Arkansas Code Title 23, Subtitle 3, Chapter 69, Subchapter 4 - Risk Management and Own Risk Assessment Act

• § 23-69-401 - Title.
  This subchapter shall be known and may be cited as the "Risk Management and Own Risk Assessment Act".
• § 23-69-402 - Findings and Intent.
  (a) The General Assembly finds that: (1) The Insurance Commissioner requires an insurer or insurance group to submit confidential and privileged information to the...
• § 23-69-403 - Definitions.
  As used in this subchapter: (1) "Insurance group" means an insurer and the insurer's affiliates that are in an insurance holding company system, as...
• § 23-69-404 - Risk Management Framework.
  (a) An insurer shall establish and maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on the...
• § 23-69-405 - Own Risk and Solvency Assessment -- Requirements.
  Except as provided in § 23-69-407, an insurer or the insurance group that the insurer is a member of shall perform an own risk...
• § 23-69-406 - Own Risk and Solvency Assessment Summary.
  (a) (1) (A) Upon request, an insurer shall submit to the Insurance Commissioner no more than one (1) time a year beginning January 1,...
• § 23-69-407 - Exemption -- Applicability.
  (a) An insurer is exempt from this subchapter if: (1) The insurer has annual direct written and unaffiliated assumed premiums, including international direct and...
• § 23-69-408 - Own Risk and Solvency Assessment Summary Report -- Content.
  (a) (1) An own risk and solvency assessment summary report shall be prepared pursuant to the Own Risk and Solvency Assessment Guidance Manual, subject...
• § 23-69-409 - Confidentiality.
  (a) Any documents, materials, or other information, including an own risk and solvency assessment summary report, in the possession of or under the control...
• § 23-69-410 - Sanctions.
  (a) An insurer failing without just cause to timely file the own risk and solvency assessment summary report under this subchapter shall be required,...

Last modified: November 15, 2016