Kerr approves 3rd new company of 2018, 68th of tenure
LITTLE ROCK – Arkansas Insurance Commissioner Allen Kerr today released the following statement announcing that he has granted a Certificate of Authority to a Wisconsin-based insurer of church property to do business in Arkansas:
“Every new company in Arkansas means more jobs for agents and new opportunities to show how our state is open for business. I am proud to welcome CM Select to Arkansas to provide much needed insurance products for church buildings and religious institutions.”
Kerr granted authority to CM Select Insurance Company of Merrill, Wisconsin, to offer property, casualty (excluding workers compensation), and marine authority in Arkansas. CM Select, a newly-formed insurance subsidiary, is a wholly-owned subsidiary of Church Mutual Insurance Company (CMIC). CMIC was incorporated in Wisconsin in 1897 while CM Select was later incorporated in 2017. CMIC is a leading insurer of churches and religious institutions in the US providing property and casualty coverages to over 90,000 religious institutions. The company is neither affiliated with nor sponsored by any religious denominations. CM Select will offer a business owners product that includes coverages and endorsements supporting commercial lines business for small to mid-sized religious institutions. CMIC maintains an A.M.Best rating of A (Excellent) and is licensed in all 50 states.
This is the third new company Kerr has approved in 2018. Since becoming Commissioner in 2015, he has welcomed 68 new companies to Arkansas.
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