Filing Information
Please see Property & Casualty Filing Requirements for more information.
Filing Fees
RULE 57 FILING FEES: All fees are per filing, not per company or per form. The fee is for any number of forms, any number of companies, i.e. 20 forms 2 companies is only one fee.
The correct fees are:
| Name of Fee | Cost |
|---|---|
| Form Filing (New or Corrections) | $50 |
| Rate, Loss Cost, Changes to Loss Cost Multiplier, or Independent Rate Filing | $100 |
| Loss Cost, Adopting Advisory Org Loss Cost with no change to Loss Cost Multiplier | $50 |
| Rule Adopting Advisory Org Reference or Item Filing | $50 |
| Rule – Independent Rule Filing | $50 |
Arkansas is not a retaliatory fee state for property & casualty lines of insurance.
Electronic Funds Transfers (EFT) are required and due at the time of submission of the filing through SERFF.
Arkansas allows closed filings to be reopened upon request for minor corrections, scrivener’s errors, and effective dates. Submit a “note to reviewer” or “post-submission update” through the filing.
Substantive amendments/additions to closed filings must be made in a new filing with the appropriate fee.
Additional Information Regarding Fees and Filing Requirements
- Rule 57, §5, subsection II(a)(7), Filing Corrections and §24, subsection, Scrivener’s Errors
- Rule 23, Property & Casualty Rate and Form Filings
- Ark. Code Ann. § 23-67-201 et seq. and Ark. Code Ann. § 23-79-101 et seq.
Important Notices and Data Reports
The following links are designed to provide those who file rates and forms with legal resources and product checklists.
NAIC Product Requirements Locator Database
Contains Arkansas checklist in a searchable database by product type. This database also contains the requirements from several other states so that the product filer can more efficiently file in two or more jurisdictions.
SERFF – System for Electronic Rate and Form Filing
SERFF provides improved efficiency through today’s technology to the rate and form filing process. Insurance companies are able to file forms electronically and reduce the time and cost involved in making regulatory filings.
Information on Policy Forms & Rate Filings
Rates and Forms that have been filed with the Department since July 1, 2002, can be searched using SERFF.
NAIC Uniform Product Coding Matrix
Used for describing lines of insurance when making a rate or form filing. Sometimes special situations arise that require a specific transmittal header. Those can be found attached to the bulletin which pertains to the special situation.
Information on Surplus Lines
When licensed insurers are unwilling or unable to provide needed coverage, consumers can secure coverage with an approved surplus line insurer (also know as a “non-admitted” insurer) through a licensed surplus line broker. Individuals or corporations may secure insurance coverage directly from a non-admitted insurer. This coverage is considered “self-procured.”
See Rule 24 for information regarding surplus lines coverage.
Licensed Advisory Organization
Advisory Organization or Rate Service Organization are “any entity which either has two (2) or more member insurers or is controlled either directly or indirectly by two (2) or more insurers, licensed under § 23-67-214, and which assists insurers in ratemaking-related activities such as those enumerated in § 23-67-216 or two (2) or more insurers having a common ownership or operating in this state under common management or control constitute a single insurer for the purpose of this definition.
Property and Casualty Data
Insurance data and reports relating to property and casualty lines of insurance.
Regulator Contact List by Line of Business
A complete list of all Arkansas lines of business with the analyst’s name, telephone number, fax number and email address in PDF format.
Company Search
Verify company licensure in Arkansas
Helpful Phone Numbers
Arkansas Rural Risk Underwriting Association
Arkansas Only: 1-800-272-6588
Out of State: 1-800-233-2398
Arkansas Automobile Insurance Plan
Agents Only: 1-800-413-5808
Consumers must access this plan through their insurance agent
Earthquake Market Assistance Program
Phone: 1-800-852-5494