§ 23-66-701. Legislative findings and intent
The General Assembly hereby finds that registry numbers issued to physicians by the Drug Enforcement Administration are protected numbers not intended for use by insurance companies and health maintenance organizations. Pharmacists are prohibited by law from selling or dispensing controlled substances without a physician’s Drug Enforcement Administration registry number, and disclosure of the registry number […]
§ 23-66-509. Other law enforcement of regulatory authority
This subchapter shall not: (1) Preempt the authority or relieve the duty of other law enforcement or regulatory agencies to investigate, examine, and prosecute suspected violations of law; (2) Prevent or prohibit a person from voluntarily disclosing information concerning insurance fraud to a law enforcement or regulatory agency other than the Criminal Investigation Division; or […]
§ 23-66-702. Drug Enforcement Administration registry numbers
(a) Health carriers shall not require physicians, pharmacists, or other persons or entities to disclose a physician’s Drug Enforcement Administration registry number for the purposes of identification, payment to a pharmacist, reimbursement of a patient, or any other reason. (b) “Health carrier” means any insurance company or health maintenance organization subject to the following laws: […]
§ 23-66-510. Insurer antifraud initiative
(a) Insurers shall have antifraud initiatives reasonably calculated to detect, prosecute, and prevent fraudulent insurance acts. Antifraud initiatives may include, but are not limited to: (1) Fraud investigators, who may be insurer employees or independent contractors; or (2) An antifraud plan submitted to the Insurance Commissioner. Antifraud plans submitted to the commissioner shall be privileged […]
§ 23-66-511. Rules
The Insurance Commissioner may promulgate reasonable rules deemed necessary by the commissioner for the administration of this subchapter.
§ 23-66-512. Penalties
A person who violates this subchapter is subject to the following: (1) (A) Suspension or revocation of license, civil penalties of up to ten thousand dollars ($10,000) per violation, or both. (B) Suspension or revocation of license and imposition of civil penalties shall be pursuant to an order of the Insurance Commissioner issued under § […]
§ 23-66-513. Initial appointment investigation
(a) (1) (A) Prior to the approval of any application or request for appointment by an insurer or company to be added to the license obtained by an individual resident agent or producer who has had no previous appointments on his or her Arkansas license prior to this request, the insurer shall conduct or secure […]
§ 23-66-601. Short title
This subchapter may be cited as the “Insurance Sales Consumer Protection Act”.
§ 23-66-602. Purpose
The purpose of this subchapter is to regulate the business of insurance and protect the interests of insurance consumers.
§ 23-66-603. Definitions
For the purpose of this subchapter: (1) “Affiliate” means any company that controls, is controlled by, or is under common control with another company; (2) “Customer” means a person who obtains, applies for, or is solicited to obtain insurance products primarily for personal, family, and household purposes; (3) “Depository institution” means a bank or savings […]