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Arkansas insurance laws

Insurance regulations, rate filing requirements, department info, and recent bulletins for Arkansas. Updated Mar 31, 2026.

Department of Insurance

DepartmentArkansas Insurance Department
CommissionerJimmy Harris
Rate Filing SystemFile & Use
Regulatory CodeArk. Code Ann. Title 23, Subtitle 3 §§ 23-60-101 to 23-103-417
Overview

Arkansas operates under a File & Use rate filing system for most property and casualty insurance products, though personal lines forms require prior approval. The Arkansas Insurance Department is a division of the Department of Commerce, with specialized divisions handling product compliance, rate review, consumer services, and solvency regulation. Arkansas has been active in recent years with healthcare reform legislation, particularly around pharmacy benefit managers, prior authorization, and primary care payment improvements.

Auto Insurance

Min Pd$25,000
Pip Min$5,000
StatuteArk. Code Ann. §§ 27-19-601 to 27-19-721 (Safety Responsibility); §§ 23-89-201 to 23-89-217 (Automobile Liability Insurance)
Fault SystemTort (At-fault)
Min Bi Per Person$25,000
Uninsured Penalty$500-$1,000 fine, up to 1 year jail, license suspension
Min Bi Per Accident$50,000
Sr22 Duration Years3
Noncompliance PenaltyInsurers face fines, license suspension or revocation, and cease and desist orders for violations of insurance laws per Ark. Code § 23-66-206
Rate Filing RequirementFile & Use with 60-day advance filing requirement per Ark. Code § 23-67-211
Avg Full Coverage Premium$2,388

Notable Laws

  • Ark. Code § 27-19-605: Minimum liability coverage of $25,000/$50,000/$25,000
  • Ark. Code § 23-89-403: Mandatory uninsured motorist coverage (may be rejected in writing)
  • Ark. Code § 23-89-209: Underinsured motorist coverage must be offered (may be rejected in writing)
  • Ark. Code § 23-89-202: Required first-party medical and income disability benefits ($5,000 medical coverage per person)
  • Ark. Code § 23-89-304: Minimum 10 days notice for cancellation due to nonpayment, 20 days for other reasons

Homeowners Insurance

StatuteArk. Code Ann. §§ 23-89-301 to 23-89-308 (Cancellation and Nonrenewal)
Wind PoolArkansas Rural Risk Underwriting Association provides wind coverage for rural areas; no separate statewide wind pool
Fair Plan NameArkansas Rural Risk Underwriting Association (ARRUA)
Noncompliance PenaltyInsurers face cease and desist orders, fines up to $10,000 per violation, and license suspension for improper cancellation or nonrenewal
Rate Filing RequirementFile & Use with 60-day advance filing requirement per Ark. Code § 23-67-211; personal lines forms require prior approval

Notable Laws

  • Ark. Code § 23-89-304: 20 days notice for cancellation (10 days for nonpayment)
  • Ark. Code § 23-89-303: 30 days notice for nonrenewal of property insurance
  • Ark. Code § 23-67-405: Credit information may be used for underwriting with limitations
  • Ark. Code § 23-88-303: Arkansas Rural Risk Underwriting Association for rural property insurance
  • Act 427 of 2025: Strengthen Arkansas Homes Act for property protection

Recent Bulletins

Gold Card appeals under Act 511 of 2025

#4-20262026-03-01

Provides guidance on appeals process for Gold Card exemptions from prior authorization requirements under Act 511 of 2025

View bulletin

Pharmacy Network Adequacy Reporting

#2-20262026-02-01

Requires insurers to report on pharmacy network adequacy to ensure consumer access to prescription medications

View bulletin

Submission of Primary Care and Medical Spending Data Pursuant to Act 483 of 2025

#1-20262026-01-15

Mandates commercial healthcare insurance carriers to submit primary care and medical spending data using approved templates

View bulletin

Arkansas Healthcare Transparency Initiative: Revised Data Submission Guidelines

#16-20252025-12-01

Updates data submission guidelines for healthcare transparency reporting requirements

View bulletin

Short-Term, Limited Duration Insurance Plans

#14-20252025-11-01

Clarifies Arkansas definition and regulations for short-term, limited duration health insurance plans

View bulletin

Recent Law Changes

HB13012025Health Insurance

Act 511 - Arkansas Gold Carding Law Amendment

Updates the state's gold carding law regarding prior authorization exemptions for healthcare providers who meet quality metrics

Healthcare providers with strong track records gain exemption from prior authorization requirements, reducing administrative burden

Effective: 2025-08-05

SB2642025Health Insurance

Act 483 - Arkansas Primary Care Payment Improvement Working Group

Establishes a working group to improve primary care payment structures and requires commercial healthcare insurers to submit primary care spending data

Commercial health insurers must report primary care spending data to improve transparency and payment methodologies

Effective: 2025-08-05

HB11502025Health Insurance

Act 624 - Pharmacy Benefit Manager Permit Restrictions

Prohibits pharmacy benefits managers from holding direct or indirect interests in retail pharmacy permits

PBMs face new ownership restrictions to prevent conflicts of interest in pharmacy operations

Effective: 2025-08-05

HB15952025General Insurance

Act 349 - Insurance Department General Omnibus Bill

Makes technical and substantive changes to the Arkansas Insurance Code and repeals the Comprehensive Health Insurance Pool Act

Modernizes Arkansas insurance regulations and eliminates outdated high-risk pool provisions

Effective: 2025-08-05

SB2372025Commercial Insurance

Act 554 - Captive Insurance Amendments

Amends laws regarding captive insurers, allowing for provisional licenses, changing capital and surplus requirements, and updating domestication procedures

Captive insurance companies benefit from streamlined licensing and updated regulatory requirements

Effective: 2025-08-05

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