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23-61-102. Insurance Commissioner.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-61-102. Insurance Commissioner.
(a) The head of the State Insurance Department shall be the Insurance Commissioner appointed by the Governor with the advice and consent of the Senate. No person shall be eligible for appointment as commissioner unless a citizen of this state and at least thirty (30) years of age.
(b) The commissioner shall serve at the pleasure of the Governor and shall report to the Secretary of the Department of Commerce.
(c) The commissioner shall take and subscribe to the usual oath of office.
(d) The commissioner shall receive the salary provided by law.
(e)(1) At the time of taking office, the commissioner shall execute bond to the State of Arkansas in the sum of fifty thousand dollars ($50,000) for the faithful performance of his or her duties.
(2) The form and surety of the bond shall be subject to the approval of the Secretary of the Department of Commerce and the Auditor of State.
(3) An authorized surety insurer shall be the surety on the bond.
(f)(1) The commissioner shall have an official seal.
(2) All certificates issued by the commissioner shall bear his or her seal.
(3) Every document executed by the commissioner pursuant to law and bearing his or her official seal shall be received as evidence in any court or other tribunal and may be recorded in the same manner and with like effect as deeds regularly acknowledged.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-61-102
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-61-102
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: c1d59828d9e888cc03e1ac2b5409f19d01ddb0ffc762d9aab6df9d21f93461f3
Source location: content.xml paragraph 27709
Stored source content
23-61-102. Insurance Commissioner.
(a) The head of the State Insurance Department shall be the Insurance Commissioner appointed by the Governor with the advice and consent of the Senate. No person shall be eligible for appointment as commissioner unless a citizen of this state and at least thirty (30) years of age.
(b) The commissioner shall serve at the pleasure of the Governor and shall report to the Secretary of the Department of Commerce.
(c) The commissioner shall take and subscribe to the usual oath of office.
(d) The commissioner shall receive the salary provided by law.
(e)(1) At the time of taking office, the commissioner shall execute bond to the State of Arkansas in the sum of fifty thousand dollars ($50,000) for the faithful performance of his or her duties.
(2) The form and surety of the bond shall be subject to the approval of the Secretary of the Department of Commerce and the Auditor of State.
(3) An authorized surety insurer shall be the surety on the bond.
(f)(1) The commissioner shall have an official seal.
(2) All certificates issued by the commissioner shall bear his or her seal.
(3) Every document executed by the commissioner pursuant to law and bearing his or her official seal shall be received as evidence in any court or other tribunal and may be recorded in the same manner and with like effect as deeds regularly acknowledged.
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