Ark. Updates Policy for Non-Resident Agent Licenses
Effective Sept. 30, 2004, the Arkansas Insurance Department will no longer require a non-resident individual to provide a current home state certification with a new license application or for a license renewal if the individual’s home state participates with Producer Database (PDB).
The department announced it has developed new software to perform an automatic lookup of the NIPR Producer, RIRS, and SAD databases, and therefore there is no need for home state license certifications on individuals.
However, the automatic lookup program does not work for business entities. “Business Entities” include corporate or partnership insurance agencies, limited liability companies (LLCs) and limited liability partnerships (LLPs) acting as insurance agencies; but not sole proprietorships.
Any new business entity license applications and license renewals must have a current home state certification attached to the new application or renewal form.
For more informaiton contact Fred Stiffler, director, License Division at (501) 371-2750 or fred.stiffler@arkansas.gov, or fax at (501) 683-2604.
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