Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-88-302. Definitions

(A) Writes any kind of insurance to which this subchapter applies under § 23-88-303, including the exchange of reciprocal or interinsurance contracts; and

(B) Is licensed to transact insurance in this state;

(4)(A) “Net direct written premiums” means the gross amount of premiums received from policies of insurance issued in this state to which this subchapter applies, less return premiums and dividends paid or credited to policyholders.

(B) “Net direct written premiums” does not include premiums for indemnity reinsurance accepted from other licensed insurers, and there shall be no deduction for premiums for indemnity reinsurance ceded to other insurers; and