Arkansas Code of 1987 (2023)
Title 23 - PUBLIC UTILITIES AND REGULATED INDUSTRIES (§§ 23-1-101 — 23-119-105)
Subtitle 3 - INSURANCE (§§ 23-60-101 — 23-103-417)
Chapter 64 - LICENSEES, AGENTS, BROKERS, ADJUSTERS, AND CONSULTANTS (§§ 23-64-101 — 23-64-614)
Subchapter 2 - LICENSING AND APPOINTMENT (§§ 23-64-201 — 23-64-234)
Section 23-64-204 - Application for insurance consultant's license

• (a) Application for an insurance consultant's license shall be made to the Insurance Commissioner by the applicant and be signed and sworn to by the applicant along with a nonrefundable application fee as prescribed by regulation.

• (b) The form of application shall require full answers to such questions as may reasonably be necessary to determine the applicant's identity, residence, personal history, business record, experience in insurance, and other facts, such as, but not limited to, criminal convictions, pleas, pending charges, bankruptcies, or filings for bankruptcy or any other items, as required by the commissioner to determine whether the applicant meets the applicable qualifications mandated.

• (c) The application shall state the kinds of insurance proposed to be transacted.

• (d) If the applicant for license is a firm, limited liability company, or corporation, the application shall show the names of all members, managers, officers, and directors and shall designate each individual who is to exercise the powers to be conferred by the license. Each individual so designated shall furnish information with respect to himself or herself, as part of the application, as though licensed as an individual licensee.

• (e) The application shall also show whether the applicant or individual designee under the license was ever previously licensed to transact any kind of insurance in this state or elsewhere, whether the license was ever refused, suspended, or revoked, and whether any insurer or insurance licensee claims an applicant is indebted to it, and if so, the details thereof.

• (f)
  • (1) If the application is approved and if the nonrefundable application fee is paid, an examination permit will be issued to the applicant.
  • (2) The permit will be valid for a period of ninety (90) days from the date of issuance.
  • (3) If the applicant does not schedule and appear for examination within that ninety-day period, the permit shall expire and the applicant may be required to file a new application and shall pay another nonrefundable application fee before issuance of another examination permit to the applicant.
  • (4) If an applicant appears for examination but fails to pass the examination, the applicant shall be required to pay a nonrefundable reexamination fee before reexamination.

Acts 1959, No. 148, § 156; 1979, No. 942, § 21; 1983, No. 522, §§ 15-17; A.S.A. 1947, § 66-2813; Acts 1987, No. 622, § 4; 1993, No. 901, § 21; 1997, No. 1004, § 1; 1999, No. 1270, § 1; 2001, No. 580, § 8.