Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-94-213. Duty of agents or brokers to obtain license

(1) Any person acting, or offering to act, as an agent or broker for a registered purchasing group which solicits members, sells insurance coverage, purchases coverage for its members located within the state, or otherwise doing business in this state shall, before commencing any such activity, obtain a resident or nonresident purchasing group broker license from the commissioner upon completion of the licensing provisions as to resident and nonresident agents or brokers under § 23-64-101 et seq., §§ 23-64-201--23-64-205, 23-64-207, 23-64-209, 23-64-210, 23-64-214--23-64-221, 23-64-223--23-64-227, and the Producer Licensing Model Act, § 23-64-501 et seq., except as they conflict with the provisions of the Liability Risk Retention Act of 1986, before securing the purchasing group's coverage with an authorized insurer or a registered risk retention group. This requirement shall not be applicable to property and casualty agents or brokers duly licensed by this state as to the authorized insurer or risk retention group issuing the purchasing group's coverage, so long as these licenses comply with other provisions of this subchapter.

(2) Any person acting, or offering to act, as an agent or broker for a purchasing group registered in Arkansas and procuring insurance from an approved nonadmitted surplus lines insurer shall either:

(3) The provisions of this section shall be in conformity with the provisions of this subchapter, § 23-64-101 et seq., §§ 23-64-201--23-64-205, 23-64-207, 23-64-209, 23-64-210, 23-64-214--23-64-221, 23-64-223--23-64-227, the Producer Licensing Model Act, § 23-64-501 et seq., and the Surplus Lines Insurance Law, § 23-65-301 et seq., except as they conflict with the provisions of the Liability Risk Retention Act of 1986.