TO AMEND THE LAW CONCERNING MISCELLANEOUS PROHIBITED PRACTICES UNDER THE ARKANSAS INSURANCE CODE; AND TO CLARIFY FEES COLLECTED BY CERTAIN BROKERS.

SB 76 amends Arkansas insurance law to regulate fees charged by licensed property and casualty insurance agents and brokers. The bill requires brokers to clearly disclose any additional fees on customer invoices and limits total fees plus commissions to 20% of the policy's gross premium. It specifically exempts fees related to surplus lines brokers who refer risks to specialized brokers. This law directly affects insurance brokers and agents in Arkansas by standardizing fee transparency and capping their combined compensation structure.