Arkansas Code Title 23, Subtitle 3, Chapter 63, Subchapter 14 - Disclosure of Material Transactions Act

• § 23-63-1401 - Short Title.
  This subchapter may be cited as the "Disclosure of Material Transactions Act".
• § 23-63-1402 - Report.
  (a) Every insurer domiciled in this state shall file a report with the Insurance Commissioner disclosing material acquisitions and dispositions of assets or material...
• § 23-63-1403 - Acquisitions and Dispositions of Assets.
  (a) Materiality. No acquisitions or dispositions of assets need be reported pursuant to § 23-63-1402 if the acquisitions or dispositions are not material. For...
• § 23-63-1404 - Nonrenewals, Cancellations or Revisions of Ceded Reinsurance Agreements.
  (a) Materiality and Scope. (1) No nonrenewals, cancellations, or revisions of ceded reinsurance agreements need be reported pursuant to § 23-63-1402 if the nonrenewals,...
• § 23-63-1405 - Rules and Regulations.
  The Insurance Commissioner may adopt reasonable rules and regulations for the implementation and administration of the provisions of this subchapter.
• § 23-63-1406 - Penalties and Liabilities.
  (a) If the Insurance Commissioner finds after a hearing conducted in accordance with § 23-61-301 et seq. that any insurer or person has violated...

Last modified: November 15, 2016