(a)

1. (1) All professional bail bond company licenses issued pursuant to Arkansas Code § 17-19-101 et seq., expire on December 31 each year.
2. (2) Renewal of professional bail bond company and professional bail bondsman licenses is required prior to December 31 to prevent expiration.

(c)

1. (1) Renewal packets received after December 1 will be processed.
2. (2) However, a penalty of one hundred dollars ($100) per day will be assessed until the packet is received, beginning December 2 and continuing through December 31.

(d)

1. (1) Company and bondsman renewal applications received after December 15 but prior to December 31 will be processed on the corresponding day in January of the following year. Example: Packet received December 16 will be processed on January 16 of next year.
2. (2) No bonds shall be issued by any company or bondsman after December 31 until the new license is issued and received by the bail bond company or bondsman.

(e)

1. (1) Renewal applications for a professional bail bond company or for a professional bail bondsman license received after December 31 will be treated as applications for initial license.
2. (2) All such applicants will be treated as applicants for a new license and will have to complete the entire licensing process.

(g)

1. (1) Bondsmen who fail to complete the required continuing education program will not be relicensed for the upcoming year.
2. (2) Those bondsmen desiring to have their licenses reinstated must attend a continuing education class offered in the current licensing year before a license will be issued.
3. (3) A second continuing education class must be attended in order for the bondsman to obtain a license for the following year.