- (a) All bonds required to be filed with the Contractors Licensing Board pursuant to Arkansas Code § 17-25-401 et seq. shall be made by surety companies which have qualified and are authorized to do business in the State of Arkansas.
- (b) The bonds shall be executed by a resident or nonresident agent, broker, or producer licensed by the Insurance Commissioner to represent the surety company executing the bond and shall file with the bond the agent's, broker’s, or producer’s power of attorney to demonstrate his or her authority.