(a) No policy issued pursuant to this part and Acts 1991, No. 238, as a minimum basic benefit policy shall provide for coverage or benefits required to be offered pursuant to the following provisions of the Arkansas Code:

1. (1) Section 23-79-129;
2. (2) Section 23-79-130;
3. (3) Section 23-79-137;
4. (4) Section 23-79-139;
5. (5) Section 23-79-140;
6. (6) Section 23-79-141;
7. (7) Section 23-85-131(b);
8. (8) Section 23-85-137;
9. (9) Section 23-86-108(4);
10. (10) Section 23-86-113; and
11. (11) Section 23-86-118.

(b)

1. (1) Insurers may file with the State Insurance Department for approval as minimum basic benefit policies, policy forms which contain higher or lower benefit levels than specified by 23 CAR §§ 107-103 and 107-105.
2. (2) Provided, however, no insurer may file any policy for approval as a minimum basic benefit policy that contains any provision excluded by subsection (a) of this section.
3. (3) Provided further, insurers may only file policies for approval pursuant to subsection (b) of this section after filing and receiving approval and offering for sale a minimum basic benefit policy form containing those benefit levels as provided in 23 CAR §§ 107-103 and 107-105.