Arkansas Property & Casualty Insurance License Exam — All Questions
3 questions
Which agency issues resident property and casualty producer licenses in Arkansas?
- a.Arkansas Insurance Department✓
- b.Arkansas Department of Motor Vehicles
- c.Arkansas Secretary of State
- d.The federal National Association of Insurance Commissioners
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 insurer must appoint the producer and file that appointment with the Arkansas Insurance Department✓
- c.The producer must first sell ten policies as a supervised trainee
- d.The producer must post a personal surety bond with the state treasurer
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.No CE is ever required once the license is issued
- b.CE is required only in the first renewal cycle and never again
- c.State-approved CE, including an ethics component, must be completed each renewal period to keep the license active✓
- d.CE can be satisfied only by retaking the state licensing examination
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.