Arkansas Insurance Department Rules on Property and Casualty Insurance

What this document is

Arkansas Insurance Department Rules on Property and Casualty Insurance - 23 CAR Title 23, Chapter I, Subchapter C, pts. 200-205 (complete subchapter) is a regulation published by Arkansas Secretary of State / Arkansas Department of Commerce, State Insurance Department - Code of Arkansas Rules. It is one of the Arkansas documents that insurance license exam questions are written from, including arkansas property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• 23 CAR pt. 201 § 201-104(b) (Endorsement of contract)

  “In addition, the contract shall contain a conspicuous statement substantially similar to the following: This contract is registered and delivered as a surplus line coverage under the Surplus Lines Insurance Law, and it may in some respects be different from contracts issued by insurers in the...”

• 23 CAR pt. 203 § 203-102(8) (Definitions)

  “(8) "Workers' compensation insurance" means: (A) Statutory workers' compensation and occupational disease liability insurance including insurance for liability under the Longshore and Harbor Workers' Compensation Act, 33 U.S.C. § 901 et seq., as amended, and the Federal Coal Mine Health and Safety...”

• 23 CAR pt. 200 Sec. 200-103(5) and (6) (Definitions)

  “(5) “Prospective loss costs” means that portion of a rate that does not include provisions for expenses, other than loss adjustment expenses, or profit, and are based on historical aggregate losses and loss adjustment expenses adjusted through development to their ultimate value and projected...”

• 23 CAR pt. 201 Sec. 201-103(f) (Affidavits)

  “(f)(1) In accordance with Arkansas Code § 23-65-305, if a portion of the property or risk can be written in an admitted insurer, it must be written in that insurer. (2) The amount of insurance placed in an approved surplus line insurer can only be the balance remaining from the amount procurable from admitted insurers.”

• 23 CAR pt. 200 § 200-103(1) (Definitions)

  “(1) “Expenses” means those parts of a rate attributable to: (A) Acquisition; (B) Commissions; (C) Selling; (D) Inspection; (E) Audit; (F) Field supervision; (G) Collection; (H) General expenses; (I) Taxes; (J) Licenses; and (K) Fees;”

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More Arkansas sources

• Ark. Code Ann. Title 11, Chapter 9 - Workers' Compensation: subchapters 1, 4, 5, 6 and 8 (76 sections, 11-9-101 to -118, -401 to -412, -501 to -530, -601 to -603, -801 to -813)State statute
• Ark. Code Ann. 16-64-122 - Comparative faultState statute
• Ark. Code Ann. Title 23, Subtitle 3, Chapter 102 - Arkansas Earthquake Authority Act (complete chapter, 19 sections, 23-102-101 to 23-102-119)State statute
• Ark. Code Ann. Title 23, Subtitle 3, Chapter 62, Subchapter 1 - Kinds of Insurance: statutory definitions (12 sections, 23-62-101 to 23-62-112)State statute
• Ark. Code Ann. Title 23, Subtitle 3, Chapter 66 - Trade Practices (complete chapter, subchs. 2-8, 81 sections, 23-66-201 to 23-66-811)State statute
• Ark. Code Ann. Title 23, Subtitle 3, Chapter 79, Subchapter 1 - Insurance Policies Generally, General Provisions (71 sections, 23-79-101 to 23-79-171)State statute
• Ark. Code Ann. Title 23, Subtitle 3, Chapter 88 - Property Insurance (complete chapter, 46 sections, 23-88-101 to 23-88-610)State statute
• Ark. Code Ann. Title 23, Subtitle 3, Chapter 89 - Casualty Insurance (complete chapter, 50 sections, 23-89-101 to 23-89-518)State statute