(a) The Insurance Commissioner may adopt reasonable rules for use by companies to record and report to the commissioner rates and other information determined by the commissioner to be necessary or appropriate for the administration of this chapter and for the effectuation of its purposes.
(b)
(1) The commissioner may designate an advisory organization to assist the commissioner in gathering, compiling, and reporting the information.
(2) An insurer is not required to record or report its experience on a classification basis inconsistent with its own rating system.
(3) The commissioner may request a review of fire protection standards previously approved if filed by an advisory organization.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 67 - Rates and Rating Organizations
Subchapter 2 - Regulation of Insurance Rates
§ 23-67-204. Payment of dividends
§ 23-67-207. Noncompetitive market
§ 23-67-211. Filing of rates and other rating information
§ 23-67-212. Procedural requirements
§ 23-67-213. Disapproval of rates
§ 23-67-214. Licensing of advisory organizations
§ 23-67-215. Insurers and advisory organizations — Prohibited activities
§ 23-67-216. Advisory organizations — Permitted activities
§ 23-67-217. Advisory organizations — Filings
§ 23-67-218. Records and reports
§ 23-67-219. Workers' compensation and employers' liability insurance