Compliance Alerts

    Arkansas

    Arkansas Issues Moratorium Following Severe Storms and Tornadoes

    Mar 28, 2025 / by AAIS posted in Compliance, Arkansas

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    On March 21, 2025, the Arkansas Insurance Department (AID) released Bulletin No. 06-2025 to issue a moratorium following severe storms and tornadoes in the state.

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    Arkansas Enacts Senate Bill 48

    Mar 21, 2025 / by AAIS posted in Compliance, Arkansas

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    Arkansas has enacted Senate Bill 48, which, among other provisions, is adding clarification regarding deductible disclosure. The bill states that for owner-occupied residential property insurance policies, all deductibles included under the policy must be disclosed, as applicable, in a clear and conspicuous manner on the policy declaration page or notice of renewal. For owner-occupied residential property insurance policies that contain separate deductible levels by peril, the deductible amounts along with the policy's all other peril deductible, if applicable, must be displayed on the policy declaration page or notice of renewal.

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    Arkansas Issues Moratorium Against Cancellation and Non-Renewal

    May 29, 2024 / by AAIS posted in Compliance, Arkansas

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    On May 28, 2024, the Arkansas Insurance Department (ARID) issued Bulletin No. 7-2024 following severe weather that occurred in northwest and north central Arkansas. The weather occurred between May 24, 2024, and May 26, 2024, and resulted in a state of emergency being declared on May 26.

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    Arkansas Issues Tornado Disaster Claims Data Call

    May 8, 2023 / by AAIS posted in Arkansas

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    Following tornado events that took place in Arkansas on March 31, 2023, the Arkansas Insurance Department (AID) issued Bulletin 8-2023 on May 1, 2023 requesting that all property and casualty insurers (including Surplus Lines carriers) respond to its tornado disaster claims data call.

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    Multiple States Issue Policy Cancellation Moratorium Following Severe Weather

    Apr 17, 2023 / by AAIS posted in Indiana, Arkansas

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    As a result of the severe storms and tornadoes on March 31, 2023 and April 1, 2023, the Arkansas Insurance Department (AID) and the Indiana Department of Insurance (IDOI) issued bulletins to insurers implementing a policy cancellation moratorium. 

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