Arkansas Code § 23-65-306 - Brokers' Affidavits

(a) At the time of the procuring of surplus lines insurance in this state, when this state is considered the home state of the insured, the surplus lines broker shall:

(1) Execute an affidavit on a form prescribed by the Insurance Commissioner;

(2) Provide any information that the commissioner shall require;

(3) State facts referred to in ยงยง 23-65-313 and 23-65-314; and

(4) File the affidavit with the commissioner within sixty (60) days following the end of the month in which the insurance was procured.

(b) Affidavits or reports filed under this section are not subject to public inspection unless the commissioner determines that the public interest or the welfare of the filing broker requires otherwise.

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Last modified: November 15, 2016