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Are there statutes or Rules concerning the use of age and gender as underwriting criteria in Arkansas?

April 26, 2017age Arkansas criteria gender rules statutes Underwriting

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Are there statutes or Rules concerning the use of age and gender as underwriting criteria in Arkansas?

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A. Yes. An insurer should consider the relevant provisions of the Arkansas Trade Practices Act, Ark. Code Ann. § 23-66-206. However, if age and gender are proven to be a substantial factor as an underwriting criteria by the alleged discriminator, then an insurer is not prohibited from using it as a criterion to charge different rates to different customers.