Arkansas Code Title 23, Subtitle 3, Chapter 67, Subchapter 5 - Malpractice Insurance Rates
- § 23-67-501 - Applicability.
(a) The provisions of this subchapter shall be applicable to malpractice insurance as defined in § 23-62-105(a)(10) except officers and directors liability and fiduciary...
- § 23-67-502 - Standards for Rates.
Rates for malpractice insurance shall not be: (1) (A) Excessive. (B) A rate is excessive if it is likely to produce a profit from...
- § 23-67-503 - Rating Criteria.
(a) A malpractice insurer shall consider past and prospective loss experience solely within this state.(b) (1) If insufficient experience exists within this state upon...
- § 23-67-504 - Rate Administration.
(a) (1) The Insurance Commissioner shall promulgate rules requiring each malpractice insurer to record and report its loss and expense experience and any other...
- § 23-67-505 - Filing of Rating Information.
(a) Every malpractice insurer shall file with the Insurance Commissioner every manual of classifications, rules, and rates, every rating plan, and every modification of...
- § 23-67-506 - Review of Filings.
(a) All malpractice rate filings shall remain on file for public inspection.(b) Whenever a malpractice insurer files a proposed overall rate increase of twenty...
- § 23-67-507 - Disapproval of Rates.
The Insurance Commissioner shall follow the procedures set forth in § 23-67-213 when any malpractice rate filing under this subchapter is disapproved.
- § 23-67-508 - Administrative Procedures.
(a) Administrative procedures exercised by the Insurance Commissioner under this subchapter shall be in accordance with §§ 23-61-303 -- 23-61-306.(b) (1) Appeals from orders...
- § 23-67-509 - Provisions Cumulative.
This subchapter supplements existing law. Only those laws and parts of laws in direct conflict with this subchapter are repealed.
- § 23-67-510 - Effective Date.
This subchapter applies to all malpractice policies issued or renewed on or after January 1, 2006.
Last modified: November 15, 2016