AR Insurance Bulletin 1-2021

Filing of Property and Casualty Insurance Policies

Year: 2021Length: 210 wordsOfficial source
Michael Preston SECRETARY OF COMMERCE AID * * March 3, 2021 BULLETIN NO. 1-2021 Alan McClain INSURANCE COMMISSIONER, ARKANSAS INSURANCE DEPARTMENT TO: ALL LICENSED PROPERTY AND CASUALTY INSURERS, INSURER TRADE ASSOCIATIONS, THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS, AND OTHER INTERESTED PARTIES FROM: ARKANSAS INSURANCE DEPARTMENT SUBJECT: FILING OF PROPERTY AND CASUALTY INSURANCE POLICIES The Arkansas Insurance Department ("Department") requires insurance companies to pay a fee of fifty dollars ($50.00) per filing for all property and casualty submissions. In order to improve operational efficiency and prevent the need to assess a per form fee structure for property and casualty filings, the Department offers the following guidance. When an insurer submits any amendments or changes to policies or endorsements previously approved by the Department, please submit a red-lined version of the previously approved language and a memorandum or summary clearly identifying the changes as supporting documentation. When an insurer submits revisions to a rule manual previously filed with the Department, a red- lined version of the currently filed rules and a memorandum or summary clearly identifying the amendments should be included. a. 3- 3 - 021 ALAN McCLAIN DATE INSURANCE COMMISSIONER STATE OF ARKANSAS Arkansas Department of Commerce Arkansas Insurance Department 1 Commerce Way, Suite 102 • Little Rock, AR 72202 INSURANCE.ARKANSAS.GOV
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