The purpose of this Rule and Regulation is to implement and clarify the pertinent fee provisions of Act 652 of 1993, “The State Insurance Department Trust Fund Act” [codified at Ark. Code Ann. §§ 23-61-701 et seq.]; Act 901 of 1993, the Department's “Omnibus Act”; Act 787 of 1993, the “Life Care Providers Act” [codified at Ark. Code Ann. §§ 23-93-201 et seq.] and others. This Rule is designed to specify the amount, method and manner of payment of nonrefundable administrative and regulatory fees of insurers, agents and other licensees or registrants, as well as other filing fees for various Arkansas Insurance Department (“Department”) products and services, all of which are payable to “The State Insurance Department Trust Fund” (“Trust Fund”).

It is also to emphasize that fees charged under current laws are not affected, diminished or altered by the provisions of this Rule. As appropriate, and to the extent fees are charged under other Arkansas laws for the same product, process or service as to which a fee is to be paid pursuant to the Acts referenced herein and this Rule and Regulation, this Rule is to provide for the payment of all of such fees in a coordinated, consistent manner.