(a) Suspension or revocation of an insurer's certificate of authority shall be by the Insurance Commissioner's order given to the insurer as provided by § 23-61-109.
(b) The commissioner shall promptly also give notice of the suspension or revocation to the insurer's agents in this state of record in the commissioner's office.
(c) The insurer shall not solicit or write any new business in this state during the period of any suspension or revocation. Provided, however, the insurer shall be allowed to renew and service existing policies and contracts during the period of any suspension, unless limited by the commissioner by his or her order or by court order.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 63 - Insurance Companies Generally
Subchapter 2 - Authority To Do Business
§ 23-63-201. Certificate of authority required — Exceptions
§ 23-63-202. Certificate of authority — Eligibility generally
§ 23-63-203. Certificate of authority — Eligibility — Name of insurer
§ 23-63-204. Certificate of authority — Eligibility — Combinations of kinds of insurance
§ 23-63-205. Certificate of authority — Eligibility — Capital funds
§ 23-63-206. Certificate of authority — Deposit of securities required
§ 23-63-207. Certificate of authority — Eligibility — Special surplus
§ 23-63-208. Certificate of authority — Eligibility — Lloyd's plan insurers
§ 23-63-209. Certificate of authority — Application
§ 23-63-210. Certificate of authority — Issuance
§ 23-63-211. Certificate of authority — Continuance, expiration, amendment, or surrender
§ 23-63-212. Certificate of authority — Mandatory suspension or revocation
§ 23-63-213. Certificate of authority — Suspension or revocation for certain violations
§ 23-63-214. Certificate of authority — Notice of suspension or revocation
§ 23-63-215. Certificate of authority — Period of suspension — Reinstatement