AR HB1177

Amends the Arkansas Franchise Practices Act to explicitly exclude insurance company-agent relationships from the definition of "franchise" and from coverage under the Act

Codifies Arkansas Supreme Court rulings in Gunn v. Farmers Ins. Exch. (2010) and Stockton v. Sentry Ins. (1999) that found the Act does not apply to insurance agents who solicit or sell insurance on behalf of insurance companies

Adds new language to Arkansas Code § 4-72-202(1) and § 4-72-203 specifying that business relations, actions, or transactions between insurance companies and their agents are excluded from the Act

Applies retroactively to the effective dates of Acts 1991, No. 411 and No. 760