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AR HB1239
Bill
Status
Passed
3/17/2021
Primary Sponsor
Mark Lowery
Click for details
AI Summary
- Removes the prelicensure education exemption for insurance adjusters, requiring them to complete prelicensing education like other applicants
- Maintains the prelicensure education exemption only for insurance consultant applicants and nonresident producer and adjuster applicants from states with reciprocal licensing agreements with Arkansas
- Requires nonresident insurance producers, adjusters, and consultants to maintain an active license in good standing in their home state
- Provides for summary suspension of a nonresident's Arkansas license if their home state license becomes inactive, with written notice to the licensee and an opportunity to request a hearing within 30 days
- Approved March 17, 2021
Legislative Description
To Remove The Prelicensure Educational Requirements Exemption For An Insurance Adjuster; To Require A Nonresident Insurance Producer, Adjuster, Or Consultant To Maintain A License In Good Standing In The Licensee's Home State.
Last Action
Notification that HB1239 is now Act 397
3/17/2021
Committee Referrals
Insurance & Commerce3/4/2021
Insurance and Commerce1/25/2021
Full Bill Text
No bill text available