Arkansas Insurance Department

Property & Casualty Division
IMPORTANT NOTICES

 

Form APCS

 

Please be advised the Department has updated the vehicles on the Private Passenger Auto Premium Comparison Survey Form. The updated information should be utilized when making filings with the Department on and after May 16, 2012.  The APCS is to be attached to all private passenger auto filings that affect rates.  The completed APCS forms are displayed in the Department’s web site.  Any questions regarding the APCS should be directed to alexa.grissom@arkansas.gov.

 

Department Directive

 

Effective immediately SERFF filings containing multiple Types of Insurance (TOI), commonly referred to as commercial package filings (for review purposes), will no longer be accepted.  Such filings have resulted in the approval of lines that are not in compliance with the defense outside the limits requirements or applicable exemption order requirements.  Refer to Directive 3-2011 for details.

Insurance Legislation

 

Legislation enacted during the 2011 session will be available from the Arkansas State Legislature’s website.
 
Acts of interest specifically to property and casualty and title insurers are:
  • Act 145 regarding definitions for commercial general liability policies
  • Act 515 covering changes to closing protection letters
  • Act 145 regarding restrictions on transfer fee covenants
  • Act 518 regarding mold investigator licensing
  • Act 1055 regarding the Commissioner’s authority to enter into agreements concerning the allocation of surplus lines taxes
  • Act 1018 regarding insurance on portably electronics

ARRUA Assessment

 

ARRUA Annual Assessment Bulletin – Arkansas Code Annotated § 23-88-306(d), provides that members of the Arkansas Rural Risk Underwriting Association may be assessed an amount not to exceed  Two Hundred Dollars ($200.00) annually, if needed, for expenses of mailing volunteer fire department renewal subscription notices. (Arkansas Code)

AR166 REPORTS

 

AR166 reports (Ark. Code Ann. §§ 23-63-1201-1215) are due May 1, of every year for the prior years data. (Arkansas Code)

 

All reports are now filed online. The online version of the form may be found on the Department’s website. The reports are due no later than May 1st annually, unless the Commissioner has granted a time extension for good cause shown, after receiving such written requests from the insurer in advance of the May 1st annual deadline.

 

A worksheet is available to assist in collecting the information required by the online entry form.  Further information on this change in reporting preferences may be viewed at this location.

See Ark. Code Ann. §§ 23-63-1201 through 1205 for more information concerning the contents of the report. If you have questions, please email Nancy Horton or call 1-501-371-2800. (Arkansas Code)

 

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