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23-63-1310. Supplemental provisions — Rules — Exemption.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-1310. Supplemental provisions — Rules — Exemption.
(a) This subchapter is supplemental to other laws of this state and does not preclude or limit other powers or duties of the Insurance Commissioner under those laws, including without limitation § 23-68-101 et seq.
(b) The commissioner may adopt reasonable rules necessary for the implementation of this subchapter.
(c) The commissioner may exempt a domestic insurer licensed to do business in this state from this subchapter if the domestic insurer:
(1) Writes direct business only in this state;
(2) Writes direct annual premiums of two million dollars ($2,000,000) or less; and
(3) Assumes no reinsurance more than five percent (5%) of direct premium written.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-1310
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:23-63-1310
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 59d92910d78da3509462d204748174e78e9eb1b88d3226dc2b78270db179f418
Source location: content.xml paragraph 33367
Stored source content
23-63-1310. Supplemental provisions — Rules — Exemption.
(a) This subchapter is supplemental to other laws of this state and does not preclude or limit other powers or duties of the Insurance Commissioner under those laws, including without limitation § 23-68-101 et seq.
(b) The commissioner may adopt reasonable rules necessary for the implementation of this subchapter.
(c) The commissioner may exempt a domestic insurer licensed to do business in this state from this subchapter if the domestic insurer:
(1) Writes direct business only in this state;
(2) Writes direct annual premiums of two million dollars ($2,000,000) or less; and
(3) Assumes no reinsurance more than five percent (5%) of direct premium written.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-68-101. Uniform Insurers Liquidation Act.
(1) Section 23-68-102(2)-(13), together with §§ 23-68-101, 23-68-104, 23-68-105, 23-68-113, and 23-68-115 — 23-68-120, constitute and may be referred to as the “Uniform Insurers Liquidation Act”.
(2) The Uniform Insurers Liquidation Act shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states that enact it. To the extent that its provisions when applicable conflict with other provisions of this chapter, the provisions of such act shall control.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-68-101
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 23-68-101. This identifies an authority to review, not proof of applicability.