(a) The Insurance Commissioner shall impose upon any insurer or upon the agent or representative of that insurer of any other state or any foreign country doing business in the State of Arkansas the same taxes, licenses, and other fees, in the aggregate, and the same fines, penalties, deposit requirements or other material requirements, obligations, […]
Whenever any other state or foreign country refuses to permit any life insurer domiciled in Arkansas to enter in and transact insurance in the state or country upon the grounds that the name of the Arkansas insurer is the same or similar to the name of a life insurer domiciled in the other state or […]
(a) For the purpose of the Arkansas Insurance Code, except as provided under § 23-68-102(6), the domicile of an alien insurer, other than insurers formed under the laws of Canada, shall be that state designated by the insurer in writing filed with the Insurance Commissioner at time of admission to this state or within six […]
(a) (1) No domestic insurer shall make any contract with any insurance company or holding company or any other type of company whereby the company is to perform substantially all of the administrative functions for the insurer until that contract is filed with and has received prior written approval by the Insurance Commissioner. (2) Administrative […]
(a) No insurer shall intentionally or unreasonably delay, for more than three (3) business days after presentment for collection, the processing of any properly executed and endorsed check or draft issued in settlement of an insurance claim. (b) It is the intent of the General Assembly that insureds or claimants shall be paid their settlement […]
(a) (1) No insurance policy or contract covering damages to property shall be cancelled nor the renewal thereof denied solely as a result of claims arising from natural causes. (2) “Natural cause” is defined as an act occasioned exclusively by the violence of nature where all human agency is excluded from creating or entering into […]
(a) No insurance policy or contract after being issued by an insurer authorized to transact business in this state may be cancelled nor may the premium for such a policy be increased solely as a result of claims made under the policy which resulted in no loss to the insurer. (b) The following shall not […]
(a) (1) (A) Upon written request, each licensed property and casualty insurer shall mail or deliver the policyholder’s claim loss information to the policyholder or his or her authorized producer within thirty (30) days from the date of receipt of the request from the policyholder. (B) If the requested claim loss information is not provided […]
(a) An insurer shall provide its insured written notice of the terms of settlement of a claim if the insured: (1) Notifies the insurer in writing that the amount of or liability for the claim is contested; and (2) Requests in writing notice of the insurer’s settlement of the claim. (b) Except as provided in […]
(a) As used in this section: (1) (A) “Contracting agent” means an entity that while engaged in selling, leasing, assigning, conveying, or otherwise, grants access to the entity’s panel of contracted health care providers and the entity’s contracted reimbursement rates to another entity. (B) “Contracting agent” includes, to the extent an entity is engaged in […]
No domestic insurance carrier, health maintenance organization, farmers’ mutual aid association, hospital and medical service corporation, stipulated premium insurer, or fraternal benefit society shall enter into a management or service agreement unless the agreement is in writing.
(a) As used in this section: (1) “Dental plan” means a contract, plan, or policy of insurance issued by an insurer that provides for a dental benefit; (2) “Insurer” means an insurance company, a health maintenance organization, a hospital and medical service corporation, or a self-insured health plan for employees of a governmental entity; and […]
(a) A domestic property and casualty insurer that pays any other state or foreign country a tax, fine, penalty, deposit requirement or other material requirement, or any other fee that is determined by the Insurance Commissioner to be a retaliatory tax is entitled to a reduction or credit upon its gross premiums tax in the […]
