Browse Arkansas Code titles and sections
23-100-104. Antifraud assessment.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-100-104. Antifraud assessment.
(a)(1)(A) Each licensed insurer shall pay into the State Insurance Department Criminal Investigation Division Trust Fund a nonrefundable antifraud assessment as directed by the Insurance Commissioner for the reasonable and necessary expenses and operation of the Criminal Investigation Division.
(B) As used in this section, “licensed insurer” includes a:
(i) Licensed stock and mutual insurance company;
(ii) Reinsurer;
(iii) Health maintenance organization;
(iv) Fraternal benefit society;
(v) Hospital and medical service corporation;
(vi) Stipulated premium insurer;
(vii) Farmers' mutual aid association; and
(viii) Prepaid legal insurer.
(2) This section does not apply to an approved but nonadmitted surplus lines insurer or to a registered risk retention group.
(b)(1) The antifraud assessment required by this section shall be paid annually on or before June 1 at the time and in the manner that the commissioner prescribes or at times alternate from June 1 annually that the commissioner prescribes.
(2)(A) By rule, the commissioner may set the amount of the antifraud assessment.
(B) The antifraud assessment shall not exceed one thousand dollars ($1,000) per fiscal year.
(3) The antifraud assessment is in addition to the premium taxes and fees required under existing law.
(c) This section shall apply notwithstanding the provisions of § 26-57-601 et seq., the State Insurance Department Trust Fund Act, § 23-61-701 et seq., and other provisions of Arkansas law.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-100-104
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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Record provenance
Stable record: arkansas_code:legal_authorities:23-100-104
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 3a0df3e07b130ec065cd8f58efd70120224bc2c1a911d5338c84f4997b414dd3
Source location: content.xml paragraph 60130
Stored source content
23-100-104. Antifraud assessment.
(a)(1)(A) Each licensed insurer shall pay into the State Insurance Department Criminal Investigation Division Trust Fund a nonrefundable antifraud assessment as directed by the Insurance Commissioner for the reasonable and necessary expenses and operation of the Criminal Investigation Division.
(B) As used in this section, “licensed insurer” includes a:
(i) Licensed stock and mutual insurance company;
(ii) Reinsurer;
(iii) Health maintenance organization;
(iv) Fraternal benefit society;
(v) Hospital and medical service corporation;
(vi) Stipulated premium insurer;
(vii) Farmers' mutual aid association; and
(viii) Prepaid legal insurer.
(2) This section does not apply to an approved but nonadmitted surplus lines insurer or to a registered risk retention group.
(b)(1) The antifraud assessment required by this section shall be paid annually on or before June 1 at the time and in the manner that the commissioner prescribes or at times alternate from June 1 annually that the commissioner prescribes.
(2)(A) By rule, the commissioner may set the amount of the antifraud assessment.
(B) The antifraud assessment shall not exceed one thousand dollars ($1,000) per fiscal year.
(3) The antifraud assessment is in addition to the premium taxes and fees required under existing law.
(c) This section shall apply notwithstanding the provisions of § 26-57-601 et seq., the State Insurance Department Trust Fund Act, § 23-61-701 et seq., and other provisions of Arkansas law.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-61-701. Title.
This subchapter shall be known as the “State Insurance Department Trust Fund Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-61-701
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 23-61-701. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
26-57-601. Tax additional.
The premium tax levied by §§ 26-57-603 — 26-57-605 shall be in addition to the tax paid by casualty companies and self-insurers writing workers' compensation insurance under the Workers' Compensation Law, § 11-9-101 et seq.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 26-57-601
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 26-57-601. This identifies an authority to review, not proof of applicability.