(a) Each surplus lines broker shall keep in his or her office a full and true record of each of his or her surplus lines contracts procured within this state where this state is the home state of the insured, including a copy of the daily report, if any, and showing the following items as applicable:
(1) Amount of the insurance;
(2) Gross premium charged;
(3) Return premium paid, if any;
(4) Rate of premium charged upon the several items of property;
(5) Effective date of the contract and the contract terms;
(6) Name and address of the insurer;
(7) Name and address of the insured;
(8) Brief general description of property insured and where located; and
(9) Other information as required by the Insurance Commissioner.
(b) The records shall be open to examination by the commissioner and shall be kept available and open to inspection by the commissioner for the next five (5) years following the termination of the contracts.
Structure Arkansas Code
Title 23 - Public Utilities and Regulated Industries
Chapter 65 - Unauthorized Insurers and Surplus Lines
Subchapter 3 - Surplus Lines Insurance Law
§ 23-65-303. Insurer not admitted
§ 23-65-305. Conditions of procurement
§ 23-65-307. Endorsement of contract
§ 23-65-308. Licensing of surplus lines broker
§ 23-65-309. Acceptance of business from agents by surplus lines brokers
§ 23-65-310. Surplus lines in solvent insurers
§ 23-65-311. Evidence of insurance — Changes
§ 23-65-312. Liability of insurer as to losses and unearned premiums
§ 23-65-313. Records of brokers
§ 23-65-314. Quarterly statement
§ 23-65-316. Penalty for failure to file quarterly statement or remit tax
§ 23-65-317. Revocation of broker's license
§ 23-65-318. Action against insurer — Service of process