Insurance in Arkansas USA is being regulated by the Arkansas insurance department. It has its hold upon the all types of insurances sold in the state.
From the statistics, as of the year 2001, a total number of 1.7s millions ordinary life insurance policies were made with a total value of $67.7 billion. The total value for all types of life insurance (ordinary, group, industrial, and credit) was $111.2 billion. The Property and casualty types insurers wrote premiums amounted to $2.86 billion in the year 2001.
The Gross state product that is the insurance carriers and the related activities as of the year 2003 was $1,092 millions. The loss incurred by Arkansas from the homeowners as in 2004, was 196,487,786.
The incurred losses by the state workers compensation as of the year 2004 is calculated at 209,003,744. The total insured private passengers cars of the state as of the year 2003, is 1,876,226.
