1. (a)

   1. (1) The attention of all insurers and their agents is specifically directed to the provisions of the Arkansas Insurance Code:

      1. (A) Arkansas Code § 23-66-206, pertaining to misrepresentation of policy contracts;
      2. (B) Section 66-2215 (1-f), providing for suspension or revocation of insurer certificates of authority; and
      3. (C) Section 66-2835 (1-f), providing for revocation, suspension, or refusal to renew licenses of agents or brokers found to have used fraudulent or dishonest practices or trade practices prohibited by law.
   2. (2) The State Insurance Department will take such steps as are necessary to assure compliance with the provisions of the Arkansas Insurance Code dealing with fraud, misrepresentation, and other injurious practices in the disability insurance field.

2. (b)

   1. (1) Section 66-2811 (3-c) of the Arkansas Insurance Code requires all insurers to notify the Insurance Commissioner of the termination of any disability agent's license because of such agent's:

      1. (A) Misrepresentation of policies;
      2. (B) Acts of fraud; or
      3. (C) Any other reason.
   2. (2) The reasons for this are also required.
3. (c) Strict compliance with the provisions of this section is expected by the department.

Codification Notes: 1947, § 66-2215 was codified at Arkansas Code § 23-63-213. A.S.A. 1947, § 66-2835 was codified as Arkansas Code § 23-64-216. A.S.A. 1947, § 66-2811 was codified as Arkansas Code § 23-64-203.