§ 23-93-206 - Fees. - Arkansas Statutes

23-93-206. Fees.

(a) (1) An application for a license shall consist of a statement containing the items set forth in this subchapter, together with a filing fee in the amount of four hundred dollars ($400) plus forty dollars ($40.00) per living unit made payable to the Treasurer of State.

(2) In the event living units are added during the application process, an additional fee of forty dollars ($40.00) per living unit shall be paid.

(b) (1) Upon receipt of the complete application for a license, the State Insurance Department shall issue a notice of filing to the applicant within ten (10) business days.

(2) Within ninety (90) days of the notice of filing, the department shall enter an order issuing the license or rejecting the application.

(c) (1) If the Insurance Commissioner determines that any of the application requirements have not been met, the commissioner shall notify the applicant that the application must be corrected within thirty (30) days in those particulars designated by the commissioner.

(2) (A) If the requirements are not met within the time allowed, the commissioner may enter an order rejecting the application. The order shall include the finding of fact upon which the order is based and which shall not become effective until twenty (20) days after the end of the thirty-day period.

(B) During the twenty-day period, the applicant may petition for reconsideration and is entitled to a hearing.

(d) If a facility is accredited by a process approved by the commissioner as substantially equivalent to the requirements of this subchapter, then the facility shall be deemed to have met the requirements of this subchapter and the commissioner shall issue a license to the facility.