23 CAR § 36-103. Requirements for doing business

(a)(1) Service contracts shall not be issued, sold, or offered for sale in this state unless the provider or its designee has complied with the requirements of Arkansas Code § 4-114-104(b). (2) Each provider of service contracts sold in this state shall file a registration with the Insurance Commissioner annually on or before October 1 of each year using the form attached to this part or a substantially similar form. (3) Each provider shall pay to the commissioner a fee in the amount of two hundred dollars ($200) upon initial registration and every year thereafter. (4) The registration shall be updated by written notification to the commissioner if material changes occur in the registration. (5) In addition to the registration, each provider of service contracts sold in this state must also submit a certificate of compliance using the form attached to this part or a substantially similar form. (b) In order to ensure the faithful performance of a provider’s obligations to its contract holders, each provider shall comply with the financial requirements of Arkansas Code § 4-114-104(d).