(a) The purpose of this part is to set forth the standards which the Insurance Commissioner may use for identifying insurers found to be in such condition as to render the continuance of their business hazardous to:
- (1) Their policyholders;
- (2) Their creditors; or
- (3) The general public.
- (b) This part shall not be interpreted to limit the powers granted the commissioner by any laws or parts of laws of this state, nor shall this rule be interpreted to supersede any laws or parts of laws of this state.
- (c) This part shall be applicable to all insurers, companies, and other entities subject to the provisions of Arkansas Code § 23-68-101 et seq.