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Arkansas inland marine insurance and the rating statute

Arkansas Insurance Department Bulletin 13-2024 says the rating standards in Ark. Code Ann. § 23-67-208 apply to fire, marine, and inland marine insurance, and to combinations of those forms, regardless of the methodology used to produce the rate. A producer who wants a casualty line of authority must complete at least 20 hours of prelicense instruction that includes one hour on ocean marine and inland marine, listed apart from general liability. Neither rule tells you what a floater covers. 1,2

What Is Tools, Equipment And Inland Marine?

If your business moves equipment between sites or ships goods, inland marine can cover those property exposures; installation and other forms address different property categories. Match the quote to what you own, rent or hold for others. Read the national Tools, equipment and inland marine guide.

What to Watch for in Arkansas

  • Inland Marine Rates Still Have to Meet the Statute

    Bulletin 13-2024, issued July 31, 2024, says an insurer must assure that rates, rating rules, and rating plans are not excessive, inadequate, or unfairly discriminatory under § 23-67-208. The bulletin applies that duty to inland marine and says the standard does not change because the insurer uses artificial intelligence or another methodology. Ask the broker which rating plan produced the quote, and do not treat a non-filed inland marine form as unregulated. 1

  • Travel Insurance Was Added to the Marine Section

    A 2019 act added travel insurance, as defined in § 23-64-234, as a third subdivision of the marine-insurance section. The full current text of § 23-62-107, including any domestic-shipment or contractors-equipment subclasses, was not opened. Do not assume a travel policy and a contractors-equipment floater are the same filing. 3

  • The License Course Treats Inland Marine as Its Own Hour

    Current 23 CAR § 14-103 requires a casualty-line applicant to take one hour on ocean (wet marine) and inland marine insurance, separate from the general-liability hour. That is a producer-education rule. It does not set a minimum limit for tools, cargo, or rented equipment. Ask which form schedules your items and which perils it leaves out. 2

Who Regulates Insurance in Arkansas

Arkansas Insurance Department

The Arkansas Insurance Department licenses resident and nonresident producers and business entities, accepts insurance complaints, and provides links to company and producer license searches. It operates as a division of the Arkansas Department of Commerce. 4,5,9,6

Surplus-lines tax and stamping office

Reported tax rate: 4% when Arkansas is the insured's home state Arkansas's broker filing instructions set a 4% surplus-lines tax. Federal law assigns nonadmitted-insurance regulation and tax to the insured’s home state; for a multistate policy, ask your broker to show the home state and the premium allocation used for the Arkansas filing. Arkansas law requires the contract to disclose that the state's property-and-casualty guaranty protection does not apply. 7,8,10

Providers With Documented State Licenses

These providers publish a national listing for Tools, equipment and inland marine; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Arkansas. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • TechInsuranceSpecialty Program Group LLCInsurance producer · checked 2026-09-28TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. 16TechInsurance arranges inland marine coverage for contractors’ tools and equipment.

Questions to Ask Before You Buy in Arkansas

  1. Is this quote inland marine, travel insurance, or a combination, and which rating plan was used?
  2. Which items are scheduled, and which are blanket, including rented equipment?
  3. Does the form cover tools in a vehicle overnight, or only while at a job site?

Tools, Equipment And Inland Marine in Arkansas: FAQ

Can an Arkansas insurer skip the rating statute because inland marine was priced by software? 1

No. Bulletin 13-2024 says § 23-67-208 applies to inland marine rates, rating rules, and rating plans regardless of methodology, including artificial intelligence. 1

Does the Arkansas prelicense hour set how much inland marine a contractor must buy? 2

No. The rule requires one hour of instruction on ocean and inland marine for a casualty line of authority. It does not set a coverage limit. 2

Tools, Equipment And Inland Marine in Other States

Other Coverage in Arkansas

Sources

  1. Bulletin 13-2024, Use of Artificial Intelligence Systems in Insurance. Arkansas Insurance Department; July 31, 2024: § 23-67-208 applies to fire, marine, and inland marine. Accessed 2026-09-29.
  2. 23 CAR § 14-103 Prelicense education. Arkansas Insurance Department; Casualty line: at least 20 hours, including one hour on ocean and inland marine. Accessed 2026-09-29.
  3. SB399 (2019), marine insurance amendment. Arkansas General Assembly; Section 1 adds travel insurance as Ark. Code § 23-62-107(3). Accessed 2026-09-29.
  4. Arkansas Insurance Department. Arkansas Insurance Department; Official agency homepage. Accessed 2026-09-28.
  5. Licensing. Arkansas Insurance Department; Licensing Division guidance and state-based systems lookup for Arkansas agent and agency licensees. Accessed 2026-09-28.
  6. File A Complaint. Arkansas Insurance Department; Online complaint filing for insurance providers, including agents and companies. Accessed 2026-09-28.
  7. Surplus Lines Brokers Filing. Arkansas Insurance Department; Current broker filing instructions state that 4% broker tax must be remitted. Accessed 2026-09-28.
  8. 23 CAR § 201-104: Endorsement of contract. Arkansas Code of Rules; Required surplus-lines contract disclosure: no Arkansas P&C Guaranty Act protection and 4% tax collected from insured. Accessed 2026-09-28.
  9. 15 U.S.C. § 8202: Regulation of nonadmitted insurance by insured's home State. U.S. House of Representatives, Office of the Law Revision Counsel; § 8202(a): nonadmitted placement is subject solely to insured's home-State requirements, except as otherwise provided; § 8201 addresses exclusive home-State tax authority. Accessed 2026-09-28.
  10. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  11. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  12. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  13. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  14. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  15. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  16. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

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