(a)
(1) All licenses issued under this chapter, although issued and delivered to the licensee, shall at all times be the property of the State of Arkansas.
(2) Upon any expiration, termination, suspension, or revocation of the license, the licensee or other person having possession or custody of the license shall immediately deliver it to the Insurance Commissioner either by personal delivery or by mail.
(b) As to any license lost, stolen, or destroyed while in the possession of any licensee or person, the commissioner may accept, in lieu of return of the license, the affidavit of the licensee or other person responsible for or involved in the safekeeping of the license concerning the facts of the loss, theft, or destruction.
(c) Any licensee who ceases to maintain his or her residence in this state shall deliver his or her insurance license to the commissioner within ten (10) days after terminating his or her residency.
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