§ 23-67-601. Title
This subchapter shall be known and may be cited as the “Interstate Insurance Product Regulation Compact”.
§ 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 […]
§ 23-67-602. Adoption of compact
The Interstate Insurance Product Regulation Compact is enacted into law and entered into with all other jurisdictions legally joining in this compact in the form substantially as follows: Interstate Insurance Product Regulation Compact ARTICLE I PURPOSES The purposes of this Compact are, through means of joint and cooperative action among the Compacting States: (1) To […]
§ 23-67-411. Sale of policy term information by consumer reporting organization
(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: […]
§ 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.
§ 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.
§ 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.
§ 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 […]
§ 23-67-313. Competitive selection
(a) The Insurance Commissioner shall make a good faith effort to comply with the intent of the provisions requiring competitive selection of the administrator of the Arkansas Workers’ Compensation Insurance Plan and servicing carriers. The administrator and servicing carriers shall be competitively selected no less often than every three (3) years. Consideration for the administrator […]
§ 23-67-401. Title
This subchapter shall be known and may be cited as the “Use of Credit Information in Personal Insurance Act”.