Arkansas
Alan McClain
Arkansas Insurance Department
Appointments & Terminations
Yes
Yes
Within 15 days of contract execution or first business submission
Appointments must be submitted within 15 days of the date the agent/agency contract is executed or the first piece of business is submitted to the carrier
Yes
$20
$60
Yes
No
No
Yes
Required and may not be backdated more than 15 days, be in the future, or precede effective date of appointee license.
Yes
Via NIPR Portal
June 1, 2023 until June 30, 2023
Resident: $20 Non resident: $60
Yes
Yes
Yes
Voluntary termination; inadequate production; cancelled by general agent; death; company defunct or liquidation; company indebtedness; poor policyholder service; agent moved; appointed in error; cancelled; cancelled for cause; company merger; revoked; suspended for compliance
No
Not required (ignored) and is the date transaction is processed by the state
$10
Licensing
Resident New License Insurance Producer: $0 (when exam is required) Resident New License Insurance Producer: $70 (when exam is not required) Resident New License Surplus Lines Producer: $1,035 Non Resident New License Insurance Producer: $70 Non Resident New License Surplus Lines Producer: $1,035
Resident Renewal Insurance Producer: $70 Resident Renewal Surplus Lines Producer: $60 Non resident Renewal Insurance Producer: $70 Non resident Renewal Surplus Lines Producer: $60
90 days before expiration
Last day of birth month every 2 years based on year of first state license issue
Late renewal allowed up to one year after expiration
90 days before expiration
Last day of birth month every 2 years based on year of first state license issue
Late renewal allowed up to one year after expiration
For individual's business address only
No
Residence, Business, and Mailing
Title Agent, Risk Retention Group, Life Settlement Broker, Consultant, Insurance Producer, Life Settlement Provider, Surplus Lines Producer, Life and Disability, Adjuster, Crop Adjuster, Property and Casualty Insurer, Navigator, Certified Application Counselor, IPA Guide, Life Settlement Producer, Reinsurance Intermediaries Broker, Exchange Producer, Purchasing Group Broker
Yes
Included in Producer License Class. Insurers are not required to appoint Brokers per NAIC PLMA
To obtain a broker's license, an applicant must comply with the same licensing requirements as a producer
Yes
Before taking the examination, the applicant for an agent, or broker license must complete at least 20 hours of classroom instruction or electronic instruction taught by authorized instructors.
The applicant must submit a copy of the original pre-licensing education completion certificate, discussed in AR ADC 054.00.31 Appendices 3(A-E), to the exam vendor at the scheduled testing time.
Pre licensing must be taken no more than 2 years before taking the license exam.
An applicant for a new or additional line of authority will be exempt from the following requirements if the requirements were successfully completed within 2 years of the date of filing the application for the new or additional line: a. 5 hours of state insurance laws and rules; and b. 1 hour if ethics. The following applicants are exempt from pre-license education: a. consultant; b. surplus lines broker; and c. nonresident producer or adjuster from a state that engages in reciprocal licensing with Arkansas.
Yes – General background check
Not Required
NIPR Gateway
Appointment
Resident State Fees
No
Yes
Every licensee must notify the Commissioner, in writing, of any change in his/her mailing or residence address within 30 days of the change. Contact Change Request supported via NIPR Gateway.
Failure to notify the Commissioner will result in a $25 fee, payable to the Arkansas Insurance Department Trust Fund.
Agency
No
Yes
No
90 days prior to expiration date until September 30th (annually)
Yes
Yes
Main license meets requirements
Adjuster
Yes
Yes
Yes
AK, AL, AZ, CT, DE, FL, GA, ID, IN, KY, LA, ME, MI, MN, MS, MT, NC, NH, NM, NV, OK, OR, RI, SC, TX, UT, VT, WA, WV, WY
CA, HI, NY, PR
Property, Casualty, Workers' Compensation
Licensing Fee (without CE): $120 Licensing Fee (with CE): $140 Late Fee: $240
Yes
Late renewals are allowed up to 12 months after the license expiration date. Non residents are required to be CE compliant to renew
Biennially, on the individual's birthday.
Continuing Education
24
2 years
Last day of birth month
Year of first license issuance
Prior to license expiration.
90 days prior to month of birth
Individuals who are at least 60 years old and licensed prior to July 1, 2003, exemption must be requested. Individuals who have been actively licensed for at least 15 consecutive years, prior to July 1, 2003, exemption must be requested. Newly licensed individuals are exempt for the initial license period. After the first renewal of the license, CE shall be due on the licensee’s birth date biennially. Title agents instead must complete 6 hours with 1 hour of ethics annually by their birthday.
Licensee has one year from the date of your missed renewal to bring your license back to good standing. In the meantime, the state automatically terminates any carrier appointments in the state, and will need to pay a late licensure fee. If one is also behind on your CE requirements, there is an additional fee.
3
3 hours of NFIP course
8-hour initial certification, with 4 hours of LTC-specific training each renewal cycle thereafter
https://agentsync.io/blog/individual-producers/insurance-continuing-education-arkansas
Regulatory Updates
Arkansas Issues Bulletin Concerning Release of Criminal Investigations
Arkansas issues bulletin concerning release of criminal investigations. See attachment for full details.
Arkansas 2023 Company Appointment Renewals
Arkansas has released their 2023 Company Appointment Renewal dates. The renewal dates are 6/1/2023 - 6/30/2023. Electronic Termination Deadline is 5/24/2023 and the paper deadline is 5/1/2023
Arkansas Clarifies Producers Best Interest Standards
The Commissioner issues the reminder that the best interest of the producer is outlined in Section 6 of Arkansas Rule number 82. Expand to view Section 6 in the original announcement.
Arkansas Announces 2022 Company Renewal Dates
Arkansas announces that the renewal period is between 6/1/22 - 6/30/22.
NASAA Updates IAR CE Member Adoption list on its Website
NASAA provides an updated version of the IAR CE Member Adoption list on its website.
Arkansas finalizes their Pre-license Requirements Pertaining to Adjusters and Producers
Arkansas has finalized the required course of instruction requirements for adjusters and producers.
FAQs
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How Do I Get an Insurance License in Arkansas?
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How Do I Get a State Adjuster License in Arkansas?
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How do I renew my insurance license in Arkansas?
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How do I renew my non-resident insurance license in Arkansas?
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How Do I renew My Non-Resident Adjuster License in Arkansas?
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How Do I Renew My Adjuster License In Arkansas?