{"data":{"id":"us-ar/ark.-code-ann.-23-63-1501","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 23-63-1501","heading":"Definitions","body":"As used in this subchapter: (1) \"Adjusted RBC report\" means an RBC report that has been adjusted by the Insurance Commissioner in accordance with § 23-63-1502(d) ; (2) \"Corrective order\" means an order issued by the commissioner specifying corrective actions that the commissioner has determined are required; (3) \"Domestic health organization\" means: (A) A health maintenance organization domiciled in this state, as established under § 23-76-107 ; or (B) A hospital and medical service corporation as defined in § 23-75-101 ; (4) \"Foreign health organization\" means a health organization licensed to do business in this state but is not domiciled in this state; (5) (A) \"Health organization\" means a health maintenance organization, hospital and medical service corporation, limited health service organization, dental or vision plan, hospital, or a medical and dental indemnity or service corporation. (B) \"Health organization\" does not include: (i) An organization that is licensed as either a life and health insurer; or (ii) A property and casualty insurer that is subject to the life or property and casualty RBC requirements; (6) \"NAIC\" means the National Association of Insurance Commissioners; (7) \"RBC instructions\" means the RBC report, including risk-based capital instructions adopted by the NAIC, as these RBC instructions may be amended by the NAIC according to the procedures adopted by the NAIC; (8) \"RBC level\" means a health organization's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC when: (A) \"Authorized control level RBC\" means the number determined under the risk-based capital formula according to the RBC instructions; (B) \"Company action level RBC\" means, with respect to a health organization, the product of two (2) and its authorized control level RBC; (C) \"Mandatory control level RBC\" means the product of seven-tenths (0.7) and the authorized control level RBC; and (D) \"Regulatory action level RBC\" means the product of one and five-tenths (1.5) and its authorized control level RBC; (9) \"RBC plan\" means a comprehensive financial plan containing the elements specified in § 23-63-1503(b) . If the commissioner rejects the RBC plan and it is revised by the health organization with or without the commissioner's recommendation, the plan shall be called the \"revised RBC plan\"; (10) \"RBC report\" means the report required in § 23-63-1502 ; and (11) \"Total adjusted capital\" means the sum of: (A) A health organization's statutory capital and surplus, such as net worth, as determined according to the statutory accounting applicable to the annual financial statements required to be filed; and (B) Other items that the RBC instructions may provide. Acts 1999, No. 580, § 1; 2011, No. 760, § 5.\n\nAs used in this subchapter:\n\n(1) \"Adjusted RBC report\" means an RBC report that has been adjusted by the Insurance Commissioner in accordance with § 23-63-1502(d) ;\n\n(2) \"Corrective order\" means an order issued by the commissioner specifying corrective actions that the commissioner has determined are required;\n\n(3) \"Domestic health organization\" means: (A) A health maintenance organization domiciled in this state, as established under § 23-76-107 ; or (B) A hospital and medical service corporation as defined in § 23-75-101 ;\n\n(A) A health maintenance organization domiciled in this state, as established under § 23-76-107 ; or\n\n(B) A hospital and medical service corporation as defined in § 23-75-101 ;\n\n(4) \"Foreign health organization\" means a health organization licensed to do business in this state but is not domiciled in this state;\n6-107 ; or (B) A hospital and medical service corporation as defined in § 23-75-101 ;\n\n(A) A health maintenance organization domiciled in this state, as established under § 23-76-107 ; or\n\n(B) A hospital and medical service corporation as defined in § 23-75-101 ;\n\n(4) \"Foreign health organization\" means a health organization licensed to do business in this state but is not domiciled in this state;\n\n(5) (A) \"Health organization\" means a health maintenance organization, hospital and medical service corporation, limited health service organization, dental or vision plan, hospital, or a medical and dental indemnity or service corporation. (B) \"Health organization\" does not include: (i) An organization that is licensed as either a life and health insurer; or (ii) A property and casualty insurer that is subject to the life or property and casualty RBC requirements;\n\n(A) \"Health organization\" means a health maintenance organization, hospital and medical service corporation, limited health service organization, dental or vision plan, hospital, or a medical and dental indemnity or service corporation.\n\n(B) \"Health organization\" does not include: (i) An organization that is licensed as either a life and health insurer; or (ii) A property and casualty insurer that is subject to the life or property and casualty RBC requirements;\n\n(i) An organization that is licensed as either a life and health insurer; or\n\n(ii) A property and casualty insurer that is subject to the life or property and casualty RBC requirements;\n\n(6) \"NAIC\" means the National Association of Insurance Commissioners;\n\n(7) \"RBC instructions\" means the RBC report, including risk-based capital instructions adopted by the NAIC, as these RBC instructions may be amended by the NAIC according to the procedures adopted by the NAIC;\n\n(8) \"RBC level\" means a health organization's company action level RBC, regulatory action level RBC, authorized control level RBC, or mandatory control level RBC when: (A) \"Authorized control level RBC\" means the number determined under the risk-based capital formula according to the RBC instructions; (B) \"Company action level RBC\" means, with respect to a health organization, the product of two (2) and its authorized control level RBC; (C) \"Mandatory control level RBC\" means the product of seven-tenths (0.7) and the authorized control level RBC; and (D) \"Regulatory action level RBC\" means the product of one and five-tenths (1.5) and its authorized control level RBC;\n\n(A) \"Authorized control level RBC\" means the number determined under the risk-based capital formula according to the RBC instructions;\n\n(B) \"Company action level RBC\" means, with respect to a health organization, the product of two (2) and its authorized control level RBC;\n\n(C) \"Mandatory control level RBC\" means the product of seven-tenths (0.7) and the authorized control level RBC; and\n\n(D) \"Regulatory action level RBC\" means the product of one and five-tenths (1.5) and its authorized control level RBC;\n\n(9) \"RBC plan\" means a comprehensive financial plan containing the elements specified in § 23-63-1503(b) . If the commissioner rejects the RBC plan and it is revised by the health organization with or without the commissioner's recommendation, the plan shall be called the \"revised RBC plan\";\n\n(10) \"RBC report\" means the report required in § 23-63-1502 ; and\n\n(11) \"Total adjusted capital\" means the sum of: (A) A health organization's statutory capital and surplus, such as net worth, as determined according to the statutory accounting applicable to the annual financial statements required to be filed; and (B) Other items that the RBC instructions may provide.\n\n(A) A health organization's statutory capital and surplus, such as net worth, as determined according to the statutory accounting applicable to the annual financial statements required to be filed; and\n\n(B) Other items that the RBC instructions may provide.","path":["AR Code","Title 23","Chapter 63","Subchapter 15"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"bda40c6ee41974f3e48746d8d4be8b02a0613b774ad06fbdcfe0a2f5632c55a0","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-23-63-1406","next":"us-ar/ark.-code-ann.-23-63-1502"},"notice":"GroundRules: Original legal text. Not legal advice."}