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11-9-302. Qualifying fees for carriers, third-party administrators, and self-insurers.

Arkansas Code — all titles (historical 2020) · legal_authorities

11-9-302. Qualifying fees for carriers, third-party administrators, and self-insurers.

11-9-302. Qualifying fees for carriers, third-party administrators, and self-insurers. (a) Each carrier writing compensation insurance in this state shall pay to the Insurance Commissioner, in addition to the premium taxes and fees now required under existing laws, at the time of securing the first license to transact business in the state the sum of five hundred dollars ($500) for the privilege of qualifying with the Workers' Compensation Commission for the writing of compensation insurance. (b) At the time of qualifying, each self-insurer or third-party administrator shall pay to the commission the sum of one hundred dollars ($100) for the privilege of qualifying as a self-insurer or third-party administrator. (c) All carriers, self-insurers, or third-party administrators qualifying under the provisions of this chapter shall be required to pay this initial assessment before they shall be qualified. (d) These fees shall be deposited into the Workers' Compensation Fund created in § 11-9-301. (e) The commission may assess a third-party administrator an annual fee of one hundred dollars ($100).

Source: Arkansas Code — historical release 78 (November 6, 2020) · 11-9-302

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.

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Stable record: arkansas_code:legal_authorities:11-9-302
Source file: gov.ar.code.title.11.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3c03b1ddec78c3b20e3aa5e793cd1c72c23c7fad0c4af6607c788c4389839e5b

Source location: content.xml paragraph 5378

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11-9-302. Qualifying fees for carriers, third-party administrators, and self-insurers. (a) Each carrier writing compensation insurance in this state shall pay to the Insurance Commissioner, in addition to the premium taxes and fees now required under existing laws, at the time of securing the first license to transact business in the state the sum of five hundred dollars ($500) for the privilege of qualifying with the Workers' Compensation Commission for the writing of compensation insurance. (b) At the time of qualifying, each self-insurer or third-party administrator shall pay to the commission the sum of one hundred dollars ($100) for the privilege of qualifying as a self-insurer or third-party administrator. (c) All carriers, self-insurers, or third-party administrators qualifying under the provisions of this chapter shall be required to pay this initial assessment before they shall be qualified. (d) These fees shall be deposited into the Workers' Compensation Fund created in § 11-9-301. (e) The commission may assess a third-party administrator an annual fee of one hundred dollars ($100).

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Arkansas Code — all titles (historical 2020) · legal_authorities

11-9-301. Funds established.

11-9-301. Funds established. (a) There are established on the books of the Treasurer of State, the Auditor of State, and the Chief Fiscal Officer of the State, three (3) separate funds: (1) The “Workers' Compensation Fund”; (2) The “Second Injury Trust Fund”; and (3) The “Death and Permanent Total Disability Trust Fund”. (b) Except for funds transferred into the General Revenue Fund Account specified in § 11-9-303(c) or other sections of this subchapter, no money shall be appropriated from these funds for any purpose except for the use and benefit, or at the direction of, the Workers' Compensation Commission. (c) All funds established pursuant to this section shall be administered, disbursed, and invested under the direction of the commission. (d) All incomes derived through investment of the Workers' Compensation Fund, the Second Injury Trust Fund, and the Death and Permanent Total Disability Trust Fund shall be credited, as investment income, to the fund that participated in the investment. For the purpose of investment, Workers' Compensation Fund moneys shall be invested in accordance with the State Treasury Management Law, § 19-3-501 et seq. (e) Except for moneys transferred into the General Revenue Fund Account specified in § 11-9-303(c) or other sections of this subchapter, all moneys deposited to the aforementioned funds shall not be subject to any deduction, tax, levy, or any other type of assessment. (f) If, on or after July 1, 1983, the balance in the Second Injury Trust Fund becomes insufficient to fully compensate those employees to whom it is obligated, payment shall be suspended until such time as the Second Injury Trust Fund is capable of meeting its obligations, paying all arrearages, and restoring normal benefit payments. In no event s

Source: Arkansas Code — historical release 78 (November 6, 2020) · 11-9-301

Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 11-9-301. This identifies an authority to review, not proof of applicability.