(a) This part shall apply to:
- (1) All applicants seeking a title insurance agent or agency license under the Arkansas Title Insurance Act, Arkansas Code § 23-103-401 et seq.; . (2) Title insurance agents or agencies previously licensed pursuant to the repealed Arkansas Title Insurance Agents' Licensing Act, Arkansas Code § 23-103-101 et seq. [repealed], who continue to meet all the residency and other requirements of the Arkansas Title Insurance Act and this part, effective January 1, 2008; and
- (3) Title insurers, title insurance agents, and title insurance agencies.
(b) The following are exempt from this part:
- (1) In accordance with Arkansas Code § 23-103-402(11)(B), an individual employed by a licensee under the Arkansas Title Insurance Act who does not sell or negotiate title insurance, but performs marketing duties under the supervision of a title agent;
- (2) In accordance with Arkansas Code § 23-103-402(11)(B), an individual employed by a resident licensee under the Arkansas Title Insurance Act who is a closing agent and does not solicit, sell, or negotiate title insurance; and
- (3) Those not required to have a license under the Arkansas Title Insurance Act.
Codification Notes: The Arkansas Title Insurance Agents’ Licensing Act, Arkansas Code § 23-103-101 et seq., was repealed by Acts 2007, No. 684, § 8.