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23-75-118. Review of decisions.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-75-118. Review of decisions.

23-75-118. Review of decisions. All orders of the Insurance Commissioner made pursuant to this chapter shall be subject to the provisions of § 23-61-101 et seq. and § 23-61-201 et seq., including the right of hearing, rehearing, and appeal.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-75-118

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:23-75-118
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 1fe9624f64bedbec2496c81df69bfa0a9eaf4f50ce35d3e854573e069fe384cb

Source location: content.xml paragraph 43401

Stored source content

23-75-118. Review of decisions. All orders of the Insurance Commissioner made pursuant to this chapter shall be subject to the provisions of § 23-61-101 et seq. and § 23-61-201 et seq., including the right of hearing, rehearing, and appeal.

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Arkansas Code — all titles (historical 2020) · legal_authorities

23-61-101. State Insurance Department — Continuation — Assignment of space.

23-61-101. State Insurance Department — Continuation — Assignment of space. (a)(1) There is created the State Insurance Department. (2) The State Insurance Department is a division of the Department of Commerce. (b) Suitable space shall be assigned for the use of the State Insurance Department. (c)(1)(A) The purpose of the State Insurance Department is to serve and protect the public interest by the equitable enforcement of the state's laws and rules affecting the insurance industry. (B) The primary mission of the State Insurance Department shall be consumer protection through insurer solvency and market conduct regulation, and fraud prosecution and deterrence. (2) Nothing in this subsection shall be construed to limit the Insurance Commissioner's authority as enumerated in other provisions of the Arkansas Insurance Code.

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-61-101

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 23-61-101. This identifies an authority to review, not proof of applicability.

Arkansas Code — all titles (historical 2020) · legal_authorities

23-61-201. Examination of insurers required.

23-61-201. Examination of insurers required. (a)(1) The Insurance Commissioner shall examine the affairs, transactions, accounts, records, market conduct activity, and assets of each authorized insurer as often as in the commissioner's sole discretion he or she deems advisable. (2) The commissioner shall so examine each authorized insurer not less frequently than every five (5) years. (3) Examination of an alien insurer shall be limited to its insurance transactions and affairs in the United States. (4) In scheduling and determining the nature, scope, and frequency of the examinations, the commissioner shall consider such matters as the results of financial statement analyses and ratios, changes in management or ownership, actuarial opinions, reports of independent certified public accountants, and other criteria as set forth in the most current edition of the applicable examiners handbook and other standards adopted by the National Association of Insurance Commissioners and in effect when the commissioner exercises discretion to conduct an examination under subdivision (a)(1) of this section. (b) The commissioner may, in like manner, examine each insurer applying for an initial certificate of authority to transact insurance in this state. (c) In lieu of making his or her own examination of any foreign or alien insurer authorized in this state, the commissioner may, in his or her discretion, accept a full report of the last recent examination of a foreign or alien insurer as prepared by the insurance department for the company's state of domicile or port-of-entry state. After January 1, 1994, such reports may only be accepted by the commissioner if: (1) The insurance department preparing the report was at the time of the examination accredited under the Na

Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-61-201

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 23-61-201. This identifies an authority to review, not proof of applicability.