reglab/housing_qa huggingface dataset:
AR Code § 23-64-225 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 2 - Licensing and Appointment|§ 23-64-225. Excess or rejected business

 A licensed agent authorized to sell life or accident and health insurance may place, from time to time, excess or rejected risks in any other life or accident and health insurer authorized to transact insurance in this state with the knowledge and approval of the insurers as to which the agent is so appointed and may receive a commission thereon without being required to have an appointment as to the other insurer.
AR Code § 23-64-226 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 2 - Licensing and Appointment|§ 23-64-226. Termination rights of agents

 Following termination of any agency appointment as to property, casualty, or surety insurance, subject to consent of the insurer and to the terms of the insurer's contract with the agent, the agent may continue to service, and receive from the insurer commissions or other compensation relative to, business written by him or her for the insurer during the existence of the appointment.
AR Code § 23-64-227 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 2 - Licensing and Appointment|§ 23-64-227. Appointment of Insurance Commissioner as agent for service of process

 (a) Application for an acceptance of any nonresident license provided under this chapter shall thereby be deemed to constitute irrevocable appointment of the Insurance Commissioner as the agent of the licensee for the acceptance of service of process issued in this state in any action or proceeding against the licensee arising out of such licensing or at any time out of transactions under the license.  (b)  (1) Duplicate copies of the process shall be served upon the commissioner or upon his or her deputy, assistant, or other person in charge of his or her office during his absence.  (2) Upon receiving the service, the commissioner shall promptly forward a copy of it by registered mail, return receipt requested, to the nonresident licensee at his or her business address last of record with the commissioner.  (3) When process is served upon the commissioner as a nonresident's process agent, the licensee shall be required to appear, answer, or plead within thirty (30) days after date of the mailing of the copy of the process by the commissioner.  (4) Process served upon the commissioner and a copy forwarded shall for all purposes constitute service upon the person licensed.
AR Code § 23-64-230 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 2 - Licensing and Appointment|§ 23-64-230. Renewal of policies after agent's termination

 (a)  (1) Any insurance company authorized to transact fire or casualty business in this state shall, upon termination of an agent's appointment by the company, permit the renewal of all contracts of insurance written by the agent for a period of twelve (12) months from the date of the termination, as determined by the individual underwriting requirements of the company, unless the insurance company is deemed by the Insurance Commissioner to be in a hazardous, impaired, or insolvent condition.  (2) Provided, in the case of a contract not meeting the underwriting requirements, the company shall give the agent sixty (60) days' notice of its intention not to renew the contract.  (3) Provided further that the periods of time may be reduced as the commissioner may deem necessary to adequately protect the insured or to secure the solvency of the company.    (b)  (1) No insurance agency contract entered into in this state by a licensed insurer with an insurance agent licensed under § 23-64-101 et seq. shall be terminated by the licensed insurer unless the agent is given at least ninety (90) days' advance written notice of the intent to terminate the contract.  (2) Provided, if the contract is cancelled for failure of the agent to pay over moneys due the insurer after written demand therefor or for breach of contract, the advance notice shall not be required.  (3) Provided further, during the ninety-day period after any such notice, the licensed insurance agent shall not write or bind any new business on behalf of the licensed insurer without the specific written approval of the business by the insurer.    (c) Any insurance company renewing contracts of insurance in accordance with this section shall pay commissions for the renewals to the terminated agent in the same amount as had been paid to him or her on similar policies during the twelve (12) months immediately preceding the notice of termination.  (d) The provisions of this section shall not apply to any contract with an agent for the sale of life or accident and health insurance.  (e) The provisions of this section shall not be applicable to any insurer which writes insurance only for members of a specific organization or to any agent of the insurer.  (f)  (1) This section shall not apply to agents or brokers of a company or group of companies whose agents or brokers by contractual agreement represent only that company or group of companies or whose agents are required by contractual agreement to submit all applications for insurance for the classes and lines underwritten by such a company or group of companies to that company or group of companies, and the book of business is owned by the company or group of companies.  (2) The cancellation of any agent's or broker's contractual agreement shall not result in the cancellation or refusal to renew any policy of insurance.
AR Code § 23-64-231 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 2 - Licensing and Appointment|§ 23-64-231. Settlement with terminated producers required

 (a) All life and accident and health insurance companies doing business in the State of Arkansas, as a condition of doing business in this state, shall make settlement with their authorized producers whose services are terminated by any insurance company, for all commissions then due and owing, and thereafter make settlement, from time to time, according to the terms of the contract of employment.  (b) Whenever any life and accident and health insurance company in this state shall merge with, or be absorbed by, another life and accident and health insurance company or another insurance company, the successor company shall succeed to all of the obligations of the merged or absorbed company with regard to any unpaid settlements due producers of the merged or absorbed company under the provisions of this section.  (c) Nothing in this section shall prevent either party to the contract from resorting to any legal recourse now or hereafter available to the party.
AR Code § 23-64-301 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 3 - Continuing Education|§ 23-64-301. Continuing education required

 (a)  (1) Unless exempt under § 23-64-302, an insurance producer licensed in this state shall successfully complete and report the courses of instruction required by this section within the biennial period prescribed by rule of the Insurance Commissioner for the insurance producer to satisfy the continuing education requirements necessary to continue the insurance producer's license.  (2) The exemptions in § 23-64-302(3) and (4) do not apply to an insurance producer licensed after July 1, 2003.  (3) A resident insurance producer who qualified for an exemption under § 23-64-302(3) or (4) and then moved to another state may maintain the exemption when the insurance producer returns to this state if upon application to the commissioner for a reinstatement of the exemption the insurance producer has been continuously licensed in this state as a resident or nonresident insurance producer from the time he or she first qualified for the exemption.    (b) An individual who holds a title insurance license shall complete the minimum number of hours of continuing education courses established by rule of the commissioner.  (c) The commissioner may promulgate rules containing the continuing education requirements for insurance producers licensed in this state as necessary for continued uniformity among the states.  (d) The commissioner may hire an independent contractor to administer all or part of this subchapter in a fair and impartial manner.
AR Code § 23-64-302 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 3 - Continuing Education|§ 23-64-302. Requirements for licensees — Exceptions

 The provisions of this subchapter shall not apply to:   (1) Those natural persons holding licenses for any kind or kinds of insurance for which an examination is not required by the laws of this state;  (2) Any limited or restricted license the Insurance Commissioner may exempt;  (3) Any natural person who is at least sixty (60) years of age;  (4) Any natural person who has held an active license as an agent, solicitor, consultant, or broker for a period of at least fifteen (15) consecutive years;  (5) The licensee as a firm, limited liability company, or corporation, but this exception does not apply to any individual or natural person unless already exempted;  (6) Nonresident producers;  (7) Licensed insurance consultants for life, accident and health, property, or casualty insurance or for other lines of insurance;  (8) Nonresident agents and brokers in the first full year of resident licensing following the year after a change in the state of domicile or residency to the State of Arkansas, but thereafter annually or otherwise in accordance with insurance continuing education laws and rules of the commissioner; and  (9) A member of the Arkansas National Guard on state active duty or a member of the United States Armed Forces on active duty, including without limitation an active duty member of the:  (A) United States Coast Guard; or  (B) United States reserves.
AR Code § 23-64-303 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 3 - Continuing Education|§ 23-64-303. Requirements for newly licensed agents or brokers

 Newly licensed agents or brokers shall not be required to meet the requirements of this subchapter until the first annual period after the first renewal of their licenses on the birthdate of the licensee.
AR Code § 23-64-304 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 3 - Continuing Education|§ 23-64-304. Determination of course content and credit — Time extensions

 (a) Rules and regulations necessary and appropriate to implement and administer this subchapter shall be promulgated by the Insurance Commissioner.  (b) For good cause shown, the commissioner may grant an extension of time during which the educational requirements imposed by this subchapter may be completed, but the extension of time shall not exceed a period of one (1) calendar year.  (c) The number of hours for which credit shall be given for such courses, meetings, or programs of instruction shall be as determined by the commissioner.  (d) Educational requirements shall be obtained and reported annually to the commissioner on or before the birthdate of the licensee. Failure to report or obtain the mandated educational requirements along with the fee imposed in a timely manner shall result in the additional following fines:  (1) If within thirty (30) days after the due date, a fine of twenty-five dollars ($25.00) shall be imposed automatically;  (2) If within sixty (60) days after the due date, a fine of fifty dollars ($50.00) shall be imposed automatically;  (3) If within ninety (90) days after the due date, a fine of one hundred dollars ($100) shall be imposed automatically;  (4)  (A) If after ninety (90) days from the due date, the license shall become automatically suspended.  (B) Reinstatement of the license shall require payment of a fine of one hundred fifty dollars ($150) if reinstated within one (1) year from the due date of the education; and    (5) If after one (1) year from the due date, reinstatement is not available. Should a license be desired, the licensee must again proceed to become licensed as if never having held a license in addition to obtaining the education due when the license was suspended and paying the fine of one hundred fifty dollars ($150).    (e)  (1) Any licensee fined under subsection (d) of this section may request that the commissioner seal the licensee's records regarding the fine.  (2) The underlying conduct of any licensee whose record has been sealed under this section shall be deemed as a matter of law to have never occurred, and the licensee may state that the conduct or fine never occurred.
AR Code § 23-64-305 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 3 - Continuing Education|§ 23-64-305. Programs of instruction

 (a) Subject to approval of the Insurance Commissioner, the courses or programs of instruction or parts thereof which shall be deemed to meet the commissioner's standards for continuing education required hereunder shall include, but not be limited to, the following:  (1) American College Courses (CLU, ChFC);  (2) Life Underwriters Training Council (LUTC);  (3) Certified Insurance Counselor (CIC);  (4) Chartered Property & Casualty Underwriter (CPCU);  (5) Insurance Institute of America (IAA);  (6) Certified Health Consultant (CHC);  (7) Registered Health Underwriter (RHU);  (8) An insurance-related course or program of instruction taught by an accredited college, university, or other educational institution in this state having a comprehensive course of instruction approved and certified by the commissioner; and  (9) A course or program of instruction developed or sponsored by any authorized insurer, recognized agents' association, or insurance trade association, including meetings dedicated to the instruction of agents' education concerning matters of insurance or insurance law.    (b) A person teaching any approved course or program of instruction shall be allowed credit for the same number of educational hours as would be granted a person taking and successfully completing the course, program, or meeting.  (c) For courses, meetings, or programs not personally attended, but taken by correspondence, a proctored written exam shall be required with proof of passing the correspondence course accompanied by an affidavit from the proctor in form and substance as may be prescribed by the commissioner before credit may be considered for educational hours for that correspondence course.  (d) Subject to approval by the commissioner, the active annual membership of the licensed agent or broker in local, regional, state, or national professional insurance organizations or associations may be approved for up to two (2) annual hours of instruction. These hours shall be credited upon timely filing with the commissioner or his or her designee appropriate written evidence acceptable to the commissioner of active membership in the organization or association.
AR Code § 23-64-306 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 3 - Continuing Education|§ 23-64-306. Certification of courses completed — Filing fee

 (a) Every person subject to the provisions of this subchapter shall furnish, in a form satisfactory to the Insurance Commissioner, written certification as to the courses, meetings, or programs of instruction taken and successfully completed by such persons.  (b) A filing fee shall be paid by the person furnishing the certification in an amount determined by the commissioner to be sufficient to cover the administrative costs related to the handling of such certification.  (c) The commissioner shall determine the amount of the filing fee which shall not substantially exceed the cost of administering this subchapter.
AR Code § 23-64-307 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 3 - Continuing Education|§ 23-64-307. Insurance Continuing Education Trust Fund

 (a) All funds received pursuant to the provisions of this subchapter shall be transmitted by the Insurance Commissioner to the Treasurer of State to the credit of an account or fund to be entitled “Insurance Continuing Education Trust Fund”, which is hereby established.  (b) All expenditures disbursed pursuant to this subchapter shall be paid from funds appropriated from the Insurance Continuing Education Trust Fund by the General Assembly.
AR Code § 23-64-401 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 4 - Managing General Agents Act|§ 23-64-401. Title

 This subchapter may be cited as the “Managing General Agents Act”.
AR Code § 23-64-402 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 4 - Managing General Agents Act|§ 23-64-402. Definitions

 (a) “Actuary” means a person who is a member in good standing of the American Academy of Actuaries.  (b) “Insurer” means any person, firm, association, limited liability company, or corporation duly licensed in this state as an insurance company.  (c)  (1) “Managing general agent” means any person, firm, association, limited liability company, or corporation who manages all or part of the insurance business of an insurer, including the management of a separate division, department, or underwriting office, and acts as an agent for the insurer whether known as a managing general agent, manager, or other similar term, who, with or without the authority, either separately or together with affiliates:  (A) Produces, directly or indirectly, and underwrites an amount of gross direct written premium equal to or more than five percent (5%) of the policyholder surplus as reported in the last annual statement of the insurer in any one (1) quarter or year; together with  (B) One (1) or more of the following activities related to the business produced:  (i) Adjusts or pays claims in excess of an amount determined by the commissioner; or  (ii) Negotiates reinsurance on behalf of the insurer.      (2) Notwithstanding subdivision (c)(1) of this section, the following persons shall not be considered as managing general agents for the purposes of this subchapter:  (A) An employee of the insurer;  (B) A United States manager of the United States branch of an alien insurer;  (C) An underwriting manager who, pursuant to contract, manages all or part of the insurance operations of the insurer, is under common control with the insurer, subject to the Insurance Holding Company Regulatory Act, § 23-63-501 et seq., and whose compensation is not based on the volume of premiums written; or  (D) The attorney in fact authorized by and acting for the subscribers of a reciprocal insurer or interinsurance exchange under powers of attorney.      (d) “Underwrite” means the authority to accept or reject risk on behalf of the insurer.
AR Code § 23-64-403 (2020)
2020 Arkansas Code|Title 23 - Public Utilities and Regulated Industries|Subtitle 3 - Insurance|Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants|Subchapter 4 - Managing General Agents Act|§ 23-64-403. License — Surety requirements

 (a) No person, firm, association, limited liability company, or corporation shall act in the capacity of a managing general agent with respect to risks located in this state for an insurer licensed in this state unless the person is a licensed managing general agent in this state.  (b) No person, firm, association, limited liability company, or corporation shall act in the capacity of a managing general agent representing an insurer domiciled in this state with respect to risks located outside this state unless the person is licensed as a managing general agent in this state pursuant to the provisions of this subchapter. The license may be a nonresident license.  (c) The Insurance Commissioner may require the managing general agent to post a bond in an amount acceptable to him or her for the protection of the insurer.  (d) The commissioner may require the managing general agent to maintain an errors and omissions policy.  (e) The commissioner shall not require a license under this subchapter for insurers acting in the capacity of a managing general agent or agency in this state for risks located in this state, nor for acting for a domestic insurer with respect to risks located outside this state, so long as those insurers hold a subsisting certificate of authority listing the same lines of insurance as it will transact as a managing general agent or agency in this state.