(a) Unless the license of an insurance adjuster or an insurance consultant is not renewed, expires, is suspended, is revoked, or is terminated, the licensee may continue the license by:
(1) Paying annually or biennially the continuation of license fee prescribed by rule of the Insurance Commissioner; and
(2) Complying with all other rules of the commissioner for continuing the license.
(b)
(1) A licensee who allows his or her license to lapse may reinstate the license within twelve (12) months after the due date of the continuation of license fee without the necessity of passing a written examination.
(2) However, a penalty in the amount of double the unpaid continuation of license fee shall be required for any continuation of license fee received after the due date.
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