(a) All policies of credit life insurance and credit disability insurance shall be:
- (1) Delivered or issued for delivery in this state only by an insurer authorized to transact insurance business therein; and
- (2) Issued only through holders of licenses issued by the Insurance Commissioner.
- (b) At least one (1) person so licensed shall be available in each location where credit insurance is offered, whether such insurance is offered on an individual or group basis.
- (c) Attention is called to Arkansas Code 23-64-202(c)(6), which exempts applicants for licenses to sell credit insurance from the examination requirements of Arkansas Code § 23-64-202(b).