Earthquake Coverage Market Analysis Revised Reporting Form

Michael Preston SECRETARY OF COMMERCE AID 17:4 *="" * BULLETIN NO. 2-2022 DATE: February 10, 2022 Alan McClain COMMISSIONER, ARKANSAS INSURANCE DEPARTMENT TO: ALL LICENSED PROPERTY AND CASUALTY INSURERS, FARMERS' MUTUAL AID ASSOCIATIONS, SURPLUS LINES INSURERS, NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS, AND OTHER INTERESTED PARTIES. FROM: ARKANSAS INSURANCE DEPARTMENT SUBJECT: EARTHQUAKE COVERAGE MARKET ANALYSIS REVISED REPORTING FORM Pursuant to the provisions of Arkansas Code Annotated § 23-102-107(b)(9), the Arkansas Earthquake Authority must review the status of the Arkansas Voluntary Residential Earthquake Market by providing an analysis of the number of companies writing residential earthquake coverage in the state of Arkansas. Residential earthquake coverage means homeowner, non-commercial dwelling fire, mobile home, and farm owner lines of business. The reporting form has been revised and may be found in the Property & Casualty Insurer section of the Product Compliance webpage https://insurance.arkansas.gov/pages/industry-regulation/compliance/propertycasualty-insurers/. Companies must complete the interrogatories and provide in-force exposures (dwelling and contents values provided in the policy) by county. The report must be submitted without formatting changes as an Excel spreadsheet by e-mail to Insurance.Earthquake.Analysis@arkansas.gov by April 1 each year. All questions should be directed to Becky Harrington, Compliance Officer, Property & Casualty Division, Arkansas Insurance Department, 1 Commerce Way, Little Rock, AR 72202, via e-mail to becky.harrington@arkansas.gov, or by phone at (501) 371-2810. Alan McClain, Commissioner Date Arkansas Department of Commerce Arkansas Insurance Department 1 Commerce Way, Suite 102 • Little Rock, AR 72202 INSURANCE.ARKANSAS.GOV