2010 Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Subtitle 3 - Insurance
Chapter 67 - Rates and Rating Organizations
Subchapter 2 - Regulation of Insurance Rates
§ 23-67-216 - Advisory organizations -- Permitted activities.

23-67-216. Advisory organizations -- Permitted activities.

Any advisory organization, in addition to other activities permitted, is authorized to:

(1) Develop statistical plans, including territorial and class definitions;

(2) Collect statistical data from members, subscribers, or any other source;

(3) Prepare and distribute pure premium data, adjusted for loss development and loss trending, in accordance with its statistical plans;

(4) Prepare, distribute, and file rates and supplementary rate information except as prohibited by 23-67-215(b). Those filings made by advisory organizations shall be for advisory purposes only and shall not be made on behalf of any insurer;

(5) Distribute information that is filed with the Insurance Commissioner and open to public inspection;

(6) Conduct research and on-site inspections in order to prepare classifications of public fire defenses;

(7) Consult with public officials regarding public fire protection as it would affect members, subscribers, and others;

(8) Conduct research and collect statistics in order to discover, identify, and classify information relating to cause or prevention of losses;

(9) Prepare and file policy forms and endorsements and consult with members, subscribers, and others relative to their use and application;

(10) Conduct research and on-site inspections for the purpose of providing risk information relating to individual structures;

(11) Collect, compile, and distribute past and current prices of individual insurers if that information is made available to the general public;

(12) File rates, supplementary rate information, and supporting information for residual market mechanisms; and

(13) Furnish any other services not prohibited by this chapter.