Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-63-215. Certificate of authority--Period of suspension--Reinstatement

(1) A specific period is fixed by the Insurance Commissioner in the order of suspension; or

(2) The commissioner shortens or rescinds the suspension.

(b)(1) Unless in the order of suspension the commissioner waives payment of any fees, licenses, and taxes during the suspension, the insurer shall file its annual statement and pay fees, licenses, and taxes during the suspension as required under the Arkansas Insurance Code as if the certificate of authority had continued in full force.

(2) Upon reinstatement of a suspended insurer's certificate of authority, all fees, licenses, and taxes accumulated during the suspension are immediately due and payable.

(c)(1) If a suspension ends within the period a certificate of authority has not otherwise terminated, the certificate of authority shall automatically reinstate unless the commissioner finds that:

(2) If the commissioner finds that the certificate of authority does not automatically reinstate, the commissioner shall provide written notice and give the insurer thirty (30) days to remove the cause for suspension or otherwise comply with the Arkansas Insurance Code.

(3) If the certificate of authority is not automatically reinstated, the certificate of authority shall be deemed to have expired upon the earliest of:

(1) The authority of the insurer's agents in this state to represent the insurer is reinstated; and

(2) The commissioner shall promptly notify the insurer and its agents in this state of the reinstatement.