Chapter 63

Insurance Companies Generally

Subchapter 1

— General Provisions

23-63-101. [Repealed.]

23-63-102. Retaliation for foreign taxes, fees, restrictions, etc.

23-63-103. Retaliation for unjustified refusal to permit business because of similar name.

23-63-104. Domicile of alien insurer.

23-63-105. Service contracts to perform administrative functions.

23-63-106. [Repealed.]

23-63-107. Prompt processing of payment by insurer.

23-63-108. [Repealed.]

23-63-109. Natural causes.

23-63-110. Policy cancellation or premium increase.

23-63-111. Policyholder’s right to loss information.

23-63-112. Notice of intent to settle.

23-63-113. Agreement required for access to contracting agent's panel of contracted health care providers or contracted reimbursement rates — Identification of network discounts applicable to provider claims required on subscriber identification cards.

23-63-114. Written management and service agreements.

Subchapter 2

— Authority To Do Business

23-63-201. Certificate of authority required — Exceptions.

23-63-202. Certificate of authority — Eligibility generally.

23-63-203. Certificate of authority — Eligibility — Name of insurer.

23-63-204. Certificate of authority — Eligibility — Combinations of kinds of insurance.

23-63-205. Certificate of authority — Eligibility — Capital funds.

23-63-206. Certificate of authority — Deposit of securities required.

23-63-207. Certificate of authority — Eligibility — Special surplus.

23-63-208. Certificate of authority — Eligibility — Lloyd's plan insurers.

23-63-209. Certificate of authority — Application.

23-63-210. Certificate of authority — Issuance.

23-63-211. Certificate of authority — Continuance, expiration, amendment, or surrender.

23-63-212. Certificate of authority — Mandatory suspension or revocation.

23-63-213. Certificate of authority — Suspension or revocation for certain violations.

23-63-214. Certificate of authority — Notice of suspension or revocation.

23-63-215. Certificate of authority — Period of suspension — Reinstatement.

23-63-216. Annual statement and other information.

23-63-217. [Repealed.]

23-63-218. Change of domicile.

Subchapter 3

— Service of Process

23-63-301. Registered office and registered agent for foreign or alien insurer and domestic reciprocal insurers.

23-63-302. Change of registered office or registered agent.

23-63-303. Resignation of registered agent.

23-63-304. Service of process of foreign or alien insurers or domestic reciprocal insurers.

Subchapter 4

— Resident Agents and Countersignatures

23-63-401 — 23-63-404. [Repealed.]

Subchapter 5

— Insurance Holding Company Regulatory Act

23-63-501. Title.

23-63-502. Legislative findings.

23-63-503. Definitions.

23-63-504. Applicability.

23-63-505. Subsidiaries of insurer.

23-63-506. Control of or merger with domestic insurer — Filing requirements.

23-63-507. Control of or merger with domestic insurer — Exceptions.

23-63-508. Control of or merger with domestic insurer — Content of statement.

23-63-509. Control of or merger with domestic insurer — Alternative filing materials.

23-63-510. Control of or merger with domestic insurer — Approval by commissioner — Hearing.

23-63-511. Control of or merger with domestic insurer — Mailings.

23-63-512. Control of or merger with domestic insurer — Jurisdiction of courts — Service of process.

23-63-513. Control of or merger with domestic insurer — Violations.

23-63-514. Registration of insurers.

23-63-515. Standards.

23-63-516. Examination.

23-63-517. Confidential treatment.

23-63-518. Rules and regulations.

23-63-519. Judicial review — Mandamus.

23-63-520. Voting of securities.

23-63-521. Injunctions.

23-63-522. Criminal and civil proceedings.

23-63-523. Receivership.

23-63-524. Revocation, suspension, or nonrenewal of insurer's license.

23-63-525. Acquisitions involving insurers not otherwise covered — Definitions.

23-63-526. Acquisitions involving insurers not otherwise covered — Scope.

23-63-527. Acquisitions involving insurers not otherwise covered — Preacquisition notification, waiting period.

23-63-528. Acquisitions involving insurers not otherwise covered — Competitive standard.

23-63-529. Acquisitions involving insurers not otherwise covered — Orders and penalties.

23-63-530. Acquisitions involving insurers not otherwise covered — Inapplicable provisions.

Subchapter 6

— Financial Reporting Standards

23-63-601. Definition.

23-63-602. Assets as deductions from liabilities.

23-63-603. Assets not allowed.

23-63-604. Liabilities — In general.

23-63-605 — 23-63-609. [Repealed.]

23-63-610. Assets — Conflict of treatment in subchapters in Arkansas Insurance Code.

23-63-611. Asset valuation.

23-63-612. Purpose — Compliance date.

23-63-613. Use of new and revised manuals — Rule-making authority.

23-63-614. Domestic title insurance and aviation title insurance reserves.

Subchapter 7

— Limits of Risk

23-63-701. Limit of risk.

Subchapter 8

— Investments

23-63-801. Applicability.

23-63-802. Eligible investments.

23-63-803. General qualifications.

23-63-804. Authorization of investment.

23-63-805. Diversification of investments.

23-63-806. United States Government obligations.

23-63-807. Loans guaranteed by the United States.

23-63-808. Investments in public obligations.

23-63-809. Municipal or county utilities.

23-63-810. Improvement district obligations.

23-63-811. Local industrial development bonds.

23-63-812. Obligations or stock of certain federal agencies.

23-63-813. International banks.

23-63-814. Corporate bonds and debentures.

23-63-815. Preferred or guaranteed stock.

23-63-816. Common stocks.

23-63-817. Insurance stocks.

23-63-818. Stocks of subsidiaries.

23-63-819. Equipment trust certificates.

23-63-820. Investment trust securities.

23-63-821. Policy loans.

23-63-822. Collateral loans.

23-63-823. Savings and loan associations.

23-63-824. Foreign securities.

23-63-825. Additional investment authority.

23-63-826. Real estate mortgages.

23-63-827. Chattel mortgages.

23-63-828. Real estate.

23-63-829. Time limit for disposal of real estate.

23-63-830. Time limit for disposal of other ineligible property and securities.

23-63-831. Failure to dispose of real estate, property, or securities.

23-63-832. Special investments by title insurer.

23-63-833. Prohibited investments.

23-63-834. Cancellation of treasury stock.

23-63-835. Investments of foreign insurers.

23-63-836. Certificates of deposit.

23-63-837. Property and facilities for fossil or synthetic fuel production.

23-63-838. [Repealed.]

23-63-839. Negotiable bills of exchange or time drafts.

23-63-840. Collateralized mortgage obligations.

23-63-841. Derivative transactions.

Subchapter 9

— Deposits

23-63-901. Authorized deposits of insurers.

23-63-902. Purpose.

23-63-903. Eligible securities.

23-63-904. Depositary or custodian.

23-63-905. Record — Liability of commissioner and state.

23-63-906. Assignment or conveyance of securities or assets — Appraisal.

23-63-907. Rights of insurer during solvency.

23-63-908. Excess deposits.

23-63-909. Payment of claims.

23-63-910. Deficiency.

23-63-911. Duration and release of deposit generally.

23-63-912. Duration and release of deposit of life insurance and annuity reserves.

Subchapter 10

— Sureties on Bonds

23-63-1001. Court, judicial, and certain other bonds.

23-63-1002. Bonds given by state, county, or municipal officers.

23-63-1003. Insurer's rights as surety same as individual's.

23-63-1004. Estoppel to deny corporate power to be surety.

Subchapter 11

— Business Transacted with  Producer Controlled Property and Casualty  Insurer Act

23-63-1101. Title.

23-63-1102. Definitions.

23-63-1103. Date of required compliance.

23-63-1104. Applicability.

23-63-1105. Minimum standards.

23-63-1106. Disclosure.

23-63-1107. Penalties.

Subchapter 12

— Annual Reports by Property and Casualty Insurers

23-63-1201. Regulations.

23-63-1202. Contents of report.

23-63-1203. Due date.

23-63-1204. Compilation and review — Publication.

23-63-1205. Failure to comply with content requirement.

Subchapter 13

— Risk-Based Capital

23-63-1301. Title.

23-63-1302. Definitions.

23-63-1303. RBC Reports.

23-63-1304. Company Action Level Event.

23-63-1305. Regulatory Action Level Event.

23-63-1306. Authorized Control Level Event.

23-63-1307. Mandatory Control Level Event.

23-63-1308. Hearings.

23-63-1309. Confidentiality — Prohibition on announcements, prohibition on use in ratemaking.

23-63-1310. Supplemental provisions — Rules — Exemption.

23-63-1311. Foreign insurers.

23-63-1312. Immunity.

23-63-1313. Rules and regulations.

23-63-1314. Penalties and liabilities.

23-63-1315. Severability clause.

23-63-1316. Notices.

Subchapter 14

— Disclosure of Material Transactions

23-63-1401. Short title.

23-63-1402. Report.

23-63-1403. Acquisitions and dispositions of assets.

23-63-1404. Nonrenewals, cancellations or revisions of ceded reinsurance agreements.

23-63-1405. Rules and regulations.

23-63-1406. Penalties and liabilities.

Subchapter 15

— Risk-Based Capital Requirements for Health Maintenance Organizations

23-63-1501. Definitions.

23-63-1502. RBC reports.

23-63-1503. Company action level event.

23-63-1504. Regulatory action level event.

23-63-1505. Authorized control level event.

23-63-1506. Mandatory control level event.

23-63-1507. Hearings.

23-63-1508. Confidentiality and prohibition on announcements — Prohibition on use in ratemaking.

23-63-1509. Supplemental provisions — Rules — Exemption.

23-63-1510. Foreign health organizations.

23-63-1511. Immunity.

23-63-1512. Notices.

Subchapter 16

— Licensing and Regulation of Captive Insurers

23-63-1601. Definitions.

23-63-1602. Application for license.

23-63-1603. Similar names.

23-63-1604. Capital requirements.

23-63-1605. Surplus requirements.

23-63-1606. Organization.

23-63-1607. Reporting.

23-63-1608. Examinations.

23-63-1609. Suspension and revocation.

23-63-1610. Investments.

23-63-1611. Reinsurance.

23-63-1612. Rating organizations.

23-63-1613. Pools, plans, associations, and guaranty or insolvency funds.

23-63-1614. Premium tax.

23-63-1615. Regulations.

23-63-1616. Limitations.

23-63-1617. Reorganizations, receiverships, and injunctions.

23-63-1618. Availability of funds.

23-63-1619. Conversions and mergers.

23-63-1620. Sponsorship requirements.

23-63-1621. Participants.

23-63-1623. Certificate of authority.

Subchapter 17

— Protected Cell Company Act

23-63-1701. Short title.

23-63-1702. Purpose.

23-63-1703. Definitions.

23-63-1704. Establishment of protected cells.

23-63-1705. Use and operation of protected cells.

23-63-1706. Reach of creditors and other claimants.

23-63-1707. Conservation, rehabilitation, or liquidation of protected cell companies.

23-63-1708. No transaction of an insurance business.

23-63-1709. Authority to adopt regulations.

Subchapter 18

— Audits of Medical Providers

23-63-1801. Definitions.

23-63-1802. Time for recoupment.

23-63-1803. Persons not covered.

23-63-1804. Recoupments — Required disclosures.

23-63-1805. Penalties.

23-63-1806. Rules and regulations.

23-63-1807. No waiver of provisions.