Arkansas Insurance Department
The Arkansas Insurance Department is the state regulatory authority, established in 1917, overseeing Arkansas's $23.7 billion insurance market through 12 divisions and 144 employees, providing consumer protection, licensing, market conduct oversight, and fraud enforcement for Arkansas residents and insurance entities.
- Company typePublic
- Founded1917
- HeadquartersLittle Rock, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Arkansas Insurance Department does
The Arkansas Insurance Department is the state regulatory authority responsible for overseeing all insurance activity within Arkansas, operating under the umbrella of the Arkansas Department of Commerce. Established in 1917, the agency provides consumer protection through licensing of insurance producers and companies, market conduct examinations, rate and form review, fraud investigation and prosecution, and enforcement of the Arkansas Insurance Code. It is the primary state-level counterparty to the National Association of Insurance Commissioners (NAIC) and serves as the regulatory interface between Arkansas consumers, insurance carriers, producers, and other state and federal agencies.
The department operates with 144 employees organized across 12 divisions, supported by an annual budget of approximately $11.7 million, and regulates an Arkansas insurance market valued at approximately $23.7 billion. Its operational backbone consists of national regulatory technology platforms — SERFF for electronic rate and form filing, OPTins for premium tax administration, and NIPR for producer licensing — which connect the agency to the broader U.S. insurance regulatory ecosystem. The department is led by the Insurance Commissioner, currently Jimmy Harris (sworn in November 2025), and includes a Criminal Investigations Division (CID) granted sworn law enforcement authority in 2001 for insurance fraud prosecution.
The agency's business model is fundamentally non-commercial. It is funded through state legislative appropriations, premium tax receipts, and licensing and examination fees assessed against regulated entities — not through market-based revenue generation. Its "customers" are Arkansas residents and insurance consumers (for protection and complaint resolution), licensed insurance carriers and producers (for compliance and licensing), and the broader public interest. Recent enforcement priorities include receivership management for distressed insurers such as United Home Insurance Company, oversight of pharmacy benefit managers (PBMs), and operation of the Arkansas Health Insurance Marketplace (AHIM) created in 2019.
Arkansas Insurance Department firmographics
Firmographics- Name
- Arkansas Insurance Department
- Legal name
- Arkansas Insurance Department
- Website
- https://insurance.arkansas.gov
- Company type
- Public
- Founded year
- 1917
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- The Arkansas Insurance Department is the state regulatory authority, established in 1917, overseeing Arkansas's $23.7 billion insurance market through 12 divisions and 144 employees, providing consumer protection, licensing, market conduct oversight, and fraud enforcement for Arkansas residents and insurance entities.
- Ownership category
- akta.pro rank
Arkansas Insurance Department industry classification
Industry- Product category
- State Insurance Regulation
- NAICS
- Other Insurance Related Activities (52429)
- akta.pro primary industry
- Healthcare Compliance & Enforcement Authorities (HLAJACAB)
Keywords
Where Arkansas Insurance Department is headquartered
LocationHeadquarters
- HQ city
- Little Rock
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Arkansas Insurance Department business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- State Government Funding: The Arkansas Insurance Department operates as a division of the Arkansas Department of Commerce, funded primarily through state government appropriations with an annual budget of approximately $11.7 million. The department also collects fees and premium taxes from the regulated insurance industry.
Go-to-market motion1 record
Distribution channels6 records
Marketing channels8 records
Arkansas Insurance Department product offering
Product offeringCore offering
The Arkansas Insurance Department is the state regulatory agency responsible for enforcing the Arkansas Insurance Code and overseeing all insurance entities operating in the state. It regulates insurer solvency and market conduct, licenses insurance producers and adjusters, operates the Arkansas Health Insurance Marketplace (AHIM), investigates and prosecutes insurance fraud through its Criminal Investigation Division, and provides consumer protection services including complaint resolution, Medicare counseling through SHIIP, and fraud awareness education through the Senior Medicare Patrol.
Product overview
The Arkansas Insurance Department is a state regulatory agency that operates as a collection of distinct service divisions rather than a unified software product. The department's offerings include the Arkansas Health Insurance Marketplace (AHIM) for state-based health insurance exchange, Consumer Complaint Filing System for insurance dispute resolution, SHIIP for Medicare counseling services, Senior Medicare Patrol for fraud prevention, Producer Licensing System for insurance professional licensing, Regulatory Health Link Division for ACA compliance, Product Compliance Division for rate and form filing review, Criminal Investigation Division for fraud prosecution, and Funeral Services Division for industry oversight. The department also manages the All-Payer Claims Database and Earthquake Market Assistance Program. These services operate as interconnected regulatory platforms serving both consumers and insurance industry participants.
Differentiator
Problem solved
Functional benefit
Products and services
- Arkansas Health Insurance Marketplace (AHIM) State-based health insurance exchange offering Arkansas residents the ability to compare and enroll in qualified health plans, dental coverage, and apply for federal advance premium tax credits from multiple participating insurance carriers.
- Consumer Complaint Filing System
Companies that use Arkansas Insurance Department
Customer profileSegments5 records
Ideal customer profiles4 records
Arkansas Insurance Department technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Arkansas Insurance Department partnerships and signals
Strategic signalScale indicators5 records
Recent moves7 records
Expansion highlights3 records
Arkansas Insurance Department competitors and assessment
Company assessmentDirect peers
- Texas Department of Insurance: State insurance regulator with comparable solvency, market conduct, and consumer protection functions; one of the largest U.S. state insurance departments, directly comparable in mission and structure to AID.
- California Department of Insurance: State insurance regulator performing insurer licensing, rate review, consumer complaint handling, and fraud prosecution; directly mirrors AID's mandate with similar statutory authority over a large insurance market.
- Florida Office of Insurance Regulation: Florida's state insurance regulator with solvency monitoring, market conduct oversight, and rate filing review; the most structurally similar peer to AID given comparable regulatory scope.
- New York State Department of Financial Services: Combined banking and insurance regulator with insurer licensing, consumer protection, and fraud enforcement functions; broader than AID but with directly overlapping insurance regulatory authority.
Regional players
- Mississippi Insurance Department: Neighboring Mid-South state insurance regulator with comparable consumer protection and licensing functions; similar scale and statutory authority.
- Oklahoma Insurance Department: Bordering state insurance regulator with shared regional insurance market dynamics; directly comparable in mission, structure, and operating scale.
- Louisiana Department of Insurance: Southern regional state insurance regulator with similar consumer protection, licensing, and market conduct scope; comparable in scale and regulatory authority to AID.
- Missouri Department of Insurance: Midwest/Missouri Valley state insurance regulator with comparable consumer protection, licensing, and market conduct functions; adjacent geography makes it a strong regional comparator to AID.
- Tennessee Department of Commerce and Insurance: Neighboring state regulator organized similarly within a state commerce department; comparable in structure, scope, and regional market context.
Others
- National Association of Insurance Commissioners (NAIC): National coordinating body for state insurance regulators; AID actively participates in NAIC committees, making NAIC the natural ecosystem peer for inter-state coordination and standards-setting.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat2 records
Key risks5 records
Key highlights7 records
Customer concentration
Arkansas Insurance Department social profiles
Digital presenceArkansas Insurance Department financial estimates
Financial estimateRevenue estimate
Valuation estimate
Arkansas Insurance Department leadership team
Management profileNumber of profiles
Profiles1 record
Arkansas Insurance Department funding detail
Funding detailFunding overview
Funding rounds
Investors
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Arkansas Insurance Department M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Arkansas Insurance Department
What does Arkansas Insurance Department do?
The Arkansas Insurance Department is the state regulatory agency responsible for enforcing the Arkansas Insurance Code and overseeing all insurance entities operating in the state. It regulates insurer solvency and market conduct, licenses insurance producers and adjusters, operates the Arkansas Health Insurance Marketplace (AHIM), investigates and prosecutes insurance fraud through its Criminal Investigation Division, and provides consumer protection services including complaint resolution, Medicare counseling through SHIIP, and fraud awareness education through the Senior Medicare Patrol.
Is Arkansas Insurance Department a public or private company?
Arkansas Insurance Department is a public company. It is classified as state government owned and is currently operating.
When was Arkansas Insurance Department founded?
Arkansas Insurance Department was founded in 1917. It employs 51 to 100 people.
Where is Arkansas Insurance Department based?
Arkansas Insurance Department is headquartered in Little Rock, United States, in the North America region.
How does Arkansas Insurance Department make money?
One revenue line is on record: state Government Funding.
Who are Arkansas Insurance Department's main competitors?
Direct peers on record are Texas Department of Insurance, California Department of Insurance, Florida Office of Insurance Regulation and New York State Department of Financial Services. Regional players are Mississippi Insurance Department, Oklahoma Insurance Department, Louisiana Department of Insurance, Missouri Department of Insurance and Tennessee Department of Commerce and Insurance. National Association of Insurance Commissioners (NAIC) is listed as an others.
Does Arkansas Insurance Department have an API?
No public API is recorded for Arkansas Insurance Department.
What industry is Arkansas Insurance Department in?
Arkansas Insurance Department's product category is State Insurance Regulation. Its primary akta.pro industry code is HLAJACAB, Healthcare Compliance & Enforcement Authorities. Its NAICS code is 52429.