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Filing FRCS 125601792 Insurance Arkansas Form
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People also ask
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How do I report an insurance company in Arkansas?
The Consumer Complaint Form can be filled out online. The Arkansas Department of Insurance can be signNowed by phone at the following numbers: (800) 282-9134, or. (501) 371-2600. -
Who is the primary regulator of the insurance industry?
Insurance is regulated by the states. This system of regulation stems from the McCarran-Ferguson Act of 1945, which describes state regulation and taxation of the industry as being in “the public interest” and clearly gives it preeminence over federal law. Each state has its own set of statutes and rules. -
Who oversees insurance companies in Arkansas?
The Arkansas Commissioner of Insurance is a state executive position in the Arkansas state government. The commissioner oversees the Arkansas Department of Insurance, which licenses and regulates insurance providers in the state. -
What certification must an insurer receive before it can transact insurance in Arkansas?
(a) No person shall act as an insurer and no insurer shall transact insurance in this state unless authorized by a subsisting certificate of authority issued to it by the Insurance Commissioner except as to such transactions as are expressly otherwise provided for in the Arkansas Insurance Code. -
What happens if you don't pay franchise tax Arkansas?
Arkansas state law requires all corporations, LLCs, banks, and insurance companies registered in Arkansas to pay an annual franchise tax. Failure to pay can result in the imposition of additional fees, penalties and interest, or even revocation of the authorization to do business. -
Who regulates insurance companies in Arkansas?
The primary mission of the State Insurance Department shall be consumer protection through insurer solvency and market conduct regulation, and fraud prosecution and deterrence. -
Who has the authority to regulate the insurance?
CDI enforces the insurance laws of California and has authority over how insurers and licensees conduct business in California. -
Do you have to file an annual report for an LLC in Arkansas?
A.C.A. § 26-54-101 et al., also known as the “Arkansas Corporate Franchise Tax Act of 1979”, requires all Corporations, LLC's, Banks, and Insurance Companies registered in Arkansas to pay an annual franchise tax.
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