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23-65-306. Brokers' reports.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-65-306. Brokers' reports.
(a) At the time of the procuring of surplus lines insurance in this state, when this state is considered the home state of the insured, the surplus lines broker shall file a report with the Insurance Commissioner within sixty (60) days following the end of the calendar quarter stating the facts referenced in §§ 23-65-313 and 23-65-314 and any additional information the commissioner shall require.
(b) Reports filed under this section are not subject to public inspection unless the commissioner determines that the public interest or the welfare of the filing broker requires otherwise.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-65-306
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:23-65-306
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: ccbb2f8428ba9fbb21f161b837338e2375825e44eec5a6d329069560b4721b4f
Source location: content.xml paragraph 37189
Stored source content
23-65-306. Brokers' reports.
(a) At the time of the procuring of surplus lines insurance in this state, when this state is considered the home state of the insured, the surplus lines broker shall file a report with the Insurance Commissioner within sixty (60) days following the end of the calendar quarter stating the facts referenced in §§ 23-65-313 and 23-65-314 and any additional information the commissioner shall require.
(b) Reports filed under this section are not subject to public inspection unless the commissioner determines that the public interest or the welfare of the filing broker requires otherwise.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-65-313. Records of brokers.
(a) Each surplus lines broker shall keep in his or her office a full and true record of each of his or her surplus lines contracts procured within this state where this state is the home state of the insured, including a copy of the daily report, if any, and showing the following items as applicable:
(1) Amount of the insurance;
(2) Gross premium charged;
(3) Return premium paid, if any;
(4) Rate of premium charged upon the several items of property;
(5) Effective date of the contract and the contract terms;
(6) Name and address of the insurer;
(7) Name and address of the insured;
(8) Brief general description of property insured and where located; and
(9) Other information as required by the Insurance Commissioner.
(b) The records shall be open to examination by the commissioner and shall be kept available and open to inspection by the commissioner for the next five (5) years following the termination of the contracts.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-65-313
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 23-65-313. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-65-314. Quarterly statement.
(a) On or before March 1, June 1, September 1, and December 1 of each year, a surplus lines broker shall file with the Insurance Commissioner a statement for the preceding period of the surplus lines insurance transactions of an insured whose home state is the State of Arkansas.
(b) The statement shall be on forms as prescribed and furnished by the commissioner and shall show:
(1) The gross amount of each kind of insurance transacted;
(2) The aggregate gross premiums charged, exclusive of sums collected to cover state or federal taxes;
(3) The aggregate of returned premiums and taxes paid to insureds;
(4) The aggregate of net premiums; and
(5) Additional information as required by the commissioner.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-65-314
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 23-65-314. This identifies an authority to review, not proof of applicability.