Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: \\Aidsandbox\accounting\2010premiumtaxformspage_image001.jpg

Accounting Division

Phone:  (501) 371-2605

Fax:  (501) 682-6679

Email:  insurance.accounting@arkansas.gov

RULE 56, COMPANIES FINANCIAL REGULATION FEE (CFRF)

 

Link to Rule 56

 

WHO IS REQUIRED TO FILE CFRF?

 

“Rule 56 shall apply to all licensed or authorized domestic, foreign, and/or stock and mutual insurers, mutual assessment life and disability insurers, health maintenance organizations (HMO’s), fraternal benefit societies, hospital and medical service corporations, stipulated premium plan and reciprocal insurers, title insurance companies, prepaid legal insurance companies, and farmers’ mutual aid associations (FMAA’s), pursuant to Section 3 of Act 652 of 1993.  For purposes of this Rule, “insurers” shall mean all and any of the licensed or authorized insurers of the Insurance Commissioner referenced in this Rule, in Section 3 of Act 652 of 1993, and as defined in Ark. Code Ann. §23-60-102 (11).” 

 

WHO IS NOT REQUIRED TO FILE CFRF?

 

Risk Retention Groups, Companies licensed as Medicare only, and Surplus Lines Insurance Companies are not required to file the Companies Financial Regulation Fee.  Please see Rule 56 for complete information.

 

WHEN IS IT DUE?

By June 1st each year.  We do not honor the postmark.  The form and payment must be in our office on or before June 1st each year. We recommend that you send your filing & payment as soon as the form is available to ensure that we receive it in plenty of time.

 

WHEN IS IT AVAILABLE?

 

Form is made available on March 15th.  Form and payment may be sent any time between March 15th and June 1stThe form changes each year. Do not thumbnail or save the

form itself. It will not automatically refresh when it changes each year.

 

Do not send this filing with premium tax or the antifraud assessment fee.

 

***************IMPORTANT INFORMATION******************

 

YOU MUST FILE ON OUR FORM. 

WE DO NOT ACCEPT SOFTWARE COMPANY FORMS. 

FORM MUST BE COMPLETED ON OUR WEBSITE. 

PRINT, SIGN, AND SEND WITH YOUR PAYMENT. 

PLEASE PRINT ON LETTER SIZE PAPER ONLY.

DO NOT DUPLEX FORM & INSTRUCTIONS.

Do not send the instructions with your filing. 

Only the form & your check are needed.

Do not send a copy of the annual statement pages.

They are not needed for this filing.

 No reminder is sent.  It is the company’s responsibility to file on time.

 

Rule 56 states that the check must be made payable to:

The State Insurance Department Trust Fund

Please notify your Accounting area of this information.

 

 

*****************************************************************

 

PLEASE READ & FOLLOW INSTRUCTIONS INCLUDED WITH THE FORM.

  

CFRF FORM & INSTRUCTIONS

 

      Home | Divisions | Site Map | Contact Us