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23-88-502. Licensure of vendors.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-88-502. Licensure of vendors.
(a) A vendor is required to hold a limited lines license to sell or offer coverage under a portable electronics insurance policy.
(b) A limited lines license issued under this subchapter shall authorize an employee or authorized representative of the licensee to sell or offer coverage under a policy of portable electronics insurance to a customer at locations the vendor engages in the business of portable electronics transactions.
(c) A supervising entity shall:
(1) Maintain a registry of vendor locations that are authorized to offer coverage for portable electronics in this state; and
(2) Produce the registry for inspection and examination during its regular business hours upon receipt of a ten-day notice from the Insurance Commissioner.
(d) A license issued under this subchapter authorizes the licensee and its employees or authorized representatives to engage in the activities authorized by this subchapter.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-88-502
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:23-88-502
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 5f03aadd863dfcd5521d7002e823b41075a9a70b0914cbf2f789e2fa5370ea61
Source location: content.xml paragraph 53439
Stored source content
23-88-502. Licensure of vendors.
(a) A vendor is required to hold a limited lines license to sell or offer coverage under a portable electronics insurance policy.
(b) A limited lines license issued under this subchapter shall authorize an employee or authorized representative of the licensee to sell or offer coverage under a policy of portable electronics insurance to a customer at locations the vendor engages in the business of portable electronics transactions.
(c) A supervising entity shall:
(1) Maintain a registry of vendor locations that are authorized to offer coverage for portable electronics in this state; and
(2) Produce the registry for inspection and examination during its regular business hours upon receipt of a ten-day notice from the Insurance Commissioner.
(d) A license issued under this subchapter authorizes the licensee and its employees or authorized representatives to engage in the activities authorized by this subchapter.
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