Ark. Code Ann. § 23-14-112: Certificates - Security for protection of public required

No certificate shall be issued to a common carrier by aircraft or remain in force unless the carrier complies with such reasonable rules as the Arkansas Department of Transportation shall prescribe governing the filing and approval of surety bonds, policies of insurance, qualifications as a self-insurer, or other securities or agreements, in such reasonable amount and conditioned as the department may require.