23 CAR Part 27 — Reporting of Fraudulent Insurance Acts

Chapter I

Subchapter A

Subpart 1

23 CAR § 27-101 Purpose

23 CAR § 27-101. Purpose.

The purpose of this part is to assist persons in the business of insurance having knowledge or a reasonable belief that a fraudulent insurance act is being, will be, or has been committed in complying with the mandatory reporting requirement of Arkansas Code § 23-66-505(a).

23 CAR § 27-102 Applicability and scope

23 CAR § 27-102. Applicability and scope.

This part applies to any person engaged in the business of insurance in the State of Arkansas who has knowledge or a reasonable belief that a fraudulent insurance act is being, will be, or has been committed.

23 CAR § 27-103 Definitions

23 CAR § 27-103. Definitions.

The definitions set forth in Arkansas Code § 23-66-501 shall apply to this part.

23 CAR § 27-104 Method of reporting suspected fraudulent insurance acts

23 CAR § 27-104. Method of reporting suspected fraudulent insurance acts.

(a)(1) The reporting requirement of Arkansas Code § 23-66-505(a) may be satisfied by filing a completed fraud referral form with the Criminal Investigation Division of the State Insurance Department.

(2) The form shall be as prescribed by the Insurance Commissioner and may be obtained from the division.

(b) A reporting form containing substantially similar language and providing all the information requested in the fraud referral form prescribed by the commissioner may be used if previously approved by the commissioner.

23 CAR § 27-105 Severability

23 CAR § 27-105. Severability.

Any section or provision of this part held by a court to be invalid or unconstitutional will not affect the validity of any other section or provision of this part.