Please use this email address to file advisory organization license requests or
applications or for help with registering as an advisory organization:
AID.Advisory.Organizations@arkansas.gov
ACA 23-67-202. defines Advisory Organization or Rate Service Organization as “any
entity which either has two (2) or more member insurers or is controlled either directly
or indirectly by two (2) or more insurers, licensed under § 23-67-214, and which assists
insurers in ratemaking-related activities such as those enumerated in § 23-67-216 or
two (2) or more insurers having a common ownership or operating in this state under
common management or control constitute a single insurer for the purpose of this
The following are licensed as advisory or rate service organizations in Arkansas.
ACORD
http://www.acord.com/
ACCORD is a nonprofit insurance association whose mission is to facilitate the
development and use of standards for the insurance and related financial services
industries. ACORD accomplishes its mission by remaining an objective, independent
advocate for sharing information among diverse platforms.
ACORD is committed to providing standards and services that improve efficiency and
expand market reach by: reducing costs; reducing duplication of work and ambiguous communication exchanges;
improving accuracy; facilitating e-business; and supporting multiple distribution models.
AIPSO
http://www.aipso.com/
AIPSO provides all the services necessary for the effective and efficient administration of automotive insurance plans
specifically designed to provide options to high-risk drivers and the industry that insures them. They are a not-for-profit
organization.
They provide expertise in the fields of insurance, management, actuarial science, statistical analysis, information
systems development, audit services, accounting, and insurance law. Many services are provided directly to or on
behalf of governing committees that represent their state's residual market mechanism
AMERICAN ASSOCIATION OF INSURANCE SERVICES “AAIS”
http://www.aaisonline.com
The American Association of Insurance Services is a product development resource for property/casualty insurers who
require responsive, innovative information services. With more than 60 years of expertise in actuarial analysis, policy
form development, and regulatory filings, AAIS is now a recognized leader in customized product research and design.
More than 600 property/casualty companies use AAIS products and services.
HIGHWAY LOSS DATA INSTITUTE (AN AFFILIATE OF INSURANCE INSTITUTE FOR HIGHWAY
SAFETY)
http://www.iihs.org
The Insurance Institute for Highway Safety is a nonprofit research and communications organization funded by auto
insurers. For over 30 years the Insurance Institute for Highway Safety has been a leader in finding out what works and
doesn't work to prevent motor vehicle crashes in the first place and reduce injuries in the crashes that still occur. The
Institute's research focuses on countermeasures aimed at all three factors in motor vehicle crashes (human, vehicular,
and environmental) and on interventions that can occur before, during, and after crashes to reduce losses. In 1992 the
Vehicle Research Center (VRC) was opened. This center, which includes a state-of-the-art crash test facility, is the
focus of most of the Institute's vehicle-related research. The Institute's affiliate organization, the Highway Loss Data
Institute, gathers, processes, and publishes data on the ways in which insurance losses vary among different kinds of
vehicles.
INDEPENDENT STATISTICAL SERVICE, INC. (ISS)
https://www.iss-statistical.net
ISS is comprised of Property and Casualty insurance specialists serving as a state-authorized statistical agent to over
400 companies. Their customers represent not only a wide variety of sizes, but type of companies as well; including
large national companies, single and multi-line writers, specialty writers and regional or one-state writers. They assist
customers in fulfilling their state reporting requirements by collecting only the necessary information annually and
preparing reports for insurance departments, rating bureaus and other agencies.
INSURANCE SERVICES OFFICE, INC. (ISO)
http://www.verisk.com/iso.html
ISO is the premier source of information about property and liability risk. For a broad spectrum of commercial and
personal lines of insurance, ISO provides analytical and decision-support products and services, including statistical,
actuarial, underwriting, and claims information; consulting; technical services; policy language; information about
specific locations; fraud-identification tools; and data processing.
ISO DATA, INC
ISO Data is the statistical data division of Insurance Services Office, Inc.
MILL AND ELEVATOR RATING BUREAU (MERB)
Mill and Elevator Rating Bureau is a commercial property rating association for mills and grain elevators.
MSO, INC.
http://www.msonet.com
MSO is a national advisory rating service bureau providing policy form, rule, actuarial, and statistical services to
insurers since 1944. MSO has long been an industry leader, offering commercial and personal lines property and
casualty programs that are comprehensive yet easy to use. MSO will work with companies to customize products to
meet their specifically targeted marketing and underwriting requirements.
NATIONAL COUNCIL ON COMPENSATION INSURANCE “NCCI”
http://www.ncci.com/
NCCI operates as a not-for-profit rating, statistical and data management services organization. NCCI products and
services assist insurers, regulatory officials, lawmakers, and other industry stakeholders in making informed decisions
that support the efficient economic functioning of the workers compensation system.
NCCI's core services include:
•
Rate and advisory loss cost filings
•
Cost analyses of proposed and enacted legislation
•
Residual market management
•
Production of Experience Ratings
•
Statistical and compliance services
•
Maintenance of the workers compensation infrastructure of classifications, rules, plans and forms
•
Tools for informed decision-making that extend and enhance traditional, core offerings
NATIONAL CROP INSURANCE SERVICES
http://www.ag-risk.org/
National Crop Insurance Services (NCIS) is an international not-for-profit organization representing the interests of
more than 60 crop insurance companies. NCIS member companies write Crop-Hail Insurance; Multiple Peril Crop
Insurance (MPCI), the federally subsidized risk management program; and, privately developed crop insurance
products totaling approximately $3 billion in premium, with liability totaling approximately $50 billion. These companies
service all farmers participating in the federal program, including limited-resource and socially-disadvantaged farmers.
In partnership with the government, these private companies are the safety net that equitably provides risk
management to the American farmer. NCIS members range in size from one-state companies to national writers, as
well as foreign company members.
NATIONAL INDEPENDENT STATISTICAL SERVICE
http://www.niss-stat.org/
NISS is a unique resource for the property/casualty insurance industry. We collect and report timely, quality insurance
data, and perform other related functions, at a reasonable cost.
NISS is committed to providing our member companies with outstanding service, and doing it in a friendly, positive,
responsive manner. We are here to make your job easier - not only by providing you with the reporting mechanism you
need, but also by helping you understand it better and keeping it simple.
We are number-crunchers. We truly enjoy working with numbers (why else would we be in this business?). Even more
importantly, we enjoy solving problems and assisting people.
ODEN INSURANCE SERVICES
http://www.oden-ins.com/
ODEN® Insurance Services, Inc. is a regulatory research and publishing organization. We produce web-based
compliance research and software, and our products include information for all insurance lines. Some of the areas we
address include market conduct, underwriting, licensing, filing, and policy termination. We are a family-owned business
based in Tulsa, Oklahoma, and since 1988 we have successfully assisted insurance companies, brokers, MGAs, risk
managers and other professionals.
Arkansas Insurance Department
Associations