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Checklist of Necessary Information for Reinsurance Intermediary Manager - Arkansas
Checklist of Necessary Information for Reinsurance Intermediary Manager is a legal document that was released by the Arkansas Insurance Department - a government authority operating within Arkansas.
FAQ
Q: What is a Reinsurance Intermediary Manager?
A: A Reinsurance Intermediary Manager is a licensed individual or entity that acts as a middleman between an insurance company and a reinsurer.
Q: Why is a Reinsurance Intermediary Manager necessary?
A: A Reinsurance Intermediary Manager is necessary to facilitate the reinsurance process, ensuring that insurance companies can access reinsurance coverage to manage their risk exposure.
Q: What are the licensing requirements for a Reinsurance Intermediary Manager in Arkansas?
A: In Arkansas, a Reinsurance Intermediary Manager must be licensed by the Arkansas Insurance Department and meet certain financial and professional requirements.
Q: What financial requirements must a Reinsurance Intermediary Manager meet in Arkansas?
A: A Reinsurance Intermediary Manager in Arkansas must demonstrate a minimum net worth of $100,000 and maintain a surety bond in the amount of $50,000.
Q: What professional requirements must a Reinsurance Intermediary Manager meet in Arkansas?
A: A Reinsurance Intermediary Manager in Arkansas must have at least 3 years of experience in insurance or reinsurance and pass a qualifying examination.
Q: How often must a Reinsurance Intermediary Manager renew their license in Arkansas?
A: A Reinsurance Intermediary Manager must renew their license annually in Arkansas.
Q: Are there any ongoing reporting requirements for a Reinsurance Intermediary Manager in Arkansas?
A: Yes, a Reinsurance Intermediary Manager in Arkansas must submit an annual report to the Arkansas Insurance Department.
Q: Can a Reinsurance Intermediary Manager have appointments with more than one insurer?
A: Yes, a Reinsurance Intermediary Manager in Arkansas can have appointments with more than one insurer.
Q: Is there a fee for obtaining a license as a Reinsurance Intermediary Manager in Arkansas?
A: Yes, there is a fee of $250 for obtaining a license as a Reinsurance Intermediary Manager in Arkansas.
Form Details:
- Released on May 1, 2015;
- The latest edition currently provided by the Arkansas Insurance Department;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of the form by clicking the link below or browse more documents and templates provided by the Arkansas Insurance Department.
Download Checklist of Necessary Information for Reinsurance Intermediary Manager - Arkansas
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