27 CAR § 3-204. Issuance of self-insurance certificate

(a) The Office of Motor Vehicle may issue a certificate of self-insurance when it is satisfied that the applicant now possesses and will continue to possess the ability to pay judgments against them. (b) Once issued, the certificate of self-insurance authorizes the applicant to act as a self-insurer for either property damage or bodily injury, or both. (c) A taxicab or similar vehicle used for hire as described in Arkansas Code § 27-14-1501 or 27 CAR § 3-101 et seq., shall not be a self-insurer.