Form AID-LI-MGA43 "Managing General Agent Bond" - Arkansas

What Is Form AID-LI-MGA43?

This is a legal form that was released by the Arkansas Insurance Department - a government authority operating within Arkansas. Check the official instructions before completing and submitting the form.

Form Details:

  • Released on May 1, 2020;
  • The latest edition provided by the Arkansas Insurance Department;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form AID-LI-MGA43 by clicking the link below or browse more documents and templates provided by the Arkansas Insurance Department.

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Download Form AID-LI-MGA43 "Managing General Agent Bond" - Arkansas

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FORM AID-LI-MGA43 (5/20)
ARKANSAS INSURANCE DEPARTMENT
LICENSE DIVISION
1 COMMERCE WAY, SUITE 104
LITTLE ROCK, AR 72202
PHONE: 501-371-2750
FAX: 501-683-2604
MANAGING GENERAL AGENT BOND
KNOW ALL MEN BY THESE PRESENT:
THAT: ____________________________________________________________________________, as Principal,
and _____________________________________________, a Surety Company duly qualified and authorized to do
business in the State of Arkansas, are firmly bound unto the STATE OF ARKANSAS, One Hundred Thousand
($100,000) Dollars.
WHEREAS, said Principal has made application to be licensed by the Arkansas Insurance Department as a
Managing General Agent.
NOW THEREFORE, if said ___________________________________________________________________
shall be granted a license as a Managing General Agent and shall perform all the duties and obligations of a
Managing General Agent in accord with Arkansas Code Ann. 23-64-401 and the rules and regulations adapted by
the Arkansas Insurance Department, then this obligation is null and void; otherwise, to remain in full force and
effect.
It is understood and agreed that:
This bond may be cancelled by giving thirty (30) day written notice to the Arkansas Insurance Department.
This bond is not cumulative and the amount shown is the total liability of the Surety.
Suit on this bond must be filed within one year of date of cancellation of said bond.
WITNESS our hands and seals this _________day of __________________, 20___.
_____________________________________
Principal
______________________________________
Surety
______________________________________
Attorney-in-fact
FORM AID-LI-MGA43 (5/20)
ARKANSAS INSURANCE DEPARTMENT
LICENSE DIVISION
1 COMMERCE WAY, SUITE 104
LITTLE ROCK, AR 72202
PHONE: 501-371-2750
FAX: 501-683-2604
MANAGING GENERAL AGENT BOND
KNOW ALL MEN BY THESE PRESENT:
THAT: ____________________________________________________________________________, as Principal,
and _____________________________________________, a Surety Company duly qualified and authorized to do
business in the State of Arkansas, are firmly bound unto the STATE OF ARKANSAS, One Hundred Thousand
($100,000) Dollars.
WHEREAS, said Principal has made application to be licensed by the Arkansas Insurance Department as a
Managing General Agent.
NOW THEREFORE, if said ___________________________________________________________________
shall be granted a license as a Managing General Agent and shall perform all the duties and obligations of a
Managing General Agent in accord with Arkansas Code Ann. 23-64-401 and the rules and regulations adapted by
the Arkansas Insurance Department, then this obligation is null and void; otherwise, to remain in full force and
effect.
It is understood and agreed that:
This bond may be cancelled by giving thirty (30) day written notice to the Arkansas Insurance Department.
This bond is not cumulative and the amount shown is the total liability of the Surety.
Suit on this bond must be filed within one year of date of cancellation of said bond.
WITNESS our hands and seals this _________day of __________________, 20___.
_____________________________________
Principal
______________________________________
Surety
______________________________________
Attorney-in-fact