(a) No insurance producer, insurer, insurance consultant, or adjuster shall permit any person not properly licensed under this chapter to solicit, sell, negotiate, engage, consult, or adjust in the business of insurance on behalf of the insurance producer, insurer, insurance consultant, or adjuster.
(b)
(1) Unless he or she has complied with the Producer Licensing Model Act, § 23-64-501 et seq., a person shall not consult, counsel, or advise others on matters of insurance needs or coverages under any insurance policy or contract of insurance unless licensed under this section.
(2) Licensure of a salaried employee of the entity or entities for which he or she may consult or counsel on matters of insurance to that entity or entities shall not be required.
(c) No person may adjust claims as an adjuster without licensure under this chapter.
(d) Any license issued by the Insurance Commissioner, under this section, may be immediately suspended as per § 9-14-239 for failure to pay child support.
(e) All licensees or applicants for licensure under this section must notify the commissioner in writing within thirty (30) days of any filing of a criminal charge or conviction or plea of a criminal charge or the filing of any bankruptcy proceeding by or against them. Failure to so notify the commissioner may result in the immediate suspension of the license.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 64 - Licensees, Agents, Brokers, Adjusters, and Consultants
Subchapter 2 - Licensing and Appointment
§ 23-64-202. General qualifications for licensure — Exemptions — Definitions
§ 23-64-203. Testing, emergency suspension, and records
§ 23-64-204. Application for an insurance consultant's license
§ 23-64-205. Written examination
§ 23-64-207. Scope of broker's license and authority and insurance consultant's license
§ 23-64-209. Qualifications for adjuster's license
§ 23-64-214. Issuance of license — Form and content of license
§ 23-64-215. Continuance of license
§ 23-64-216. Suspension or revocation
§ 23-64-217. Procedure following suspension or revocation
§ 23-64-218. Return of license to Insurance Commissioner
§ 23-64-219. Appointment of agent — Continuation or termination of appointment
§ 23-64-220. Place of business — Maintenance of records — Definition
§ 23-64-223. Fiduciary duties of licensees
§ 23-64-224. Combination agent and broker license
§ 23-64-225. Excess or rejected business
§ 23-64-226. Termination rights of agents
§ 23-64-227. Appointment of Insurance Commissioner as agent for service of process
§ 23-64-230. Renewal of policies after agent's termination
§ 23-64-231. Settlement with terminated producers required
§ 23-64-232. Premium delinquencies — Definitions
§ 23-64-233. Limited license for self-service storage insurance — Definitions
§ 23-64-234. Travel insurance — Scope — Definitions — Licensing — Premium tax