Arkansas Code Title 23, Subtitle 3, Chapter 65, Subchapter 3 - Surplus Lines Insurance Law

• § 23-65-301 - Title.
  This subchapter shall be known and may be cited as the "Surplus Lines Insurance Law".
• § 23-65-302 - Exceptions.
  This subchapter shall not apply to reinsurance or to the following insurances when so placed by licensed agents or brokers of this state: (1)...
• § 23-65-303 - Insurer Not Admitted.
  (a) The permission granted in this law to place any insurance in a nonadmitted insurer shall not be deemed or construed to authorize that...
• § 23-65-304 - Definitions.
  As used in this subchapter: (1) "Affiliated group" means a group of entities in which each entity, with respect to an insured, controls, is...
• § 23-65-305 - Conditions of Procurement.
  (a) If certain insurance coverages cannot be procured from authorized insurers, coverage designated "surplus lines" may be procured from unauthorized insurers subject to the...
• § 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...
• § 23-65-307 - Endorsement of Contract.
  An insurance contract procured on behalf of an insured whose home state is this state and delivered as surplus lines coverage under this subchapter...
• § 23-65-308 - Licensing of Surplus Lines Broker.
  (a) If an insured's home state is this state, a person shall not procure a contract of surplus lines insurance with a nonadmitted insurer...
• § 23-65-309 - Acceptance of Business From Agents by Surplus Lines Brokers.
  A licensed surplus lines broker may accept and place surplus lines business for an insurance agent or broker licensed in this state for the...
• § 23-65-310 - Surplus Lines in Solvent Insurers.
  (a) A surplus lines broker shall place surplus lines insurance only with insurers that have been approved by the Insurance Commissioner.(b) (1) The commissioner...
• § 23-65-311 - Evidence of Insurance -- Changes.
  (a) (1) Upon placing a surplus lines coverage, the broker shall promptly issue and deliver to the insured evidence of the insurance, consisting either...
• § 23-65-312 - Liability of Insurer As to Losses and Unearned Premiums.
  (a) (1) If a surplus lines risk has been assumed by an unauthorized insurer under this subchapter and the premium has been received by...
• § 23-65-313 - Records of Brokers.
  (a) Each surplus lines broker shall keep in his or her office a full and true record of each of his or her surplus...
• § 23-65-314 - Quarterly Statement.
  (a) On or before March 1, June 1, September 1, and December 1 of each year, a surplus lines broker shall file with the...
• § 23-65-315 - Tax on Brokers.
  (a) No later than sixty (60) days following the end of the month in which surplus lines insurance was procured, the surplus lines broker...
• § 23-65-316 - Penalty for Failure to File Quarterly Statement or Remit Tax.
  (a) (1) If a surplus lines broker fails to file his or her quarterly statement by the due dates in § 23-65-314, he or...
• § 23-65-317 - Revocation of Broker's License.
  (a) The Insurance Commissioner shall revoke a surplus lines broker's license: (1) If the broker fails to file his or her quarterly statement or...
• § 23-65-318 - Action Against Insurer -- Service of Process.
  (a) When this state is the home state of the insured, an unauthorized insurer may be sued upon any cause of action arising in...
• § 23-65-319 - Withdrawal of Approval.
  (a) The Insurance Commissioner may remove an approved surplus lines insurer if the commissioner has reason to believe that the insurer: (1) Is in...
• § 23-65-320 - Domestic Surplus Lines Insurers.
  (a) A domestic insurer possessing policyholder surplus of at least twenty million dollars ($20,000,000) may be: (1) Designated as a domestic surplus lines insurer...

Last modified: November 15, 2016