What organization must all insurers be members of to transact insurance in Arkansas?

All insurers that wish to conduct business in Arkansas must be members of the Arkansas Life and Disability Insurance Guaranty Association. This requirement is in place to protect policyholders in the event that an insurance company becomes insolvent. The Association provides a safety net that ensures claims will still be paid, thereby enhancing consumer confidence in the insurance market.

Membership helps to provide a level of security for policyholders, allowing them to feel assured that they will not lose their benefits if their insurer is unable to meet its obligations. The other organizations mentioned do not fulfill this specific role or requirement in the context of Arkansas insurance regulations.