Title 23 — Public Utilities and Regulated Industries
95 chapters · 4,024 sections in this title.
Ark. Code Ann. § 23-67-415 [Repealed.]
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A.C.A. § 23-67-415Current through all legislation of the 2025 Regular Session.Arkansas Code of 1987 Annotated Official EditionCopyright © 2026 by the State of Arkansas All rights reserved
Ark. Code Ann. § 23-67-501 Applicability
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(a) The provisions of this subchapter shall be applicable to malpractice insurance as defined in § 23-62-105(a)(10) except officers’ and directors’ liability and fiduciary insurance. (b) Section 23-67-208 shall not apply to malpractice insurance.
Ark. Code Ann. § 23-67-502 Standards for rates
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(1) Rates for malpractice insurance shall not be:(1) (A) Excessive.(B) A rate is excessive if it is likely to produce a profit from an Arkansas business that is unreasonably high in relation to past and prospective loss experience or if expenses are unreasonably high in relation …
Ark. Code Ann. § 23-67-503 Rating criteria
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(a) A malpractice insurer shall consider past and prospective loss experience solely within this state. (b) (1) If insufficient experience exists within this state upon which a rate can be based, the malpractice insurer may consider experience within any other state or states tha…
Ark. Code Ann. § 23-67-504 Rate administration
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(a) (1) The Insurance Commissioner shall promulgate rules requiring each malpractice insurer to record and report its loss and expense experience and any other data, including reserves, the commissioner considers necessary to determine whether rates comply with the standards set …
Ark. Code Ann. § 23-67-505 Filing of rating information
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(a) Every malpractice insurer shall file with the Insurance Commissioner every manual of classifications, rules, and rates, every rating plan, and every modification of any manual classification, rule, or rate that it proposes to use in this state. (b) The expense provisions incl…
Ark. Code Ann. § 23-67-506 Review of filings
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(a) All malpractice rate filings shall remain on file for public inspection. (b) Whenever a malpractice insurer files a proposed overall rate increase of twenty percent (20%) or greater, it shall:(1) Publish notice of the filing for three (3) consecutive business days in a newspa…
Ark. Code Ann. § 23-67-507 Disapproval of rates
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The Insurance Commissioner shall follow the procedures set forth in § 23-67-213 when any malpractice rate filing under this subchapter is disapproved.
Ark. Code Ann. § 23-67-508 Administrative procedures
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(a) Administrative procedures exercised by the Insurance Commissioner under this subchapter shall be in accordance with §§ 23-61-303 — 23-61-306. (b) (1) Appeals from orders of the commissioner under this subchapter shall be made in accordance with § 23-61-307.(2) Any appeal unde…
Ark. Code Ann. § 23-67-509 Provisions cumulative
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This subchapter supplements existing law. Only those laws and parts of laws in direct conflict with this subchapter are repealed.
Ark. Code Ann. § 23-67-510 Effective date
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This subchapter applies to all malpractice policies issued or renewed on or after January 1, 2006.
Ark. Code Ann. § 23-67-601 Title
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This subchapter shall be known and may be cited as the “Interstate Insurance Product Regulation Compact”.
Ark. Code Ann. § 23-67-602 Adoption of compact
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The Interstate Insurance Product Regulation Compact is enacted into law and entered into with all other jurisdictions legally joining in this compact in the form substantially as follows: Interstate Insurance Product Regulation Compact Interstate Insurance Product Regulation Comp…