Ark. Code § 23-65-317

Current with legislation from 2024 effective through May 3, 2024.
Section 23-65-317 - Revocation of surplus lines broker's license
(a) The Insurance Commissioner shall revoke a surplus lines broker's license:
(1) If the surplus lines broker fails to file his or her quarterly statement or fails to remit the tax as required by law;
(2) If the surplus lines broker fails to maintain an office, keep records, or allow the commissioner to examine his or her records as required by law; or
(3) For any cause for which an agent's license may be revoked.
(b) The commissioner may suspend or revoke a license whenever he or she deems the suspension or revocation to be for the best interest of the people of this state.
(c) The procedures provided by § 23-64-218 for the suspension or revocation of an agent's license shall be applicable to suspension or revocation of a surplus lines broker's license.
(d) A surplus lines broker whose license has been revoked shall not be licensed within one (1) year thereafter or until payment of fines or delinquent taxes.

Ark. Code § 23-65-317

Amended by Act 2013, No. 1133,§ 8, eff. 8/16/2013.
Acts 1959, No. 148, § 203; A.S.A. 1947, § 66-2923; Acts 2001, No. 1555, § 9; 2011, No. 1055, § 2.