Ark. Code Ann. § 22-9-405
Prohibition on directed suretyship
Year: 2026Length: 158 wordsSubsections: 2
(a) It is unlawful for any contracting body referenced in § 22-9-401 or any person acting on behalf of such contracting body to require a bidder or contractor to obtain or procure any surety bond from any particular insurance company or surety company, agent, or broker or to include surety bonds in an owner-controlled insurance program. (b) Any person who violates the provisions of this section is guilty of a Class A misdemeanor. Acts 2001, No. 771, § 1.
(a) It is unlawful for any contracting body referenced in § 22-9-401 or any person acting on behalf of such contracting body to require a bidder or contractor to obtain or procure any surety bond from any particular insurance company or surety company, agent, or broker or to include surety bonds in an owner-controlled insurance program.
(b) Any person who violates the provisions of this section is guilty of a Class A misdemeanor.
Acts 2001, No. 771, § 1.