23 CAR § 83-117
23 CAR § 83-117. Issuance of policies
Length: 101 wordsOfficial source
(a) All policies of credit life insurance and credit disability insurance shall be:
(1) Delivered or issued for delivery in this state only by an insurer authorized to transact insurance business therein; and
(2) Issued only through holders of licenses issued by the Insurance Commissioner.
(b) At least one (1) person so licensed shall be available in each location where credit insurance is offered, whether such insurance is offered on an individual or group basis.
(c) Attention is called to Arkansas Code 23-64-202(c)(6), which exempts applicants for licenses to sell credit insurance from the examination requirements of Arkansas Code § 23-64-202(b).