Rescission of Obsolete Department Bulletins and Directives - 2001

ARKANSAS INSURANCE DEPARTMENT Mike Pickens, Commissioner 1200 West Third Street Little Rock, AR 72201-1904 501-371-2820 FAX 501-371-2629 November 15, 2001 BULLETIN NO. 11-2001 TO: ALL LICENSED INSURANCE COMPANIES, HOSPITAL AND MEDICAL SERVICE CORPORATIONS, HEALTH MAINTENANCE ORGANIZATIONS, FARMERS' MUTUAL AID ASSOCIATIONS, RISK RETENTION GROUPS, PURCHASING GROUPS, SURPLUS LINES BROKERS, AUTO CLUBS, AGENT AND INSURANCE COMPANY TRADE ASSOCIATIONS, FRATERNAL BENEFIT SOCIETIES, RATE SERVICE OR ADVISORY ORGANIZATIONS, AND OTHER INTERESTED PARTIES FROM: ARKANSAS INSURANCE DEPARTMENT SUBJECT: RESCISSION OF OBSOLETE DEPARTMENT BULLETINS AND DIRECTIVES - 2001 As a result of new legislation, new rules and regulations, and new or replacement bulletins, the following Department Bulletins and Directives appear to be obsolete and are being rescinded by this Department. I. Bulletins: Rescinded Effective October 15, 2001 unless stated otherwise: NUMBER TITLE ISSUE DATE 6A-79 Reinsurance Treaties — Bulletin 6-79 05-16-79 20-79 Rescission of Obsolete Arkansas Insurance Department Bulletins and Directives 10-23-79 10-85 Rescission of Obsolete Arkansas Insurance Department Bulletins and Directives 05-10-85 7-87 Rescission of Obsolete Arkansas Insurance Department Bulletins and Directives 05-28-87 9-87 1987 Legislation 05-28-87 3-88 Rule and Regulation 21, "Coordination of Benefits — Disability Insurance Policies" 05-2-88 5-88 Rule and Regulation 21, "Coordination of Benefits — Disability Insurance Policies" 6-22-88 11-89 Ark. Code Ann. §23-66-310, as amended, as to Fees Charged Insureds and Clients 07-21-89 12-89 Rescission of Obsolete Arkansas Insurance Department Bulletins and Directives 07-21-89 15-89 Insurers' Security Deposits Pursuant to Act 417 of 1989, Act 444 of 1989, and Act 772 of 1989 7-21-89 4-90 Policy Fees of Property and Casualty Agents and Brokers 04-27-90 9-90 Correction to Final Rule and Regulation 13, "Long Term Care Insurance" 08-24-90 10-90 Addendum to Rule and Regulation 27, "Minimum Standards for Medicare Supplement Policies" 08-24-90 3-91 Guaranty Fund Deposits pursuant to Act 1123 of 1991 05-31-91 16-91 Payment of. Unlawful Compensation to Lending Institutions 05-31-91 17-91 Rescission of Obsolete Arkansas Insurance Department Bulletins and Directives 10-31-91 19-91 Adoption of Rule and Regulation 51, "Life Reinsurance Agreements 10-31-91 21-91 Adoption of Rule and Regulation 1, "In Vitro Fertilization" 10-31-91 22-91 Adoption of Rule and Regulation 53, "Definitions of Standards and Commissioner's Authority for Companies Deemed to be in Hazardous Condition" 10-31-91 11-92 Adoption of Amended Rule and Regulation 52, "Minimum Standards for Minimum Basic Benefit Disability Insurance 05-11-92 17-92 New Department Procedures as to Security Deposits And Confirmations of Securities on Deposit 12-15-92 2 18-92 The Statutory Increase of Arkansas Security Deposit by Four Percent (4%) based on Arkansas Disability Premium Volume pursuant to Arkansas Code Annotated §23-63-206 12-15-92 2-93 New Certification Form Referenced in Department Bulletin 18-92, dated December 15, 1992 09-10-93 7-93 1993 Legislation: Summary 09-1-93 8-93. Rescission of Obsolete Department Rules and Regulations and Bulletins 09-10-93 10-94 Rule and Regulation 25 — Exemptions 09-28-94 5-95 Adoption of Permanent Rule and Regulation 63, "Trust Fund Release Forms for Prepaid Funeral Benefits Contracts", Effective September 1, 1995 08-24-95 6-95 Act 527, Amending Arkansas Code §§ 23-89-203 and 23-89-403 08-24-95 8-95 1995 Legislation: Summary 08-24-95 1-97 Adoption of Revised Rule and Regulation 42, "Standards To Prevent Unfair Discrimination in Reference to the Human Immunodeficiency Virus (HIV) 03-3-97 3-97 Adoption of Revised Rule and Regulation 45, "Children's Preventive Health Care Reimbursement Levels" 10-97 Risk-Based Capital 10-98 Risk-Based Capital 11-97 Adoption of Rule and Regulation 66, "Antifraud Initiative Requirements" 12-97 Adoption of Rule and Regulation 67, "Reporting Of Fraudulent Insurance Acts" 14-97 Recent Arkansas Legislation on Uninsured ("UM") And Underinsured Motorists (TIM") Coverages Under Acts 209 of 1997 and 284 of 1997 03-3-97 06-28-97 04-15-98 08-1-97 08-1-97 10-29-97 2-98 Re-adoption of Rule and Regulation 35, "Agent License For Health Maintenance Organization", Effective April 1, 1998 03-13-98 4-98 Re-Adoption of Rule and Regulation 50, "Agents Continuing Education", Effective 4-15-98 04-8-98 3 5-98 Rescission of Obsolete Department Rules and Regulations, or Bulletins and Directives 10-6-98 7-98 Rescission of Obsolete Department Bulletins and Directives 04-10-98 8-98 Adoption of Rule and. Regulation 68, "Limited Adjusters", Effective 4-15-98 04-10-98 10-98 Risk-Based Capital 04-15-98 12-98 Adoption of Rule and Regulation 70, "Diabetes Self-Management Act of 1997", Effective 5-14-98 05-18-98 18-98 Re-Adoption of Rule and Regulation 15, "Insurance Holding Company Systems with Reporting Forms And Instructions" 19-98 Adoption of Revised Rule and Regulation 49, "Life and Disability Insurance Guaranty Fund Notices" 10-6-98 10-6-98 II. Directives: Rescinded Effective October 15, 2001 unless stated otherwise: NUMBER TITLE ISSUE DATE 10-67 Life Insurance and Annuity Regulations 05-23-67 1-85 Guidelines for Use by All Insurers, Agents, and Brokers Licensed to Transact Property and Casualty Insurance Business in Arkansas with Respect to Cancellations, Nonrenewals and Discriminatory Underwriting Practices 01-7-85 Please direct your questions to the Legal Division at 501-371-2820 or Insurance.Legal@mail.state.arus Mike Pickens Pickens Insurance Commissioner State of Arkansas 4