Browse Arkansas Code titles and sections
23-67-503. Rating criteria.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-67-503. Rating criteria.
(a) A malpractice insurer shall consider past and prospective loss experience solely within this state.
(b)(1) If insufficient experience exists within this state upon which a rate can be based, the malpractice insurer may consider experience within any other state or states that have similar claim costs and frequency.
(2) If sufficient experience from any other state is not available, the malpractice insurer may use nationwide experience.
(c) In its rate filing and records, the malpractice insurer shall provide detailed information on the data supporting the experience it is using.
(d) When experience outside this state is considered, as much weight as possible shall be given to state experience.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-67-503
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:23-67-503
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: f78f8f8b31f07cdf23d50e0dd0035712378a9e6a444987f4b0576fed6b1f7b4f
Source location: content.xml paragraph 39416
Stored source content
23-67-503. Rating criteria.
(a) A malpractice insurer shall consider past and prospective loss experience solely within this state.
(b)(1) If insufficient experience exists within this state upon which a rate can be based, the malpractice insurer may consider experience within any other state or states that have similar claim costs and frequency.
(2) If sufficient experience from any other state is not available, the malpractice insurer may use nationwide experience.
(c) In its rate filing and records, the malpractice insurer shall provide detailed information on the data supporting the experience it is using.
(d) When experience outside this state is considered, as much weight as possible shall be given to state experience.
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