(a) This subchapter is supplemental to other laws of this state and does not preclude or limit other powers or duties of the Insurance Commissioner under those laws, including without limitation § 23-68-101 et seq.
(b) The commissioner may adopt reasonable rules necessary for the implementation of this subchapter.
(c) The commissioner may exempt a domestic insurer licensed to do business in this state from this subchapter if the domestic insurer:
(1) Writes direct business only in this state;
(2) Writes direct annual premiums of two million dollars ($2,000,000) or less; and
(3) Assumes no reinsurance more than five percent (5%) of direct premium written.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 63 - Insurance Companies Generally
Subchapter 13 - Risk-Based Capital Act
§ 23-63-1304. Company action level event — Definition
§ 23-63-1305. Regulatory action level event
§ 23-63-1306. Authorized control level event
§ 23-63-1307. Mandatory control level event — Definition
§ 23-63-1309. Confidentiality — Prohibition on announcements — Prohibition on use in ratemaking
§ 23-63-1310. Supplemental provisions — Rules — Exemption
§ 23-63-1311. Foreign insurers
§ 23-63-1313. Authority of commissioner to adopt rules