Title 23 — Public Utilities and Regulated Industries
95 chapters · 4,024 sections in this title.
Ark. Code Ann. § 23-69-504 Venue
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(a) All court proceedings brought under this subchapter shall be filed in the Pulaski County Circuit Court. (b) The court may issue any order, process, or judgment that is necessary or appropriate to carry out this subchapter. (c) This subchapter does not preclude the court from,…
Ark. Code Ann. § 23-69-505 Notice required
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(a) Except as otherwise ordered by the Pulaski County Circuit Court or the Insurance Commissioner, if notice is required to be given by the applicant under this subchapter, the applicant, within fifteen (15) days of the event triggering the requirement, shall cause transmittal of…
Ark. Code Ann. § 23-69-506 Application — Insurance business transfer plan
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(a) An applicant shall file an insurance business transfer plan with the Insurance Commissioner for his or her review and approval. (b) The insurance business transfer plan shall contain the following information or an explanation as to why the information is not included:(1) The…
Ark. Code Ann. § 23-69-507 Opinion report — Review requirements
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(a) The opinion report required under § 23-69-506(b)(14) shall provide the following:(1) A statement of the independent expert's professional qualifications, including a description of the experience that qualifies him or her as an expert suitable for the engagement;(2) A stateme…
Ark. Code Ann. § 23-69-508 Insurance business transfer plan — Review — Insurance Commissioner
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(a) (1) The Insurance Commissioner shall have sixty (60) business days from the date of receipt of a completed application for an insurance business transfer plan filed under § 23-69-506 to review the insurance business transfer plan to determine if the applicant is authorized to…
Ark. Code Ann. § 23-69-509 Insurance business transfer plan — Petition for court approval — Implementation order
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(a) (1) Within thirty (30) days after notice from the Insurance Commissioner that an applicant may proceed with filing the insurance business transfer plan with the Pulaski County Circuit Court, the applicant shall petition the court for approval of the insurance business transfe…
Ark. Code Ann. § 23-69-510 Oversight of operations
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Insurers subject to this subchapter consent to the jurisdiction of the Insurance Commissioner with regard to ongoing oversight of operations, management, and solvency relating to the transferred business, including the authority of the commissioner to conduct financial analysis a…
Ark. Code Ann. § 23-69-511 Fees — Reimbursements
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(a) At the time of filing its application with the Insurance Commissioner for review and approval of an insurance business transfer plan, an applicant shall pay a nonrefundable fee to the State Insurance Department in the amount of ten thousand dollars ($10,000). (b) In the commi…
Ark. Code Ann. § 23-69-512 Rules
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The Insurance Commissioner shall promulgate rules to implement this subchapter.