Browse Arkansas Code titles and sections
23-91-226. Taxation.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-91-226. Taxation.
(a) Taxation on legal insurance premiums shall be fixed at the rate of two and one-half percent (2.5%) of direct written premium income in Arkansas, after deduction for dividends paid to policyholders and returned premiums, and shall be due and payable in estimated quarterly installments and reconciled annually at the time of filing the insurer's annual report as required by § 23-91-215.
(b) The Insurance Commissioner shall deposit all premium taxes collected under this section in the State Treasury as general revenues.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-91-226
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:23-91-226
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: a852651d7d0de925ce50f2c232677f783df751a57987b74eb9f2cd426a63d361
Source location: content.xml paragraph 55473
Stored source content
23-91-226. Taxation.
(a) Taxation on legal insurance premiums shall be fixed at the rate of two and one-half percent (2.5%) of direct written premium income in Arkansas, after deduction for dividends paid to policyholders and returned premiums, and shall be due and payable in estimated quarterly installments and reconciled annually at the time of filing the insurer's annual report as required by § 23-91-215.
(b) The Insurance Commissioner shall deposit all premium taxes collected under this section in the State Treasury as general revenues.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-91-215. Annual report.
Each insurer shall annually, on or before March 1, file with the Insurance Commissioner a report verified by at least two (2) principal officers. The report shall be on forms prescribed by the commissioner and shall include:
(1) A financial statement of the insurer's legal insurance business including:
(A) Its balance sheet; and
(B) Its receipts and disbursements for the preceding year;
(2) Any material changes in the information submitted pursuant to § 23-91-209;
(3) Such information about the number of persons protected and terminated as may be prescribed by the commissioner; and
(4) Such other information relating to the performance of the insurer as is necessary to enable the commissioner to carry out his or her duties under this subchapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-91-215
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 23-91-215. This identifies an authority to review, not proof of applicability.