Arkansas Statutes
§ 23-63-1310 — Supplemental provisions - Rules - Exemption
Arkansas·Title 23
(a)This subchapter is supplemental to other laws of this state and does not preclude or limit other powers or duties of the Insurance Commissioner under those laws, including without limitation § 23-68-101 et seq.
(b)The commissioner may adopt reasonable rules necessary for the implementation of this subchapter.
(c)The commissioner may exempt a domestic insurer licensed to do business in this state from this subchapter if the domestic insurer:
(1)Writes direct business only in this state;
(2)Writes direct annual premiums of two million dollars ($2,000,000) or less; and (3) Assumes no reinsurance more than five percent (5%) of direct premium written.
Free access — add to your briefcase to read the full text and ask questions with AI
Arkansas § 23-63-1310 (Supplemental provisions - Rules - Exemption) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Act 2015, No. 1223,§ 25, eff. 7/22/2015. Acts 1995, No. 622, § 1; 1999, No. 625, § 2; 2001, No. 8, § 1; 2011, No. 760, § 4.
Nearby Sections
15
§ 23-1-101
Definitions§ 23-1-103
Compliance with Acts 1935, No. 324, and rules of commission required - Penalties for noncompliance§ 23-1-106
Penalties cumulative - Recovery of penalty not bar to further penalty or criminal prosecution§ 23-1-108
Jurisdiction and venue of actions§ 23-1-110
Actions tried without jury - Exceptions§ 23-1-111
Copies of official papers as evidence§ 23-1-115
Citizens band radio equipment