Free Arkansas Insurance FAQs | Free Arkansas Insurance Legal Documents

Does My Application Have To Be Notarized?

Tue, 29 May 2007 21:19:00 GMT

Yes. Applications must be notarized and a company official on record must complete the Sponsor`s Certification with the Insurance Department as being authorized to appoint/terminate agents for that particular company. The official signing the application must print or type their name under their signature. Applications must be notarized within the last 30 days of turning them in.

How Long Is An Examination Permit Good For?

Tue, 29 May 2007 21:19:00 GMT

An examination permit is good for only 90 days. A new application and a new set of fees will be required if the applicant has not taken the examination during that period of time.

Must I Include A Bond With My Application?

Tue, 29 May 2007 21:19:00 GMT

Broker Applicants only must include an original bond in the amount of $25,000. The form itself may be a photocopy but it must include original signatures.
Surplus Lines Broker Applicants only must include an original bond in the amount of $50,000. The form itself may be a photocopy but it must include original signatures.

Must I Take Any Pre-Licensing Education Prior To Taking The Examination?

Tue, 29 May 2007 21:19:00 GMT

Applicants taking the Life, Disability, and/or Multiline examinations must present a certification of completion of prelicensing education at the examination site or the applicant will not be allowed to take the examination and must pay a new examination fee.

What Application Form Do I Need?

Tue, 29 May 2007 21:19:00 GMT

The following chart lists the different types of applications and the fees for each application. Applicants must complete the correct application and include the correct fee. Fees must be made payable to Assessment Systems, Inc. and must be in the form of a cashier`s check, company check, or money order. No cash, personal checks, or credit cards will be accepted

Application Type	Total Fee	Proper Application
Agent Application 1 Exam	$82	I55 ABC
Agent Application 2 Exams	$94	I55 ABC
Broker Application 1 Exam	$112	I55 ABC
Broker Application 2 Exams	$124	I55 ABC
Broker Application Surplus Lines	$1105	I55 SL
Consultant Application 1 Exam	$122	I55 ABC
Consultant Application 2 Exams	$134	I55 ABC
Adjuster Application 1 Exam	$122	I55 ADJ
Adjuster Application 2 Exams	$134	I55 ADJ
Adjuster Application 3 Exams	$146	I55 ADJ

The above listed fees include all initial Arkansas licensing fees and the initial examination fee. These fees are fully earned when the application is processed. These fees are not refundable.

What Are The Basic Requirements To Become Licensed To Deal In Insurance?

Tue, 29 May 2007 21:19:00 GMT

The actual requirements vary depending upon the actual license that you are attempting to acquire. However, some requirements are basic to all licenses. For example:

The applicant must be at least 18 years old.
If the applicant has held a license in another state, a letter of clearance must be submitted with the application.
Applicants must present two forms of positive identification at the test center on th4 date of examination one with a signature and a photograph (preferably a driver`s license), and one additional signature identification card. Candidates appearing for an examination without the proper identification will not be admitted to the examination and will forfeit any prepaid examination fees.
All applicants must show the full and complete name (first, middle, & last) and social security number of the applicant. Indicate NMN for no middle name or IO for initial only.

What Are The Pre-Licensing Educational Requirements?

Tue, 29 May 2007 21:19:00 GMT

All new applicants for agent licenses for life and/or disability, for property, casualty, surety, and marine insurance, broker license, or for an insurance consultant`s license must satisfy thirtysix (36) hours of prelicensing education. Each applicant must finish the required approved classroom instruction from one of the Insurance Department`s approved providers.

All new applicants for license as a Risk Retention Group Agent of a Purchasing Group Broker must satisfy this thirtysix hour requirement. All applicants must complete the required education and present the certification of completion at the time of the exam or the applicant will not be allowed to sit for the exam.

What Happens If I Fail The Exam Twice?

Tue, 29 May 2007 21:19:00 GMT

Any applicant failing the examination twice will be required to wait 60 days to retake the examination for the third time.

What Happens If I Fail The Examination?

Tue, 29 May 2007 21:19:00 GMT

If you fail the examination you must call ASI at 18882046259 to make a new exam reservation. A reexamination fee of $80 for one examination or $92 for two examinations in the same exam session must be submitted at the test center on the date of the examination.

Fees must be made payable to Assessment Systems, Inc. and must be in the form of a cashier`s check, company check, or money order. No cash, personal checks, or credit cards will be accepted. Reexamination must occur within 90 days of the date the original examination permit was issued.

What Should I Do After I Have Received An Examination Permit?

Tue, 29 May 2007 21:19:00 GMT

Once you have received an examination permit, you must contact ASI at 18882046259 to schedule a test date. The test date cannot be scheduled until you actually have the permit in your hand.

When Will The Examination Be Scored?

Tue, 29 May 2007 21:19:00 GMT

The examination will be scored at the test center on the date of the examination.

When Will The Licenses Be Issued To Successful Applicants?

Tue, 29 May 2007 21:19:00 GMT

Licenses will be issued to candidates successfully completing the examination at the test center; however, in order to begin transacting insurance business, a completed appointment form must be submitted to the Department of Insurance.

Where Can I Obtain The Application Forms?

Tue, 29 May 2007 21:19:00 GMT

The forms can be obtained online at:
http://www.state.ar.us/insurance/license/license_p1.html

Where Should I Mail My Application?

Tue, 29 May 2007 21:19:00 GMT

Applications should be mailed to:

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