State Of Arkansas

 

SCHEDULE OF COMPANY FEES, TAXES, AND DEPOSITS

 

Property & Casualty Companies

 

Section I – Fees

            Admission Fees                                                     

Certificate of Authority Application fee        (due at time of application)              $1000.00

            Certificate of Authority issuance fee             (due before issuance of                       300.00

                                                                   Certificate of Authority)                

 

            Annual Fees     (To be paid with Premium Tax- See Section II)

                        Certificate of Authority Renewal                                                                        $ 100.00

                        Annual Statement Filing Fee                                                                                   50.00

                        Penalty for late filing (per day)                                                                              100.00

                       

                        Company Financial Regulation Fee (CFRF) – See Filing instructions and forms

                        Under Accounting Division on Department Web Page.

 

Other Fees

            Filing of Articles of Incorporation                (due with amended document)        $ 100.00

            Filing of Bylaws                                          (due with amended document)              25.00

            Name Change                                            (due at time of request)                       500.00

            Redomestication                                         (due at time of request)                       500.00

            Addition/Deletion of Line of Business          (due at time of request)                       500.00

            Certificate of Deposit                                  (due at time of request)                         10.00

            Certificate of Compliance                            (due at time of request)                         20.00

                        Certificate of Valuation                               (due at time of request)                         10.00

                        Service of Process                                      (due at time of submission)        25.00

 

 

 

 

 

State Of Arkansas

 

SCHEDULE OF COMPANY FEES, TAXES, AND DEPOSITS

 

Property & Casualty Companies

                                                                          (Continued)

 

 

Section II – Taxes & Fees:

 

Download forms and filing instructions from the Accounting Division- Premium Taxes

Section of the Arkansas Insurance Department Web Page.

 

 

 

                                                                                         

            Section III - Deposits

                        SECURITY DEPOSIT

 

A foreign insurer must make and thereafter continuously maintain on deposit in this state or your state of domicile, securities eligible for deposit of a fair market value of not less than $100,000 for the benefit of all its policyholders and creditors.

 

Kind or Kinds

of Insurance                                                                                       Minimum Deposit  *

 

Accident & Health………………………………………………………….   $100,000

Property……………………………………………………………………   $100,000

Casualty……………………………………………………………………   $100,000

Surety………………………………………………………………………  $100,000 ***

Marine……………………………………………………………………… $100,000

Title…………………………………………………………………………  $100,000

Property, Casualty & Marine……………………………………………….   $100,000

 

*          Additional deposits may be required for admission based upon the results of the review process for the company.

 

*** The amount for a company applying for surety in conjunction with property or casualty is reduced to $50,000.