AR Insurance Bulletin 15-2023

ARRUA - ASSESSMENT BY ARKANSAS RURAL RISK UNDERWRITING ASSOCIATION

Year: 2023Length: 375 wordsOfficial source
Arkansas Insurance Department ONCE Asa Hutchinson Governor BULLETIN NO.: 15-2023 TO: FROM: SUBJECT: 7 OF Al s Alan McClain Commissioner ALL LICENSED PROPERTY INSURERS, FARMERS MUTUAL AID COMPANIES AND ASSOCIATIONS, NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS, TRADE ASSOCIATIONS, AND OTHER INTERESTED PARTIES ARKANSAS INSURANCE DEPARTMENT ASSESSMENT BY ARKANSAS RURAL RISK UNDERWRITING ASSOCIATION Arkansas Code Annotated § 23-88-306(a)(3)(A) provides that, "The governing board shall be empowered to make assessments as may be necessary to provide funds needed to make payment of all loss claims and expenses of the association." Arkansas Code Annotated § 23-88-306(d) further provides that members of the Arkansas Rural Risk Underwriting Association ("ARRUA") may be assessed an amount not to exceed two hundred dollars ($200.00) annually, if needed, for expenses of mailing volunteer fire department renewal subscription notices. Pursuant to the statute cited above, the ARRUA Board has determined that an assessment is needed for the year 2023. The attached form and remittance of two hundred dollars ($200.00) per company, made payable to the "Arkansas Rural Risk Underwriting Association" must be 'mailed to ARRUA, Dept. #40153, PO Box 9668, Conway, AR 72032. The assessment is due by December 31, 2023. Questions regarding this Bulletin should be directed to Becky Harrington, Property and Casualty Compliance Officer, Arkansas Insurance Department, Compliance Division, at 501- 371-2800 or by e-mail at Becky.Harrington@arkansas.gov, or Brenna Graham, ARRUA Plan Manager, at 479-636-2872 or by e-mail at Brenna@fpmutual.com. ALAN MCCLAIN ARKANSAS INSURANCE COMMISSIONER DA E' -1-3 1 Commerce Way, Ste. 102, AR 72202-2087• (501) 371-2600 • (501) 371-2618 fax • www.insurance.arkansas.gov Information (800) 282-9134 • Consumer Services (800) 852-5494 • Seniors (800) 224-6330 • Criminal Inv. (866) 660-0888 ARKANSAS RURAL RISK UNDERWRITING ASSESSMENT ACTS 2003, No.1326 DUE BY DECEMBER 31, 2023 Mail this form to: ARRUA Dept. #40153 P.O. Box 9668 Conway, AR 72032 DATE: NAME OF COMPANY*: NAIC COMPANY CONTACT NAME: COMPANY CONTACT PHONE NUMBER: E-MAIL ADDRESS: CHECK AMOUNT OF CHECK: $200.00 FOR EACH COMPANY REPORTED ON THIS FORM- REMIT TO THE ARKANSAS RURAL RISK UNDERWRITING ASSOCIATION TO THE ATTENTION OF BRENNA GRAHAM, ARRUA PLAN MANAGER, AT THE ADDRESSABOVE) *Please note that if submission is made for a group of companies, each company and its NAIC number must be listed here: Name of Company NAIC# (Attach additional pages if required)
AR Insurance Bulletin 15-2023: ARRUA - ASSESSMENT BY ARKANSAS RURAL RISK UNDERWRITING ASSOCIATION | Justis AI