Farmers Mutual Aid Associations

Laws concerning Farmers Mutual Aid Associations: A.C.A. § 23-73-101 thru § 23-73-123

Requirements, Fees and Assessments

Companies Financial Regulation Fee (CFRF)

Required annually, due by June 1st each year. [23 car pt 21]

AntiFraud Assessment

Insurance companies licensed in the State of Arkansas must submit an antifraud plan pursuant to the antifraud initiative requirements of [A.C.A. § 23-66-510(a)]. 23 CAR pt 26 Antifraud Initiative Requirements.

Anti-Fraud Requirement

An assessment to support the Criminal Investigation Division is collected annually. The Insurance Commissioner has established an antifraud assessment schedule pursuant to [A.C.A. § 23-100-104]. [See also, [23 car pt 4] The assessment is based upon the direct premium and/or annuity consideration written or renewed from or in the State of Arkansas during the previous calendar year. The antifraud assessment form is available online through OPTIns. [A.C.A. § 23-100-101 through 107].

Required Reports

• Arkansas Rural Risk Underwriting Assessment
• Earthquake Market analysis report, if they write earthquake (Due 4/1)

For questions or additional information, contact the Product Compliance Division at 501-371-2800.

Discontinued Forms (No longer required):

• County Fire Loss Annual Report- Last time report was required to be filed was on 6/1/2015
• Credit Scoring Report – Last time report to be filed was on 3/31/2018

Required Financial Filings

• Annual Statement Form – Revised Jan. 2012
• Securities Affidavit Form

For questions or additional information, contact the Finance Division at 501-371-2665

Department Contacts