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Accounting Division Phone: (501) 371-2605 Fax: (501) 682-6679 |
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RULE 56, COMPANIES
FINANCIAL REGULATION FEE (CFRF) 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 1st.
The 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. |
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