Arkansas Administrative Code › Agency 054 - Arkansas Insurance Department › Rule 054.00.15-008 - Rule 15: Insurance Holding Company Systems with Reporting Forms and Instructions

Current through Register Vol. 49, No. 6, June, 2024
SECTION 1.
AUTHORITY.
This Rule is promulgated by the Commissioner pursuant to the
			 authority granted by Ark. Code Ann. §§
								23-61-108,
			 23-63-501,
etseq.,
and
			 25-15-201,
etseq.
SECTION
		  2.
EFFECTIVE DATE.
This Rule shall become effective on January 1, 2016.
SECTION 3.
PURPOSE.
The purpose of this Rule is to set forth rules and procedures
			 that the Commissioner deems necessary to carry out the provisions of Ark. Code
			 Ann. §§
								23-63-501,
et seq.,
the Insurance Holding Company Regulatory Act,
			 hereinafter referred to as "the Act." The information to be filed pursuant to
			 this Rule is hereby declared to be necessary and appropriate in the public
			 interest and for the protection of the policyholders in this State.
SECTION 4.
SEVERABILITY
		  CLAUSE.
If any provision of this Rule, or the application thereof to any
			 person or circumstance, is held invalid, such determination shall not affect
			 other provisions or applications of this Rule which can be given effect without
			 the invalid provision or application, and to that end the provisions of this
			 Rule are severable.
SECTION
		  5.
FORMS - GENERAL REQUIREMENTS.
(a) Forms A, B, C, D, E and F are intended to
		  be guides in the preparation of the statements required by the Act. They are
		  not intended to be blank forms which are to be filled in. The statements filed
		  shall contain the numbers and captions of all items, but the text of the items
		  may be omitted provided the answers thereto are prepared in such a manner as to
		  indicate clearly the scope and coverage of the items. All instructions, whether
		  appearing under the items of the form or elsewhere therein, are to be omitted.
		  Unless expressly provided otherwise, if any item is inapplicable or the answer
		  thereto is in the negative, an appropriate statement to that effect shall be
		  made.
(b) Two (2) complete copies
		  of each statement including exhibits and all other papers and documents filed
		  as a part thereof, accompanied by the appropriate filing fee set forth in
		  Arkansas Insurance Department Rule 57, shall be filed with the Insurance
		  Commissioner by personal delivery or mail addressed to:
Insurance Commissioner of the State of Arkansas 1200 West Third
			 Street Little Rock, Arkansas 72201 -1904 Attention: Legal Division At least one
			 of the copies shall be manually signed in the manner prescribed on the form.
			 Unsigned copies shall be conformed. If the signature of any person is affixed
			 pursuant to a power of attorney or other similar authority, a copy of such
			 power of attorney or other authority shall also be filed with the
			 statement.
(c) Statements
		  shall be easily readable and suitable for review and reproduction. Debits in
		  credit categories and credits in debit categories shall be designated so as to
		  be clearly distinguishable as such on photocopies. Statements shall be in the
		  English language and monetary values shall be stated in United States currency.
		  If any exhibit or other paper or document filed with the statement is in a
		  foreign language, it shall be accompanied by a translation into the English
		  language and any monetary value shown in a foreign currency normally shall be
		  converted into United States currency.