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23-92-207. Books and records.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-92-207. Books and records.
(a) Every administrator shall maintain at its principal administrative office for the duration of the written agreement referred to in § 23-92-202 and five (5) years thereafter adequate books and records of all transactions between it, self-insured plans, trusts, and covered individuals. These books and records shall be maintained in accordance with prudent standards of insurance recordkeeping.
(b) The Insurance Commissioner shall have access to the books and records for the purpose of examination, audit, and inspection.
(c) Any trade secrets contained therein, including, but not limited to, the identity and addresses of plans and trusts, shall be confidential, except that the commissioner may use the information in any proceedings instituted against the administrator.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-92-207
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:23-92-207
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 80d7dac4d9f84e24c424551cd52a2731e84be7018d418ac0c94df7736a6ec647
Source location: content.xml paragraph 55635
Stored source content
23-92-207. Books and records.
(a) Every administrator shall maintain at its principal administrative office for the duration of the written agreement referred to in § 23-92-202 and five (5) years thereafter adequate books and records of all transactions between it, self-insured plans, trusts, and covered individuals. These books and records shall be maintained in accordance with prudent standards of insurance recordkeeping.
(b) The Insurance Commissioner shall have access to the books and records for the purpose of examination, audit, and inspection.
(c) Any trade secrets contained therein, including, but not limited to, the identity and addresses of plans and trusts, shall be confidential, except that the commissioner may use the information in any proceedings instituted against the administrator.
Cross-references
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-92-202. Written agreement required.
A third-party administrator may act in that capacity only if he or she has a written agreement with a self-insured plan or trust. The agreement shall be maintained by the third-party administrator and subject to review by the Insurance Commissioner.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-92-202
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 23-92-202. This identifies an authority to review, not proof of applicability.