Ark. Code Ann. § 23-93-204: Issuance of license

The State Insurance Department shall issue a license upon its affirmative determination that all of the following requirements have been met:

(1) The provider can fulfill its obligation under the life care contract if the resident complies with the terms of the offer;

(2) There is reasonable assurance that all proposed improvements can be completed as represented;

(3) The provider, its officers, and principals have not been convicted of a crime in this state, the United States, or any other state or foreign country within the past ten (10) years, the seriousness of which in the opinion of the department warrants the denial of a permit;

(4) The provider, its officers, and principals have not been subject to any permanent injunction or final administrative order restraining a false or misleading plan involving a facility disposition, the seriousness of which in the opinion of the department warrants the denial of a permit; and

(5) The disclosure statement requirements of the Continuing Care Provider Regulation Act, § 23-93-101 et seq., have been satisfied.