Publication of NAIC Accounting Practices and Procedures Manual ("APPM") as of March, 2025

Hugh McDonald SECRETARY OF COMMERCE AID * 1,74„:"` * January 28, 2025 BULLETIN NO. 1-2025 Alan McClain INSURANCE COMMISSIONER, ARKANSAS INSURANCE DEPARTMENT TO: ALL LICENSED DOMESTIC INSURERS, DOMESTIC HEALTH MAINTENANCE ORGANIZATIONS (HMOs), DOMESTIC HOSPITAL AND MEDICAL SERVICE CORPORATIONS, DOMESTIC TITLE INSURERS, AND OTHER DOMESTIC INSURING ENTITIES REPORTING TO THE INSURANCE COMMISSIONER, INSURER TRADE ASSOCIATIONS, NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS, AND OTHER INTERESTED PARTIES FROM: ARKANSAS INSURANCE DEPARTMENT SUBJECT: NOTIFICATION PURSUANT TO ARK. CODE ANN. § 23-63-613 OF PUBLICATION OF NAIC ACCOUNTING PRACTICES AND PROCEDURES MANUAL ("APPM") AS OF MARCH, 2025 The Arkansas Insurance Department is sending you this Bulletin as notification of the Commissioner's intent to adopt the amendments, revisions, or modifications to the ACCOUNTING PRACTICES AND PROCEDURES MANUAL AS OF MARCH, 2024, published by the National Association of Insurance Commissioners ("NAIC"). This notice is required by Ark. Code Ann. § 23-63-613 to allow the Commissioner to specify that domestic insurers and other domestic reporting entities shall use the most recent 2023 edition of the APPM, no sooner than eight (8) months after distribution of the required statutory notice. Therefore, please be advised that the effective date for the prescribed use of the ACCOUNTING PRACTICES AND PROCEDURES MANUAL AS OF MARCH, 2025 for Arkansas domestic reporting entities shall be for the Annual Statement as of December 31, 2025, to be filed with this Department on or before March 1, 2026. You may place your orders with the NAIC Insurance Products and Services Division by contacting that Division at (816) 783-8300, www.naic.org/store home.htm or e-mail at prodserv@naic.org. This Bulletin replaces all previous Bulletins annually published regarding use of the Accounting Practices and Procedures Manual. Questions concerning this Bulletin should be directed to Mel A. Anderson, Deputy Commissioner - Finance Division, at (501) 371-2665 or via e-mail to mel.anderson@arkansas.gov. ALAN McCLAIN INSURANCE COMMISSIONER STATE OF ARKANSAS d• 5 DATE Arkansas Department of Commerce Arkansas Insurance Department 1 Commerce Way, Suite 102 • Little Rock, AR 72202 INSURANCE.ARKANSAS.GOV