(a) A licensed agent may be licensed as a broker and be a broker as to insurers for which he or she is not then licensed as agent.
(b) A licensed broker may be licensed as and be an agent as to insurers appointing him or her as agent.
(c) The sole relationship between a broker and an insurer as to which he or she is then licensed as an agent, as to transactions arising during the existence of the agency appointment, shall be that of insurer and agent and not that of insurer and broker.
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