§ 23-67-218 - Records and reports. - Arkansas Statutes

23-67-218. Records and reports.

(a) The Insurance Commissioner may adopt reasonable rules for use by companies to record and report to the commissioner rates and other information determined by the commissioner to be necessary or appropriate for the administration of this chapter and for the effectuation of its purposes.

(b) The commissioner may designate one (1) or more advisory organizations to assist him or her in gathering, compiling, and reporting the information. No insurer shall be required to record or report its experience on a classification basis inconsistent with its own rating system.