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Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-63-1509. Supplemental provisions--Rules--Exemption

Current as of March 28, 2024 | Updated by Findlaw Staff

(a) The provisions of this subchapter are supplemental to the other provisions of the laws of this state and shall not preclude or limit any other powers or duties of the Insurance Commissioner under those laws.

(b) The commissioner may adopt reasonable rules necessary for the implementation of this subchapter.

(c) The commissioner may exempt from the application of this subchapter:

(1) A domestic health organization that:

(A) Writes direct business only in this state;

(B) Assumes no reinsurance in excess of five percent (5%) of direct premium written; and

(C) Writes direct annual premiums for comprehensive medical business of two million dollars ($2,000,000) or less; or

(2) A domestic health organization that is a limited benefit health maintenance organization.

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Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-63-1509. Supplemental provisions--Rules--Exemption - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-63-1509/

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