(a)
- (1) For issuance of a limited license, the applicant shall file a written application with the Insurance Commissioner for a limited license.
- (2) The application shall be signed by an officer of the applicant and contain such information as the commissioner may prescribe.
- (b) Pursuant to the administrative and regulatory fee in Arkansas Code § 23-61-706(b), the licensing fee for nonresident and resident rental companies shall be thirty-five dollars ($35.00) each year.
- (c) The license of rental companies shall be renewed each year on the anniversary date of licensure.