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23-65-317. Revocation of broker's license.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-65-317. Revocation of broker's license.
(a) The Insurance Commissioner shall revoke a surplus lines broker's license:
(1) If the broker fails to file his or her quarterly statement or fails to remit the tax as required by law;
(2) If the 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(d) A broker whose license has been revoked shall not be licensed within one (1) year thereafter or until payment of fines or delinquent taxes.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-65-317
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:23-65-317
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 6ec9fc1f55edd0d5edee933f8b90876d6774f4cb7fc36ee18f4da6bfe4af2ecf
Source location: content.xml paragraph 37381
Stored source content
23-65-317. Revocation of broker's license.
(a) The Insurance Commissioner shall revoke a surplus lines broker's license:
(1) If the broker fails to file his or her quarterly statement or fails to remit the tax as required by law;
(2) If the 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 broker whose license has been revoked shall not be licensed within one (1) year thereafter or until payment of fines or delinquent taxes.
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Arkansas Code — all titles (historical 2020) · legal_authorities
23-64-218. Return of license to Insurance Commissioner.
(a)(1) All licenses issued under this chapter, although issued and delivered to the licensee, shall at all times be the property of the State of Arkansas.
(2) Upon any expiration, termination, suspension, or revocation of the license, the licensee or other person having possession or custody of the license shall immediately deliver it to the Insurance Commissioner either by personal delivery or by mail.
(b) As to any license lost, stolen, or destroyed while in the possession of any licensee or person, the commissioner may accept, in lieu of return of the license, the affidavit of the licensee or other person responsible for or involved in the safekeeping of the license concerning the facts of the loss, theft, or destruction.
(c) Any licensee who ceases to maintain his or her residence in this state shall deliver his or her insurance license to the commissioner within ten (10) days after terminating his or her residency.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-64-218
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. The source passage cites 23-64-218. This identifies an authority to review, not proof of applicability.