Association Requirements:
Before issuing a group
accident and health insurance policy to
an association, the association or its insurer on behalf of the
association, must file with the Department proof that the association
is a qualified group under Arkansas Code Annotated §
23-86-106(2)(A)(i)(ii)(iii). Approval of the association as a qualified
group for insurance purposes will be determined upon receipt of the
following information:
- Name and address of the
association.
- Is this association
incorporated? If so, give state of incorporation.
- Is there a current office
in Arkansas?
- Does the Arkansas part of
the organization have any officers, committees, or chapters? If so,
give details.
- Are annual dues charged?
If so, specify amount.
- What are the specific
activities of the association?
- What benefits are provided
to the members in addition to
insurance? ATTACH BROCHURES ON THE ASSOCIATION WHICH OUTLINES THE
ADDITIONAL BENEFITS.
- What qualifies an
individual for membership?
- How are members recruited?
If by mailing list, advise the source of this list.
- Attach a copy of the
association's Articles of Incorporation and By Laws.
- Enclose a list of dues
paying members residing in Arkansas
with full addresses. If the association considers this privileged
information, we will treat it as such and once it has served our
purpose, it will be destroyed.
- Please attach a copy of
the associations most recent financial statement.
- Does the association
receive any compensation of any kind from the insurer issuing contracts
to its members?
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