Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-65-401. Agreement authorized--Requirements

(1) Determining the home state for surplus lines insurers and surplus lines brokers;

(2) Establishing the record requirements for surplus lines brokers;

(3) Audit procedures;

(4) The exchange of information;

(5) Uniform criteria for eligibility of insurers and eligibility for licensing of surplus lines brokers;

(6) Reporting requirements and reporting periods;

(7) Methods for collecting and forwarding surplus lines taxes;

(8) Penalties to another jurisdiction; and

(9) Rules to facilitate the administration of the multistate agreement or compact.

(1) Shall not preclude the commissioner from auditing the records of a person subject to this subchapter;

(2) Is not effective until filed with the commissioner; and

(3) Shall have the same effect as enacted legislation.