Ark. Code Ann. § 22-9-402

Authorized bonding companies — Agents

Acts 1929, No. 368, § 2; 1935, No. 82, § 2; Pope's Dig., §§ 959, 7772, 8005, 8884; A.S.A. 1947, § 14-605; Acts 1991, No. 1086, § 1; 2001, No. 980, § 1; 2005, No. 236, § 1; 2013,…

(1) All bonds enumerated in § 22-9-401 and bid bonds enumerated in § 19-4-1405 shall be made by surety companies that have qualified and are authorized to do business in the State of Arkansas and are listed on the current United States Department of the Treasury's Listing of Approved Sureties.

(2) The bonds shall be executed by a resident or nonresident agent.

(3) The resident or nonresident agent shall: Be licensed by the Insurance Commissioner to represent the surety company executing the bond; and

(4) File with the bond the power of attorney of the agent to act on behalf of the bonding company.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.