(a) A captive insurance company may provide reinsurance under the Arkansas Insurance Code, on risks ceded by any other insurer.
(b) A captive insurance company may take credit for reserves on risks or portions of risks ceded to reinsurers that are:
(1) Complying with § 23-62-305(a)-(f); or
(2) Not complying with § 23-62-305(a)-(f) upon approval of the captive insurance company's business plan by the Insurance Commissioner.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 63 - Insurance Companies Generally
Subchapter 16 - Licensing and Regulation of Captive Insurers
§ 23-63-1602. Application for license
§ 23-63-1604. Capital requirements
§ 23-63-1605. Surplus requirements
§ 23-63-1609. Suspension and revocation
§ 23-63-1612. Rating organizations
§ 23-63-1613. Pools, plans, associations, and guaranty or insolvency funds
§ 23-63-1614. Premium tax — Definition
§ 23-63-1617. Reorganizations, receiverships, and injunctions
§ 23-63-1618. Availability of funds
§ 23-63-1620. Sponsored captive insurance company — Requirements
§ 23-63-1622. Producer reinsurance protected cell requirements
§ 23-63-1623. Certificate of authority
§ 23-63-1624. Dormant captive insurance company — Definition