Arkansas § 23-65-320 Domestic surplus lines insurers

Arkansas Statutes

§ 23-65-320 — Domestic surplus lines insurers

Arkansas § 23-65-320

Title23

This text of Arkansas § 23-65-320 (Domestic surplus lines insurers) 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. § 23-65-320 (2026).

Text

(a)A domestic insurer possessing policyholder surplus of at least twenty million dollars ($20,000,000) may be:

(1)Designated as a domestic surplus lines insurer with the written approval of the Insurance Commissioner; and (2) Allowed to write surplus lines insurance in any jurisdiction in which it is eligible.

(b)A domestic surplus lines insurer is:

(1)Deemed a nonadmitted surplus lines insurer in the State of Arkansas; and (2) Deemed a nonadmitted surplus lines insurer under the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. No. 111-203.

(c)A domestic surplus lines insurer is not subject to:

(1)The Arkansas Property and Casualty Insurance Guaranty Act, § 23-90-101 et seq.; or (2) The Arkansas Life and Health Insurance Guaranty Association Act, § 23-96-101 et seq.

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(a) A domestic insurer possessing policyholder surplus of at least twenty million dollars ($20,000,000) may be: (1) Designated as a domestic surplus lines insurer with the written approval of the Insurance Commissioner; and (2) Allowed to write surplus lines insurance in any jurisdiction in which it is eligible. (b) A domestic surplus lines insurer is: (1) Deemed a nonadmitted surplus lines insurer in the State of Arkansas; and (2) Deemed a nonadmitted surplus lines insurer under the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. No. 111-203. (c) A domestic surplus lines insurer is not subject to: (1) The Arkansas Property and Casualty Insurance Guaranty Act, § 23-90-101 et seq.; or (2) The Arkansas Life and Health Insurance Guaranty Association Act, § 23-96-101 et seq. (d) A surplus lines broker that obtains surplus lines insurance from a domestic surplus lines insurer shall comply with § 23-65-315 . (e) Unless specifically exempt, the insurance laws of this state regarding financial and solvency requirements apply to a domestic surplus lines insurer.