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23-63-610. Assets — Conflict of treatment in subchapters in Arkansas Insurance Code.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-610. Assets — Conflict of treatment in subchapters in Arkansas Insurance Code.
In the event of a conflict as to treatment of assets between § 23-63-601 et seq. and § 23-63-801 et seq., § 23-63-601 et seq. shall govern.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-610
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:23-63-610
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6887f173129ce523e904947150643e047a401e3a75510f334143b142836d1bdf
Source location: content.xml paragraph 32189
Stored source content
23-63-610. Assets — Conflict of treatment in subchapters in Arkansas Insurance Code.
In the event of a conflict as to treatment of assets between § 23-63-601 et seq. and § 23-63-801 et seq., § 23-63-601 et seq. shall govern.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-601. Definition.
In any determination of the financial condition, including whether an asset is allowable, of a domestic insurer, domestic title insurer, or other domestic regulated entities reporting to the Insurance Commissioner, including health maintenance organizations, hospital or medical service corporations, farmers' mutual aid associations or companies, and other licensees, all hereinafter called “reporting entities” for purposes of this subchapter, the definition of an “asset” contained in the National Association of Insurance Commissioners' publication as it existed on January 1, 2001, entitled the “Accounting Practices and Procedures Manual”, with certain additions, will be used in the determination. Additions shall include, but may not be limited to, the following:
(1)(A) Electronic data processing equipment, licenses, and operating system software, excluding any amount paid to officers and employees of the reporting entity, necessary for installation and use of a data processing or accounting system, or both, to be used in connection with the business of the insurer or reporting entity.
(B) Commencing on and after January 1, 2001, assets allowed under this section, as well as nonoperating system software, shall be accounted for in accordance with the National Association of Insurance Commissioners' publication as it existed on January 1, 2001, entitled the “Accounting Practices and Procedures Manual”; and
(2) Other assets as specified by the commissioner in a rule.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-601
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 23-63-601. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-801. Applicability.
Except as to § 23-63-835, the provisions of this subchapter shall apply to domestic insurers only.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-801
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 23-63-801. This identifies an authority to review, not proof of applicability.