Arkansas § 23-67-210 Rating plans

Arkansas Statutes

§ 23-67-210 — Rating plans

Arkansas § 23-67-210

Title23

This text of Arkansas § 23-67-210 (Rating plans) 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. § 23-67-210 (2026).

Text

(a)Rates may be modified to produce premiums for individual risks in accordance with filed rating plans which establish standards for measuring variations in hazards or expense provisions. Those standards may measure differences among risks that can be demonstrated to have a probable effect upon losses or expenses. The modification shall apply to all risks under the same or substantially the same circumstances or conditions.

(b)This provision does not apply to filed modification plans which may be offered to an insured, including, but not limited to, retrospective rating plans and composite rating plans.

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(a) Rates may be modified to produce premiums for individual risks in accordance with filed rating plans which establish standards for measuring variations in hazards or expense provisions. Those standards may measure differences among risks that can be demonstrated to have a probable effect upon losses or expenses. The modification shall apply to all risks under the same or substantially the same circumstances or conditions. (b) This provision does not apply to filed modification plans which may be offered to an insured, including, but not limited to, retrospective rating plans and composite rating plans.