Arkansas Code Title 23, Subtitle 3, Chapter 63, Subchapter 13 - Risk-Based Capital Act

• § 23-63-1301 - Title.
  This subchapter shall be known and may be cited as the "Risk-Based Capital Act".
• § 23-63-1302 - Definitions.
  As used in this subchapter: (1) "Adjusted RBC report" means a risk-based capital report that has been adjusted by the Insurance Commissioner under §...
• § 23-63-1303 - Rbc Reports.
  (a) Annually on or before March 1, each domestic insurer shall prepare and submit to the Insurance Commissioner a report of its RBC levels...
• § 23-63-1304 - Company Action Level Event.
  (a) As used in this subchapter, "company action level event" means any of the following events: (1) The filing of an RBC report by...
• § 23-63-1305 - Regulatory Action Level Event.
  (a) As used in this subchapter, "regulatory action level event" means, with respect to an insurer, any of the following events: (1) The filing...
• § 23-63-1306 - Authorized Control Level Event.
  (a) As used in this subchapter, "authorized control level event" means any of the following events: (1) The filing of an RBC report by...
• § 23-63-1307 - Mandatory Control Level Event.
  (a) As used in this subchapter, "mandatory control level event" means any of the following events: (1) The filing of an RBC report that...
• § 23-63-1308 - Hearings.
  (a) (1) If any of the events listed in subsection (b) of this section occurs, the insurer shall have the right to a confidential...
• § 23-63-1309 - Confidentiality -- Prohibition on Announcements -- Prohibition on Use in Ratemaking.
  (a) The RBC reports, to the extent the information in the RBC reports is not needed to be stated in a publicly available annual...
• § 23-63-1310 - Supplemental Provisions -- Rules -- Exemption.
  (a) This subchapter is supplemental to other laws of this state and does not preclude or limit other powers or duties of the Insurance...
• § 23-63-1311 - Foreign Insurers.
  (a) Upon the written request of the Insurance Commissioner, a foreign insurer shall submit to the commissioner an RBC report as of the end...
• § 23-63-1312 - Immunity.
  There is no liability by and no cause of action shall arise against the Insurance Commissioner or the State Insurance Department or its employees...
• § 23-63-1313 - Authority of Commissioner to Adopt Rules.
  The Insurance Commissioner may adopt reasonable rules for the implementation and administration of this subchapter.
• § 23-63-1314 - Penalties and Liabilities.
  (a) If the Insurance Commissioner, after a hearing conducted according to § 23-61-301 et seq., finds that an insurer or a person has violated...
• § 23-63-1315 - [Repealed.]
• § 23-63-1316 - Notices.
  All notices by the Insurance Commissioner to an insurer that may result in regulatory action under this subchapter shall be effective on dispatch if...

Last modified: November 15, 2016