Arkansas Code § 22-9-405 - Prohibition on Directed Suretyship

(a) It is unlawful for any contracting body referenced in ยง 22-9-401 or any person acting on behalf of such contracting body to require a bidder or contractor to obtain or procure any surety bond from any particular insurance company or surety company, agent, or broker or to include surety bonds in an owner-controlled insurance program.

(b) Any person who violates the provisions of this section is guilty of a Class A misdemeanor.

Section: Previous  22-9-402  22-9-403  22-9-404  22-9-405  

Last modified: November 15, 2016