Arkansas Code Title 23, Subtitle 3, Chapter 66, Subchapter 5 - Frauduluent Insurance Acts Prevention

• § 23-66-501 - Definitions.
  As used in this subchapter: (1) "Actual malice" means knowledge that information is false, or reckless disregard of whether it is false; (2) "Business...
• § 23-66-502 - Fraudulent Insurance Acts, Interferences, and Participation of Convicted Felons Prohibited.
  (a) A person shall not commit a fraudulent insurance act.(b) A person shall not knowingly interfere with the enforcement of the provisions of this...
• § 23-66-503 - Fraud Warning Required.
  (a) Claim forms, proofs of loss, or any similar documents, however designated, seeking payment or benefit pursuant to an insurance policy, and applications for...
• § 23-66-504 - Investigative Authority of Commissioner.
  The Insurance Commissioner may investigate suspected fraudulent insurance acts and persons engaged in the business of insurance.
• § 23-66-505 - Mandatory Reporting of Fraudulent Insurance Acts.
  (a) A person engaged in the business of insurance having knowledge or a reasonable belief that a fraudulent insurance act is being, will be,...
• § 23-66-506 - Immunity From Liability.
  (a) There shall be no civil liability for libel, slander, or any other cause of action imposed on, and no cause of action shall...
• § 23-66-507 - Confidentiality.
  (a) Notwithstanding any other provision of law, the documents and evidence provided pursuant to §§ 23-66-505 and 23-66-508 or obtained by the Insurance Commissioner...
• § 23-66-508 - Creation and Purpose of Criminal Investigation Division.
  (a) (1) The Criminal Investigation Division is established within the State Insurance Department and is designated a law enforcement agency. (2) (A) The Insurance...
• § 23-66-509 - Other Law Enforcement of Regulatory Authority.
  This subchapter shall not: (1) Preempt the authority or relieve the duty of other law enforcement or regulatory agencies to investigate, examine, and prosecute...
• § 23-66-510 - Insurer Antifraud Initiative.
  (a) Insurers shall have antifraud initiatives reasonably calculated to detect, prosecute, and prevent fraudulent insurance acts. Antifraud initiatives may include, but are not limited...
• § 23-66-511 - Regulations.
  The Insurance Commissioner may promulgate reasonable rules and regulations deemed necessary by the commissioner for the administration of this subchapter.
• § 23-66-512 - Penalties.
  A person who violates this subchapter is subject to the following: (1) (A) Suspension or revocation of license, civil penalties of up to ten...
• § 23-66-513 - Initial Appointment Investigation.
  (a) (1) (A) Prior to the approval of any application or request for appointment by an insurer or company to be added to the...

Last modified: November 15, 2016