- (a) No person shall act as an insurance manager or reinsurance intermediary for captive business in or from within this state without the authorization of the Insurance Commissioner.
- (b) Application for such authorization must be on a form prescribed by the commissioner.
(c) Any person who engages in the insurance or reinsurance business as a producer, agent, or broker for a captive insurance company shall be:
- (1) Licensed as such pursuant to Chapter 64 of Title 23 of the Arkansas Code; and
- (2) Authorized as such by the commissioner.