Penalties and liabilities.
Ark. Code Ann. § 23-63-1314
in effect(a) If the Insurance Commissioner, after a hearing conducted according to § 23-61-301 et seq., finds that an insurer or a person has violated this subchapter, the commissioner may order:
(1) For each separate violation, a penalty of one thousand dollars ($1,000) or if the commissioner has found willful misconduct or willful violation, a penalty of five thousand dollars ($5,000); and
(2) Revocation or suspension of the insurer's or person's license.
(b) The decision of the commissioner under subsection (a) of this section is subject to judicial review under § 23-61-307.
(c) This section does not affect the right of the commissioner to impose other penalties provided for in the insurance laws.
Source: Public.Resource.Org / UniCourt, Official Code of Arkansas Annotated, Release 78 (2020) (unicourt.github.io/cic-code-ar)URL: https://unicourt.github.io/cic-code-ar/transforms/ar/ocar/r78/gov.ar.code.title.23.htmlFetched: 11/8/2026