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AR HB2143
Bill
Status
4/4/2011
Primary Sponsor
Barry Hyde
Click for details
AI Summary
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Authorizes the Arkansas Insurance Commissioner to enter into written multistate agreements with other state jurisdictions to cooperate on administration and collection of taxes on surplus lines insurers
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Agreements may address base jurisdiction determinations, brokers' record requirements, audit procedures, information exchange, licensing eligibility, reporting requirements, tax collection methods, penalties, and administrative rules
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Permits the commissioner to audit records of persons subject to the agreement regardless of multistate agreement terms
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Multistate agreement terms prevail over conflicting state law effective July 19, 2011
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Agreements become effective only upon filing with the commissioner
Legislative Description
To Authorize The Insurance Commissioner To Enter Into Agreements With Other Jurisdictions To Aid In The Administration Of Taxes On Surplus Lines Insurers And To Declare An Emergency.
Last Action
House Notification that HB2143 is now Act 1055
4/4/2011