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054.00.52-14. RECORD KEEPING; ANNUAL STATEMENTS.

AR ADC 054.00.52-14Arkansas Administrative Code

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 52. Minimum Standards for Minimum Basic Benefit Disability Insurance
Ark. Admin. Code 054.00.52-14
054.00.52-14. RECORD KEEPING; ANNUAL STATEMENTS.
Currentness
Each insurer issuing a minimum basic insurance policy in this state shall maintain a separate annual record of information as to its business in minimum basic insurance policies the form for which shall be provided by the Commissioner. Such record shall contain the following information:
1. Total number of minimum basic benefit policy insureds listed by type of insured as follows:
(a) Number of qualified individuals
(b) Number of qualified groups;
(c) Number of qualified trusts;
2. Number of policy options sold, listed by type of option offered;
3. Amount of premium written;
4. Total amount of claims incurred; and
5. Total amount of claims paid.
Such record shall be attested by the president of the insurer and submitted to this Department annually by March 1 for the preceding year ending December 31 as an exhibit to the insurer's annual statement.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.52-14, AR ADC 054.00.52-14
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