Arkansas Code Title 23, Subtitle 3, Chapter 67, Subchapter 2 - Regulation of Insurance Rates

• § 23-67-201 - Purpose.
  (a) This chapter shall be liberally construed to achieve the purposes stated in subsection (b) of this section, which shall constitute an aid and...
• § 23-67-202 - Definitions.
  As used in this chapter, unless the context otherwise requires: (1) (A) (i) "Advisory organization" or "rate service organization" means any entity which either...
• § 23-67-203 - Scope.
  This chapter applies to all kinds of insurance written on risks in this state by any insurers authorized to do business in this state,...
• § 23-67-204 - Payment of Dividends.
  Nothing in this chapter shall be construed to prohibit the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to...
• § 23-67-205 - Penalties.
  (a) Whenever the Insurance Commissioner shall have reason to believe that any person has violated any provision of this chapter, he or she shall...
• § 23-67-206 - Exemptions.
  (a) In a competitive market, property and casualty insurance for commercial risks, excluding workers' compensation, employers' liability, and professional liability insurance, including, but not...
• § 23-67-207 - Noncompetitive Market.
  (a) If the Insurance Commissioner has cause to believe that a reasonable degree of competition does not exist in a market, the commissioner shall...
• § 23-67-208 - Rate Standards.
  (a) Rates shall not be excessive, inadequate, or unfairly discriminatory.(b) A rate in a competitive market is assumed not to be excessive. A rate...
• § 23-67-209 - Rating Criteria.
  (a) Due consideration must be given to past and prospective loss and expense experience within and outside this state, to catastrophe hazards and contingencies,...
• § 23-67-210 - Rating Plans.
  (a) Rates may be modified to produce premiums for individual risks in accordance with filed rating plans which establish standards for measuring variations in...
• § 23-67-211 - Filing of Rates and Other Rating Information.
  (a) Filings as to Competitive Markets. (1) (A) (i) In a competitive market, every insurer shall file with the Insurance Commissioner all rates, supplementary...
• § 23-67-212 - Procedural Requirements.
  (a) (1) Rates filed pursuant to this section shall be filed in such form and manner as prescribed by the Insurance Commissioner. (2) An...
• § 23-67-213 - Disapproval of Rates.
  (a) Basis of Disapproval. (1) The Insurance Commissioner may disapprove a rate without a hearing if the insurer fails to file the information required...
• § 23-67-214 - Licensing of Advisory Organizations.
  (a) No advisory organization shall provide any service relating to the rates of any insurance subject to this chapter, and no insurer shall utilize...
• § 23-67-215 - Insurers and Advisory Organizations -- Prohibited Activities.
  (a) Monopolies. No insurer or advisory organization shall attempt to monopolize or to combine or conspire with any other person to monopolize an insurance...
• § 23-67-216 - Advisory Organizations -- Permitted Activities.
  Any advisory organization, in addition to other activities permitted, is authorized to: (1) Develop statistical plans, including territorial and class definitions; (2) Collect statistical...
• § 23-67-217 - Advisory Organizations -- Filings.
  Every advisory organization shall file with the Insurance Commissioner every advisory document pursuant to § 23-67-216 thirty (30) days prior to the effective date....
• § 23-67-218 - Records and Reports.
  (a) The Insurance Commissioner may adopt reasonable rules for use by companies to record and report to the commissioner rates and other information determined...
• § 23-67-219 - Workers' Compensation and Employers' Liability Insurance.
  With regard to workers' compensation and employers' liability insurance incidental thereto and written in connection therewith, the following provisions shall apply: (1) (A) Every...
• § 23-67-220 - Examinations.
  (a) The Insurance Commissioner may examine any insurer, pool, advisory organization, or residual market mechanism as he or she deems necessary to ascertain compliance...
• § 23-67-221 - [Repealed.]
• § 23-67-222 - Administrative Procedures.
  (a) Administrative procedures exercised by the Insurance Commissioner under this chapter shall be in accordance with §§ 23-61-303 -- 23-61-306.(b) Appeals from orders of...
• § 23-67-223 - Comparison Data for Private Passenger Automobile, Homeowners Multi-Peril, and Dwelling Fire Insurance Policies.
  (a) The Insurance Commissioner shall compile computerized comparisons of premiums charged and coverage available, broken down by geographic area and by varying deductible levels,...

Last modified: November 15, 2016