Arkansas License Test Arkansas Insurance License 2

Question 1

How often must Arkansas insurance producer licenses be renewed?

Accepted Answer

Every 2 years

Answer

Every year

Answer

Every 3 years

Answer

Every 5 years

Question 2

How many continuing education credits must Arkansas-licensed insurance producers complete per renewal period?

Accepted Answer

24 credits

Answer

12 credits

Answer

30 credits

Answer

40 credits

Question 3

Of the required continuing education credits, how many must be in ethics for Arkansas insurance producers?

Accepted Answer

3 hours

Answer

0 hours

Answer

6 hours

Answer

12 hours

Question 4

Which of the following actions can cause an Arkansas insurance license to be suspended or revoked?

Accepted Answer

Misrepresenting the terms of an insurance policy to a customer

Answer

Selling a policy to a family member

Answer

Failing to memorize all policy details

Answer

Changing insurance companies as an agent

Question 5

An Arkansas non-resident insurance producer license is available to producers licensed in their home state under which principle?

Accepted Answer

Reciprocity

Answer

Federal insurance parity

Answer

Concurrent jurisdiction

Answer

Home state priority

Question 6

What must an Arkansas insurance producer do when they change their mailing address?

Accepted Answer

Notify the Arkansas Insurance Department within 30 days

Answer

Nothing; address changes are optional

Answer

Apply for a new license with the updated address

Answer

Only inform their insurance company employer