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What is the rule 50 in Arkansas?

The purpose of Rule 50 is to establish requirements and standards for continuing education for natural persons licensed as insurance producers (producers) by the Arkansas Insurance Commissioner (the Commissioner).

What is the main purpose of the Arkansas Insurance Department?

The primary mission of the State Insurance Department shall be consumer protection through insurer solvency and market conduct regulation, and fraud prosecution and deterrence.

How much does title insurance cost in Arkansas?

How is Title Insurance Calculated in Arkansas? Property RateCost per $1000 $0 - $100,000 $3.50 $100,000 - $5,000,000 $2.00 $5,000,000 - $10,000,000 $1.75 $10,000,000 - $15,000,000 $1.501 more row

How long does an insurance company have to investigate a claim in Arkansas?

45 Calendar Days Your insurer must complete investigation of a claim within forty-five (45) calendar days after notification of claim, unless such investigation cannot reasonably be completed within such time.

What is the function of the insurance department?

The major goals of insurance departments are to ensure fairness in rates and access to coverage, fairness and timeliness in claims handling, solvency of carriers, education of professionals, and to educate consumers. The insurance department must authorize an insurer before it can issue policies in any given state.