Arkansas § 23-63-2005 Corporate governance annual disclosure

Arkansas Statutes

§ 23-63-2005 — Corporate governance annual disclosure

Arkansas § 23-63-2005

Title23

This text of Arkansas § 23-63-2005 (Corporate governance annual disclosure) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 23-63-2005 (2026).

Text

(a)(1) The insurer or insurance group shall have discretion over the responses to the corporate governance annual disclosure inquiries or questions if the corporate governance annual disclosure contains the material information necessary to permit the Insurance Commissioner to gain an understanding of the insurer's or insurance group's corporate governance structure, policies, and practices.

(2)The commissioner may request additional information that he or she deems material and necessary to provide the commissioner with a clear understanding of the corporate governance policies, the reporting or information system, or controls implementing those policies.

(b)Notwithstanding subsection (a) of this section, the corporate governance annual disclosure shall be prepared consistent with any

Free access — add to your briefcase to read the full text and ask questions with AI

(a) (1) The insurer or insurance group shall have discretion over the responses to the corporate governance annual disclosure inquiries or questions if the corporate governance annual disclosure contains the material information necessary to permit the Insurance Commissioner to gain an understanding of the insurer's or insurance group's corporate governance structure, policies, and practices. (2) The commissioner may request additional information that he or she deems material and necessary to provide the commissioner with a clear understanding of the corporate governance policies, the reporting or information system, or controls implementing those policies. (b) Notwithstanding subsection (a) of this section, the corporate governance annual disclosure shall be prepared consistent with any rule promulgated under § 23-63-2010 . (c) Documentation and supporting information shall be maintained and made available upon examination or upon request of the commissioner.