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23-66-402. Definitions.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-66-402. Definitions.
As used in this subchapter:
(1) A “blind” is the collection of a premium from a policy owner or premium payor who is intentionally not made aware of the correct paid-to status of the policy for which the premium is to be applied because a premium intentionally was not properly recorded pursuant to § 23-66-405(1);
(2) “Commissioner” means the Insurance Commissioner of this state;
(3) “Customarily collected” means that in his or her ordinary course of business, the agent collects premiums for the policy on site at a payor's home or business;
(4)(A) “Customarily marketed, issued, or delivered” means that in his or her ordinary course of business, the agent markets, issues, or delivers the policy on site at a payor's home or business.
(B) “Customarily marketed, issued, or delivered” does not include any solicitation or sale made at the home or workplace of a person, if it will not thereafter be the ordinary course of business of the agent to either collect premiums from the person on site at his or her home or workplace, or regularly service the premium payor or policyowner on site at his or her home or workplace; and
(5) “Home service system of distribution” is a manner of selling insurance policies which are customarily marketed, issued, or delivered by an agent in person at a payor's home or business, or is a manner of collecting premiums in which premiums are customarily collected in person at a payor's home or business by an agent. This shall not include the sale of commercial policies, crop or hail policies, or term policies covering crops whether harvested or unharvested, or policies covering grain, hay, chemicals, or fertilizer.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-66-402
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:23-66-402
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: eb8c5049c7941fb2ccb2bcb79f0705522ee6ea9ba7e845d8fc192d977dc337c0
Source location: content.xml paragraph 38201
Stored source content
23-66-402. Definitions.
As used in this subchapter:
(1) A “blind” is the collection of a premium from a policy owner or premium payor who is intentionally not made aware of the correct paid-to status of the policy for which the premium is to be applied because a premium intentionally was not properly recorded pursuant to § 23-66-405(1);
(2) “Commissioner” means the Insurance Commissioner of this state;
(3) “Customarily collected” means that in his or her ordinary course of business, the agent collects premiums for the policy on site at a payor's home or business;
(4)(A) “Customarily marketed, issued, or delivered” means that in his or her ordinary course of business, the agent markets, issues, or delivers the policy on site at a payor's home or business.
(B) “Customarily marketed, issued, or delivered” does not include any solicitation or sale made at the home or workplace of a person, if it will not thereafter be the ordinary course of business of the agent to either collect premiums from the person on site at his or her home or workplace, or regularly service the premium payor or policyowner on site at his or her home or workplace; and
(5) “Home service system of distribution” is a manner of selling insurance policies which are customarily marketed, issued, or delivered by an agent in person at a payor's home or business, or is a manner of collecting premiums in which premiums are customarily collected in person at a payor's home or business by an agent. This shall not include the sale of commercial policies, crop or hail policies, or term policies covering crops whether harvested or unharvested, or policies covering grain, hay, chemicals, or fertilizer.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-66-405. Premiums.
For every premium collected on a policy of property, casualty, life, or accident and health insurance in this state, the agent collecting or receiving such a premium shall:
(1) Furnish the payor with written evidence of payment at the time the premium is collected, which shall include the amount paid, the date paid, the date-paid-to status of the policy, the policy number or the identifying characteristics for which the payment will be credited, the signature or signed initials of the agent, and the office address and phone number of the insurer; and
(2) Remit to the insurer's home office or applicable district office the premium collected within ten (10) days of receipt from the premium payor or policy owner.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-66-405
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 23-66-405. This identifies an authority to review, not proof of applicability.