23 CAR § 43-507 – Certificates of compliance

(a) Upon request of an insurer or other licensed organization or individuals, and to assist such licensees with licensure and registration in other states or with federal programs, the State Insurance Department may issue certificates of compliance (COCs) for licensees.
(b)
1. (1) The issuance or denial by the department of a COC:
  1. (A) Shall not be considered an adjudicative proceeding under this part; and
  2. (B) Shall be granted or denied based upon whether the licensee is under good standing with the department’s:
(i) Accounting Division;
1. (ii) Finance Division; and
  1. (iii) Legal Division.
2. (2) “Good standing” means that the licensee:
  1. (A) Is current as to all required payment of fees or taxes imposed by the department;
  2. (B) Is not delinquent as to required financial and licensure filings; and
  3. (C) Has not shown a history within the last five (5) years of violations of the Arkansas Insurance Code or department’s administrative rules as reflected in department-issued orders.