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23-63-1615. Rules.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-1615. Rules.
(a) The Insurance Commissioner may promulgate rules relating to captive insurance companies as are necessary to carry out this subchapter.
(b)(1) The commissioner may promulgate rules establishing standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive insurance company or participant in a sponsored captive insurance company.
(2) Prior to these rules' being promulgated, the commissioner may grant, by temporary order, authority to a pure captive insurance company to insure risks.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-1615
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:23-63-1615
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: fdb3692aee5113e34dfa5a9426b5e7a1998efa75cce5da6ddd0f4f47c8e305f5
Source location: content.xml paragraph 34141
Stored source content
23-63-1615. Rules.
(a) The Insurance Commissioner may promulgate rules relating to captive insurance companies as are necessary to carry out this subchapter.
(b)(1) The commissioner may promulgate rules establishing standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive insurance company or participant in a sponsored captive insurance company.
(2) Prior to these rules' being promulgated, the commissioner may grant, by temporary order, authority to a pure captive insurance company to insure risks.
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