Arkansas Statutes

§ 23-65-317 — Revocation of surplus lines broker's license

Arkansas·Title 23
(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 li

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Legislative History

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.

Nearby Sections

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