Browse Arkansas Code titles and sections
23-65-320. Domestic surplus lines insurers.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-65-320. Domestic surplus lines insurers.
(a) A domestic insurer possessing policyholder surplus of at least twenty million dollars ($20,000,000) may be:
(1) Designated as a domestic surplus lines insurer with the written approval of the Insurance Commissioner; and
(2) Allowed to write surplus lines insurance in any jurisdiction in which it is eligible.
(b) A domestic surplus lines insurer is:
(1) Deemed a nonadmitted surplus lines insurer in the State of Arkansas; and
(2) Deemed a nonadmitted surplus lines insurer under the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. No. 111-203.
(c) A domestic surplus lines insurer is not subject to:
(1) The Arkansas Property and Casualty Insurance Guaranty Act, § 23-90-101 et seq.; or
(2) The Arkansas Life and Health Insurance Guaranty Association Act, § 23-96-101 et seq.
(d) A surplus lines broker that obtains surplus lines insurance from a domestic surplus lines insurer shall comply with § 23-65-315.
(e) Unless specifically exempt, the insurance laws of this state regarding financial and solvency requirements apply to a domestic surplus lines insurer.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-65-320
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.
Issuing source page ↗
Authority boundary: historical statutory source snapshot not current law.
Open the recorded source website ↗
Record provenance
Stable record: arkansas_code:legal_authorities:23-65-320
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: b0a44c0827ba1c2d44639eb4e37443b2cc976e5e415ea928a27813c15c213524
Source location: content.xml paragraph 37421
Stored source content
23-65-320. Domestic surplus lines insurers.
(a) A domestic insurer possessing policyholder surplus of at least twenty million dollars ($20,000,000) may be:
(1) Designated as a domestic surplus lines insurer with the written approval of the Insurance Commissioner; and
(2) Allowed to write surplus lines insurance in any jurisdiction in which it is eligible.
(b) A domestic surplus lines insurer is:
(1) Deemed a nonadmitted surplus lines insurer in the State of Arkansas; and
(2) Deemed a nonadmitted surplus lines insurer under the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. No. 111-203.
(c) A domestic surplus lines insurer is not subject to:
(1) The Arkansas Property and Casualty Insurance Guaranty Act, § 23-90-101 et seq.; or
(2) The Arkansas Life and Health Insurance Guaranty Association Act, § 23-96-101 et seq.
(d) A surplus lines broker that obtains surplus lines insurance from a domestic surplus lines insurer shall comply with § 23-65-315.
(e) Unless specifically exempt, the insurance laws of this state regarding financial and solvency requirements apply to a domestic surplus lines insurer.
Cross-references
Connections may be documented source relationships, shared citations or nearby passages. Each explains its basis; a connection alone does not establish applicability to your situation.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-65-315. Tax on brokers.
(a) No later than sixty (60) days following the end of the calendar quarter in which surplus lines insurance was procured, the surplus lines broker shall remit to the Treasurer of State through the Insurance Commissioner a tax of four percent (4%) on the direct premiums written, less return premiums and exclusive of sums collected to cover state or federal taxes, on surplus lines insurance subject to tax transacted by the surplus lines broker during the preceding calendar quarter for the privilege of transacting business as a surplus lines broker in this state.
(b) The commissioner may participate in a multistate agreement or enter into a compact for the purpose of reporting, collecting, and apportioning surplus lines insurance premium taxes.
(c) If a surplus lines insurance policy covers risks or exposures only partially in this state and the commissioner has entered into an agreement with other states for the apportionment of premium taxes for multistate risks, the tax payable by the surplus lines broker shall be computed and paid on the proportion of the premium that is properly allocable to the risks or exposures located in this state according to the terms of the agreement.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-65-315
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 23-65-315. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-90-101. Title.
This chapter shall be known and may be cited as the “Arkansas Property and Casualty Insurance Guaranty Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-90-101
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 23-90-101. This identifies an authority to review, not proof of applicability.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-96-101. Title.
This chapter shall be known and may be cited as the “Arkansas Life and Health Insurance Guaranty Association Act”.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-96-101
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 23-96-101. This identifies an authority to review, not proof of applicability.