Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-62-308. Rules

(A) A life insurance policy with guaranteed nonlevel gross premiums or guaranteed nonlevel benefits;

(B) A universal life insurance policy with provisions resulting in the ability of a policyholder to keep a policy in force over a secondary guarantee period;

(C) A variable annuity with guaranteed death or living benefits;

(D) A long-term care insurance policy; or

(E) A life or health insurance or annuity product for which the National Association of Insurance Commissioners adopts model regulatory requirements with respect to credit for reinsurance;

(A) A policy issued on or after January 1, 2015; or

(B) A policy issued before January 1, 2015, if risk pertaining to the policy is ceded in connection with the treaty on or after January 1, 2015; and

(A) Meets the conditions in § 23-62-305(f);

(B) Is certified in this state; or

(C) Maintains at least two hundred fifty million dollars ($250,000,000) in capital and surplus as determined according to the National Association of Insurance Commissioners Accounting Practices and Procedures Manual, as it existed on January 1, 2021, and as adopted by the Insurance Commissioner by rule, excluding the impact of any permitted or prescribed practice; and

(A) Twenty-six (26) states; or

(B) Ten (10) states, and licensed or accredited in a total of thirty-five (35) states.