# AR Insurance Bulletin 1-83: Mortgage Guaranty Insurance: Commitment Fees

> Arkansas · Agency guidance · In force

URL: https://www.frixlaw.com/law-library/statutes/AR_INS_B_1983-01

## Section

- **Citation:** AR Insurance Bulletin 1-83
- **Heading:** Mortgage Guaranty Insurance: Commitment Fees
- **Jurisdiction:** Arkansas
- **Kind:** Agency guidance
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Arkansas Insurance Department Bulletins and Directives / Mortgage Guaranty Insurance: Commitment Fees

## Text

ARKANSAS INSURANCE DEPARTMENT
LEGAL DIVISION
1200 West Third Street
Little Rock, AR 72201-1904
501-371-2820
FAX 501-371-2629

Bulletin 1-83

MORTGAGE GUARANTY INSURANCE:
COMMITMENT FEES

January 5, 1983

By letter dated September 1, 1982, the Arkansas Insurance Department advised all insurers writing mortgage guaranty
insurance in the State of Arkansas that it is the Department’s position that a commitment fee charged for a commitment to
insure is consideration for the insurance contract and therefore, is premium as defined by Ark. Stat. Ann. § 66-3203.
Commitment fees are a usual and customary underwriting expense and must be filed with the Department as set forth in Rule
and Regulation 23. When the coverage is placed in effect, the commitment fee must be shown on the policy as part of the
premium as required by Ark. Stat. Ann. § 66-3212(2).

Approval is hereby withdrawn for all previously approved filings not showing the commitment fee in the rate formula effective
January 1, 1983.

All insurers using commitment fees must include these fees as a part of the rate formula in all future filings or such filings will
be disapproved. Insurers having previously approved filings not showing commitment fees in the rate formula must submit
new filings showing the commitment fee in the rate formula as approval of the previous filing has been withdrawn.

Linda N. Garner
INSURANCE COMMISSIONER

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/AR_INS_B_1983-01. Check the current official text before relying on it. Not legal advice.