Recordkeeping requirements
Effective Mar 7, 2026Ark. R. 2026-20 (eff. March 7, 2026)Arkansas Code § 23-66-810
(a) A provider shall:
- (1) Keep accurate data and records concerning transactions regulated under the Online Marketplace Guarantees Act, Arkansas Code § 23-66-801 et seq., and
- (2) Make its data and records available to the Insurance Commissioner upon request.
(b) A provider shall keep:
- (1) A copy of each type of online marketplace guarantee contract issued in Arkansas; and
- (2) Records documenting the provider is able to ensure its faithful performance of its obligations to platform contract holders by satisfying at least one (1) of the financial requirements provided at Arkansas Code § 23-66-804(c).
- (c) A provider shall retain all records pertaining to each online marketplace guarantee for at least three (3) years after the guarantee has expired.
- (d) A provider discontinuing business in this state shall maintain its records until it furnishes the commissioner satisfactory proof that it has discharged all obligations to platform contract holders in this state.