Arkansas Property & Casualty Insurance License Exam — All Questions

Which agency issues resident property and casualty producer licenses in Arkansas?

• a.Arkansas Department of Motor Vehicles
• b.The federal National Association of Insurance Commissioners
• c.Arkansas Insurance Department✓
• d.Arkansas Secretary of State

Arkansas's insurance regulator is the Arkansas Insurance Department, led by the Insurance Commissioner. It issues producer licenses and enforces the state insurance code — not the DMV, the Secretary of State, or the NAIC.

After a producer is licensed in Arkansas, what must occur before he or she can transact business for a specific insurer?

• a.Nothing further; the license alone authorizes representing any insurer
• b.The producer must post a personal surety bond with the state treasurer
• c.The producer must first sell ten policies as a supervised trainee
• d.The insurer must appoint the producer and file that appointment with the Arkansas Insurance Department✓

A license lets a person act as a producer, but to represent a particular company the insurer must appoint the producer and file the appointment with the Arkansas Insurance Department. A producer may hold appointments from several insurers at once.

Which statement best describes Arkansas's continuing education (CE) requirement for resident P&C producers?

• a.CE is required only in the first renewal cycle and never again
• b.CE can be satisfied only by retaking the state licensing examination
• c.No CE is ever required once the license is issued
• d.State-approved CE, including an ethics component, must be completed each renewal period to keep the license active✓

Like other NAIC-model states, Arkansas requires resident producers to complete approved CE each renewal cycle, including a required ethics portion, plus the renewal fee. Exact hour totals are set by the Arkansas Insurance Department; confirm the current hours before renewing.