Which of the following statements regarding the Arkansas Rural Risk Underwriting Association is correct?

a. The Association sets rules for risks classification, rate modification and coverage limits

b. Participation in the Association is voluntary

c. Assessments equal at least 2% of each insurer's net direct written premiums

d. All members are initially assessed $2,000 for the expenses of mailing subscription notices

Answer: a. The Association sets rules for risks classification, rate modification and coverage limits

Arkansas State Law

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