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Filing INMX 125860643 Insurance Arkansas Form
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People also ask
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What is the grace period for car insurance in Arkansas?
The Arkansas new-car insurance grace period is 7 to 30 days in most cases. The new-car grace period is how long insured drivers are allowed to drive a newly purchased vehicle before adding it to an existing car insurance policy. -
Does Arkansas require all drivers to have automobile liability insurance?
Required Insurance Coverage in Arkansas. The state of Arkansas requires that all vehicles be covered by a minimum liability insurance policy that includes both bodily injury and property damage. The minimum requirements are: $25,000 for bodily injury, per person. -
What is the new insurance law in Arkansas?
Arkansas Driving Laws Did you know an estimated 16% of Arkansas drivers may be uninsured? A new state law went into effect Jan. 1, 2020 to curb that statistic, requiring all drivers in the State of Arkansas to carry vehicle insurance. The law applies only to motorcycles and motor vehicles. -
How long do you have to file an insurance claim in Arkansas?
How Long After An Accident Do I Have To File A Personal Injury Claim In Arkansas? In Arkansas, you have three years from the date of the accident to file a claim. An exception to that is if you are a minor. -
What happens if you don't have insurance in Arkansas?
Valid proof of insurance is required to own and operate a car in Arkansas. Not complying can result in serious penalties, including fines of $1,000 or more and possible jail time. -
What are filings in insurance?
A filing is a document that shows proof of financial responsibility. It certifies to the government that you have Liability insurance and cargo insurance coverage with at least the minimum required limits. -
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. -
What are the insurance requirements in Arkansas?
The minimum amount of Arkansas auto insurance coverage is $25,000/$50,000/$25,000. In the event of a covered accident, your limits for bodily injury are $25,000 per person, with a total maximum of $50,000 per incident. It also covers up to $25,000 for damage to another person's property.
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