§ 23-61-101 - State Insurance Department -- Continuation -- Assignment of space. - Arkansas Statutes

23-61-101. State Insurance Department -- Continuation -- Assignment of space.

(a) There is continued at the seat of government of this state an office or department designated as the State Insurance Department.

(b) Suitable space shall be assigned for the use of the department.

(c) (1) (A) The purpose of the department is to serve and protect the public interest by the equitable enforcement of the state's laws and regulations affecting the insurance industry.

(B) The primary mission of the department shall be consumer protection through insurer solvency and market conduct regulation, and fraud prosecution and deterrence.

(2) Nothing in this subsection shall be construed to limit the Insurance Commissioner's authority as enumerated in other provisions of the Arkansas Insurance Code.