			 discriminatory practices. By establishing standards to regulate trade practices
			 the public will be protected from unfair acts or practices while at the same
			 time affording insurers a reasonable basis for continued operation in this
			 State.
SECTION 2. AUTHORITY
This rule is issued pursuant to the authority vested in the
			 Insurance Commissioner under Ark. Code Ann. §
								23-61-108,
			 § 23-56-201 et seq. and §
								25-15-204.
SECTION 3. APPLICABILITY
This rule shall apply to all life insurers, disability insurers,
			 fraternal benefit societies, hospital medical service corporations, and health
			 maintenance organizations licensed pursuant to the Arkansas Insurance
			 Code.
SECTION 4 ,
		  NONDISCRIMINATORY TESTING FOR HUMAN IMMUNODEFICIENCY VIRUS (HIV)
(a) A proposed insured for life or disability
		  insurance or any other coverage with a company licensed under the Arkansas
		  Insurance Code may be required to be tested for the presence of the human
		  immunodeficiency virus (HIV). Requiring such testing is not unfair
		  discrimination provided:
(1) The testing is
		  required on a nondiscriminatory basis for all individuals in the same class;
		  and
(2) No proposed insured is
		  denied coverage or rated as substandard risk on the basis of such testing
		  unless:
(A) An initial enzyme linked
		  immunosorbentassay (ELISA) test is administered to the proposed insured, and it
		  indicates the presence of HIV antibodies; and
(B) A second ELISA test is conducted and it
		  indicates the presence of HIV antibodies; and
(C) A Western Blot test is conducted and the
		  results of such test are not negative.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.97-008 - Rule and Regulation 66 - Antifraud Initiative Requirements

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1. Purpose
The purpose of this rule is to assist insurers in complying with
			 the antifraud initiative requirements of Arkansas Code Annotated §
								23-66-510.
SECTION 2. Authority
This rule is issued pursuant to the authority vested in the
			 commissioner by Arkansas Code Annotated §
								23-66-511, and
			 other applicable provisions of Arkansas law.
SECTION 3. Applicability and Scope
This rule applies to all licensed insurers in the State of
			 Arkansas.
SECTION 4.
		  Effective Date
The effective date of this rule is August 1, 1997.
SECTION 5. Definitions
The definitions set forth in Arkansas Code Annotated §
								23-66-501
			 shall apply to this rule.
SECTION
		  6. Antifraud Initiative Requirements
The antifraud initiative requirements of Arkansas Code Annotated
			 §
								23-66-510(a)
			 may be satisfied by an insurer by means of:
(1) Fraud investigators, who may be insurer
		  employees or independent contractors and who are in full compliance with
		  Section (7) of this rule; or
(2) An
		  antifraud plan submitted to, and approved by, the commissioner, and which is in
		  full compliance with Section (8) of this rule; or
(3) An alternative antifraud initiative
		  submitted to, and approved by, the commissioner, under the provisions of
		  Arkansas Code Annotated §
								23-66-510(a);
		  or
(4) An exemption from the
		  antifraud initiative requirements granted by the commissioner pursuant to
		  Arkansas Code Annotated §
								23-66-510(b).
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.97-009 - Rule and Regulation 67 - Reporting of Fraudulent Insurance Acts

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1. Purpose
The purpose of this rule is to assist persons in the business of
			 insurance having knowledge or a reasonable belief that a fraudulent insurance
			 act is being, will be, or has been committed, in complying with the mandatory
			 reporting requirement of Arkansas Code Annotated §
								23-66-505(a).
SECTION 2. Authority
This rule is issued pursuant to the authority vested in the
			 commissioner by Arkansas Code Annotated §
								23-66-511, and
			 other applicable provisions of Arkansas law.
SECTION 3. Applicability and Scope
This rule applies to any person engaged in the business of
			 insurance in the State of Arkansas who has knowledge or a reasonable belief
			 that a fraudulent insurance act is being, will be, or has been
			 committed.
SECTION 4.
		  Effective Dates
The effective date of this rule is August 1, 1997.
SECTION 5. Definitions
The definitions set forth in Arkansas Code Annotated §
								23-66-501
			 shall apply to this rule.
SECTION
		  6. Method of Reporting Suspected Fraudulent Insurance Acts
(a) The reporting requirement of Arkansas
		  Code Annotated §
								23-66-505(a)
		  may be satisfied by filing a completed fraud referral form with the Insurance
		  Fraud Investigation Division of the Arkansas Insurance Department. The form
		  shall be as prescribed by the commissioner and may be obtained from the
		  Insurance Fraud Investigation Division.
(b) A reporting form containing substantially
		  similar language and providing all the information requested in the fraud
		  referral form prescribed by the commissioner may be used, if previously
		  approved by the commissioner.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.97-010 - Bulletin: 4-97 - Act 835 of 1997 requires that notice be given to insured's if an insurer intends to require or specify the use of motor vehicle parts not made by the original vehicle manufacturer

Current through Register Vol. 49, No. 6, June, 2024
Click
			 here to view image
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.97-011 - Licensee Code Revision and Simplification Act - Highlights and New Provisions

Current through Register Vol. 49, No. 6, June, 2024
Effective July 1, 1997, the Legislature passed Act 1004 of 1997
			 which will impact licensees of the Department in the following ways.
HIGHLIGHTS AND NEW PROVISIONS
I. GENERAL PROVISIONS
a.
Limited
		  Adjusters
: The new law allows the Commissioner to issue "limited
		  adjusters licenses" to certain individuals.
b.
Insurance Advisory
		  Board
: The Insurance Advisory Examining Board has been
		  eliminated.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.97-014 - Bulletin No. 12-97 - Change to Rule and Regulation 67 "Reporting of Fraudulent Insurance Acts"

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1. Purpose
The purpose of this rule is to assist -persons in the business of
			 insurance having knowledge or a reasonable belief that a fraudulent insurance
			 act is being, will be, or has been committed,. in complying with the mandatory
			 reporting requirement of Arkansas Code Annotated § 23-55-505(a).
SECTION 2. Authority
This rule is issued pursuant to the authority vested in the
			 commissioner by Arkansas Code Annotated, § 23-56-511, and other applicable
			 provisions of Arkansas law.
SECTION
		  3. Applicability and Scope
This rule applies to any person engaget in the business of
			 insurance in the State of Arkansas who as knowledge or a reasonable belief that
			 a fraudulent insurance act is being, will be, or has been committed.
SECTION 4. Effective Dates
The effective date of this rule is August if 1997.
SECTION 5. Definitions
The definitions set forth in Arkansas Code Annotated -65-501
			 shall apply to this rule.
SECTION
		  6. Method of Reporting Suspected. Fraudulent Insurance Acts
(a) The reporting requirement of Arkansas
		  Code Annotated §
								23-66-505(a)
		  may be 'satisfied by filing a completed fraud referral form with the Insurance
		  Fraud Investigation Division of the Arkansas Insurance Department. The form
		  shall be as prescribed by the commissioner and may be obtained from the
		  Insurance Fraud Investigation Division.
(b) A reporting form containing substantially
		  similar-language and providing all the information requested in the fraud
		  referral form prescribed by the commissioner may be used, if previously
		  approved by the commissioner.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.97-019 - Proposed Readoption of Rule and Regulation 35, "Agent License for Health Maintenance Organizations"

Current through Register Vol. 49, No. 6, June, 2024
SECTION
		  1.
PURPOSE
The purpose of this Rule is to set the standards and guidelines
			 under which agents for Health Maintenance Organizations can be licensed by the
			 State of Arkansas.
SECTION
		  2.
AUTHORITY
The authority for this Rule is the power given to the insurance
			 Commissioner for the State of Arkansas by Ark. Code Ann. §§
								23-61-108,
			 23-61-701, et
			 seq.,
			 25-15-201, et
			 seq., and 23-76120, and Act 1004 of 1997. and other applicable
			 laws.
SECTION 3
EFFECTIVE DATE
The Rule shall be effective on__________________________.
SECTION 4.
APPLICABILITY AND
		  SCOPE
This Rule shall apply to all individuals, limited liability
			 companies, and corporate or partnership (general or limited) agencies engaged
			 in the business of marketing contacts, soliciting enrollments, or offering
			 memberships with a Health Maintenance Organization ("HMO").
SECTION 5.
DEFINITIONS
a) "Agent" means any individual person who,
		  limited liability company which, or corporation or partnership (general or
		  limited) which engages in solicitation and enrollment for any Health
		  Maintenance Organization, but shall exclude any salaried officer or employee
		  who has duties that are primarily administrative and who receives no commission
		  for applications taken or enrollments made.
b) "Applicant" means any person who, or firm
		  or partnership (general or limited) which, limited liability company or
		  corporation which has applied for a certificate of authority as a Health
		  Maintenance Organization, or has applied for a license as an HMO
		  agent.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.98-001 - Rule and Regulation 35 - "Agent License for Health Maintenance Organizations"

Current through Register Vol. 49, No. 6, June, 2024
SECTION
		  1.
PURPOSE
The purpose of this Rule is to set the standards and guidelines
			 under which agents for Health Maintenance Organizations can be licensed by the
			 State of Arkansas.
SECTION
		  2.
AUTHORITY
The authority for this Rule is the power given to the Insurance
			 Commissioner for the State of Arkansas by Ark. Code Ann. §§
								23-61-108,
			 23-61-701, et
			 seq.,
			 25-15-201, et
			 seq., and
			 23-76-120,
			 and Act 1004 of 1997, and other applicable laws.
SECTION 3
, EFFECTIVE DATE
The Rule shall be effective on April 1, 1998.
SECTION 4.
APPLICABILITY AND
		  SCOPE
This Rule shall apply to all individuals, limited liability
			 companies, and corporate or partnership (general or limited) agencies engaged
			 in the business of marketing contacts, soliciting enrollments, or offering
			 memberships with a Health Maintenance Organization ("HMO").
SECTION 5.
DEFINITIONS
a. "Agent" means any individual person who,
		  limited liability company which, or corporation or partnership (general or
		  limited) which engages in solicitation and enrollment for any Health
		  Maintenance Organization, but shall exclude any salaried officer or employee
		  who has duties that are primarily administrative and who receives no commission
		  for applications taken or enrollments made.
b. "Applicant" means any person who, or firm
		  or partnership (general or limited) which, limited liability company or
		  corporation which has applied for a certificate of authority as a Health
		  Maintenance Organization, or has applied for a license as an HMO
		  agent.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.98-002 - Rule and Regulation 50 - "Agents Continuing Education" and Rule and Regulation 68 - "Limited Adjusters' Licenses"

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1.
PURPOSE
The purpose of this Rule and Regulation is to establish
			 requirements and standards for continuing education for natural persons
			 licensed as insurance agents or brokers by the Commissioner.
SECTION 2.
AUTHORITY
This Rule is issued under the authority vested in the
			 Commissioner of insurance ("Commissioner") by Ark. Code Ann. Section
			 23-64-304(a),
			 as amended by Act 1004 of 1997.
SECTION
		  3.
EFFECTIVE DATE AND APPLICABILITY
This Rule and Regulation shall be effective April 15, 1998 and
			 shall be applicable to those persons licensed to act as an insurance agent or
			 broker, who must comply with Ark. Code Ann. §§
								23-64-301,
			 et seq., on and after July 1, 1998, for the sale of the following types of
			 Insurance:
A. Life and disability
		  insurance.
B. Property and casualty
		  Insurance. *
C. All lines of
		  Insurance for which an examination is required for licensing.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.98-003 - Rule and Regulation 70 - Diabetes Self-Management Act of 1997

Current through Register Vol. 49, No. 6, June, 2024
Section 1.
Purpose
The purpose of this Regulation is to implement and coordinate
			 compliance with the Arkansas diabetes self-management benefits mandated for
			 inclusion in insurance and HMO policies and contracts under the provisions of
			 Arkansas Act 1249 of 1997, effective August 1, 1997, codified at Ark. Code Ann.
			 §§
								23-79-601,
			 et seq.
Section 2.
Authority
This Rule is issued pursuant to the authority vested in the
			 Commissioner under Ark. Code Ann. §§
								23-61-108 and
			 25-15-203,
			 Act 1249 of 1997, and other applicable provisions of Arkansas law as
			 amended.
Section 3.
Applicability and Scope
A.
		  APPLICATION.
(1) This Rule shail apply to
		  every disability (health) insurer, hospital or medical service corporation,
		  health maintenance organization ("HMO"), and fraternal benefit society licensed
		  by the Arkansas Insurance Commissioner ("Commissioner"). This Rule applies to
		  group and individual policies or contracts issued on an expense-incurred,
		  service, or pre-paid risk-sharing basis by authorized licensees of the
		  Insurance Commissioner. This Rule shall be applicable to any health insurance
		  policy which is delivered, issued, issued for delivery, renewed, extended, or
		  modified in this State on and after the effective date of this Rule as adopted
		  by the Commissioner.
(2) This Rule
		  shall be applicable to a disability policy, or a health insurance policy
		  providing coverage or benefits to an Arkansas resident as expressly defined in
		  accordance with Act 1249 of 1997, in A.C.A. §
									23-79-601(3),
		  whether the health care insurer or other entity which provides the coverage is
		  located within or outside the State of Arkansas or not; and the policy shall be
		  deemed to be delivered in this State within the meaning of Act 1249 of
		  1997.
Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.98-005 - Rule and Regulation 38 - An Annuity Mortality Table for use in Determining Reserve Liabilities for Annuities

Current through Register Vol. 49, No. 6, June, 2024
Section
		  1. Purpose
The purpose of this rule is to recognize the following mortality
			 tables for use in determining the minimum standard of valuation for annuity and
			 pure endowment contracts: the 1983 Table "a", the 1983 Group Annuity Mortality
			 (1983 GAM) Table, the Annuity 2000 Mortality Table, and the 1994 Group Annuity
			 Reserving (1994 GAR) Table.
Section
		  2. Authority
This rule is promulgated pursuant to the authority granted to the
			 Arkansas Insurance Commissioner ("Commissioner") by Ark. Code Ann. §§
								23-84-101 et
			 seq.,
			 23-61-108 and
			 25-15-201 et
			 seq. *
Section 3.
		  Definitions
A. As used in this Rule "1983
		  Table "a"' means that mortality table developed by the Society of Actuaries
		  Committee to Recommend a New Mortality Basis for Individual Annuity Valuation
		  and adopted as a recognized mortality table for annuities in June 1982 by the
		  National Association of Insurance Commissioners.
B. As Used in this Rule "1983 GAM Table"
		  means that mortality table developed by the Society of Actuaries Committee on
		  Annuities and adopted as a recognized mortality table for annuities in December
		  1983 by the National Association of Insurance Commissioners.
C. As used in this rule "1994 GAR Table"
		  means that mortality table developed by the Society of Actuaries Group Annuity
		  Valuation Task Force and shown on pages 866-867 of Volume XLVII of the
Transactions of the Society of Actuaries
(1995).
D. As used in this rule "Annuity 2000
		  Mortality Table" means that mortality table developed by the Society of
		  Actuaries Committee on Life Insurance Research and shown on page 240 of Volume
		  XLVII of the
Transactions of the Society of Actuaries
(1995).