Arkansas Code Title 23, Subtitle 3, Chapter 63, Subchapter 6 - Financial Reporting Standards

• § 23-63-601 - Definition.
  In any determination of the financial condition, including whether an asset is allowable, of a domestic insurer, domestic title insurer, or other domestic regulated...
• § 23-63-602 - Assets As Deductions From Liabilities.
  Assets may be allowed as deductions from corresponding liabilities, and liabilities may be charged as deductions from assets. Deductions from assets may be charged...
• § 23-63-603 - Assets Not Allowed.
  Assets not allowed shall be those so referenced or described as nonadmitted in the National Association of Insurance Commissioners' publication as it existed on...
• § 23-63-604 - Liabilities -- in General.
  In any determination of the financial condition of a reporting entity, liabilities shall include definitions and amounts specified in the National Association of Insurance...
• § 23-63-605 -- 23-63-609 - [Repealed.]
• § 23-63-610 - Assets -- Conflict of Treatment in Subchapters in Arkansas Insurance Code.
  In the event of a conflict as to treatment of assets between § 23-63-601 et seq. and § 23-63-801 et seq., § 23-63-601 et...
• § 23-63-611 - Asset Valuation.
  Assets of reporting entities shall be valued in accordance with the following: (1) Bonds and securities shall be valued in accordance with the methods...
• § 23-63-612 - Purpose -- Compliance Date.
  (a) It is the intention of this act to allow the Insurance Commissioner to adopt rules to modernize and harmonize the financial accounting laws...
• § 23-63-613 - Use of New and Revised Manuals -- Rule-Making Authority.
  (a) (1) The Insurance Commissioner is authorized to employ the standards and requirements set forth in publications recited in this subchapter and adopted and...
• § 23-63-614 - Domestic Title Insurance and Aviation Title Insurance Reserves.
  (a) In addition to an adequate reserve as to outstanding losses, a domestic title insurer shall maintain its own guaranty fund or unearned premium...

Last modified: November 15, 2016