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054.00.35-6. LICENSE QUALIFICATIONS

AR ADC 054.00.35-6Arkansas Administrative Code

West's Arkansas Administrative Code
Title 054. Insurance Department
Division 00.
Rule 35. Agent License for Health Maintenance Organizations
Ark. Admin. Code 054.00.35-6
054.00.35-6. LICENSE QUALIFICATIONS
a. Every individual person applying for an agent license shall be qualified as follows:
1. Must be of legal age, or have the disabilities of minority removed by a Court of law for general purposes.
2. Must be a resident of this state or a licensed non-resident.
3. Must be appointed by a licensed Health Maintenance Organization or an applicant for said Certificate of Authority.
4. Must be deemed by the Commissioner to be competent, trustworthy, financially responsible and of good personal and business reputation.
5. Must pass such written disability examination or other appropriate examination as required by the Commissioner. Must complete required hours of pre-licensure education as is required by the Commissioner's Rule and Regulation 31, “Educational Requirements for Insurance Agents”.
6. Must file letter of certificate issued within ninety (90) days, evidencing the resident HMO agent license is current or in good standing from supervisory insurance official from state of domicile, if a nonresident.
b. Every corporate or partnership agency or limited liability company applying for an agent license shall be qualified as follows:
1. Must be domiciled in this state or a licensed non-resident.
2. Must file partnership articles or agreement, if a general or limited partnership, resident or nonresident. Must file registration from the Arkansas Secretary of State, if a limited Arkansas partnership.
3. Must file articles of incorporation duly certified by the proper domiciliary state official, if a resident or nonresident corporation. Must file a certificate of organization from the Arkansas Secretary of State if an Arkansas limited liability company. Must file registration if required by the Arkansas Secretary of State, if a foreign corporation.
4. Must be appointed by a licensed Health Maintenance Organization or an applicant for said Certificate of Authority.
5. Must file letters of certification issued within ninety (90) days evidencing the resident HMO agency licensure and each individual agent from that state is current or in good standing from supervisory insurance official from state of domicile, if a nonresident.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 054.00.35-6, AR ADC 054.00.35-6
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