Arkansas Code Title 23, Subtitle 3, Chapter 63, Subchapter 11 - Business Transacted With Producer Controlled Property and Casualty Insurer Act

• § 23-63-1101 - Title.
  This subchapter may be cited as the "Business Transacted with Producer Controlled Property and Casualty Insurer Act".
• § 23-63-1102 - Definitions.
  As used in this subchapter: (1) "Accredited state" means a state in which the insurance department or regulatory agency has qualified as meeting the...
• § 23-63-1103 - Date of Required Compliance.
  Compliance with this subchapter shall be required on and after January 1, 1994.
• § 23-63-1104 - Applicability.
  (a) This subchapter shall apply to licensed insurers as defined in § 23-63-1102 either domiciled in this state or domiciled in a state that...
• § 23-63-1105 - Minimum Standards.
  (a) (1) The provisions of this section shall apply if, in any calendar year, the aggregate amount of gross premiums on business placed with...
• § 23-63-1106 - Disclosure.
  The producer, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the producer...
• § 23-63-1107 - Penalties.
  (a) (1) If the Insurance Commissioner believes that the controlling producer or any other person has not materially complied with this subchapter, after notice...

Last modified: November 15, 2016