Arkansas Insurance Regulations Exam
With 100% Correct Answers 2024.
Performance bond amount
$50,000
The director must conduct an examination of every insurer at least once every
5 years
Fine for insurance code violations if no greater penalty is specified in the code:
Per violation
$1000
Fine for insurance code violations if no greater penalty is specified in the code:
Maximum per 6 month period
$50,000
Length of temporary producer license without requiring and examination if a licensed producer dies,
becomes disabled, or enters active military service.
180 Days
Non resident agent or broker must file change of address within
10 days
Non resident agent or broker must apply for resident license within
90 days
Agent age requirement
18 years old
Educational requirement per line of insurance authority
20 hours
Includes _______ hours on licensing & regulatory laws
5 hours
An expired license may be renewed within:
12 months of the expiration date
Maximum time for license suspension
With 100% Correct Answers 2024.
Performance bond amount
$50,000
The director must conduct an examination of every insurer at least once every
5 years
Fine for insurance code violations if no greater penalty is specified in the code:
Per violation
$1000
Fine for insurance code violations if no greater penalty is specified in the code:
Maximum per 6 month period
$50,000
Length of temporary producer license without requiring and examination if a licensed producer dies,
becomes disabled, or enters active military service.
180 Days
Non resident agent or broker must file change of address within
10 days
Non resident agent or broker must apply for resident license within
90 days
Agent age requirement
18 years old
Educational requirement per line of insurance authority
20 hours
Includes _______ hours on licensing & regulatory laws
5 hours
An expired license may be renewed within:
12 months of the expiration date
Maximum time for license suspension
