Finance Division

Phone:  (501) 371-2665

Fax:  (501) 371-2747

Email:  insurance.finance@arkansas.gov

 

Farmers Mutual Aid Associations

Arkansas Code Ann. Sec. 23-73-101 thru 23-73-123 - Laws concerning Farmers Mutual Aid  Associations

 

            Department Contact Information:

 

              Agent Licensing:  Agents shall be licensed & issued a limited line license in accordance with § 23-64-101

 

              Statutory Deposit: Malisa Landers, Securities Administrator, 501-371-2679

 

              Premium Tax Forms: Accounting Division, 501-371-2605

 

             Rule 56, Companies Financial Regulation Fee (CFRF), required annually, due by June 1st each year. 

 

             AntiFraud Assessment Form

Insurance companies licensed in the State of Arkansas must submit an antifraud plan pursuant to the antifraud initiative requirements of [A.C.A. §23-66-510 (a)].  Questions concerning the requirements should be directed to Raymond Boyles, Esq. at 501-371-2790 or raymond.boyles@arkansas.gov.  [Also reference:  Mandatory Reporting of suspected insurance fraud, fraud warnings, antifraud initiatives and disqualifications required by Act 217 of 1997 Bulletin No. 7-97 and Antifraud Initiative Requirements Rule and Regulation 66.]

 

Anti-Fraud Requirement

An assessment to support the Criminal Investigation Division is collected annually.  The Insurance Commissioner has established an antifraud assessment schedule pursuant to [A.C.A. §23-100-104]. [See also, Rule and Regulation No. 5]  The assessment is based upon the direct premium and/or annuity consideration written or renewed from or in the State of Arkansas during the previous calendar year.  The antifraud assessment form and instructions are available online.  [A.C.A. 23-100-101 through 107].

 

             Required Reports:  Property and Casualty Division, 501-371-2800

             Credit Scoring Report- Due 3/31

             County Fire Loss Annual Report- Due 6/1

             Arkansas Rural Risk Underwriting Assessment

             AR166 Report- Due 5/1

             Earthquake Market analysis report, if they write earthquake (Due 4/1)

 

             Required Financial Filings, Contact Finance Division, 501-371-2665

             Annual Statement Form- Revised Jan. 2012 and Securities Affidavit Form