An Arkansas resident producer holding a property and/or casualty line of authority must complete how many hours of continuing education, including how many hours of ethics, during each two-year license renewal cycle?
A. 24 hours total, including 3 hours of ethics
B. 24 hours total, including 1 hour of ethics
C. 16 hours total, including 2 hours of ethics
D. 20 hours total, including 1 hour of ethics
Source: AID Rule 50 § 4.A (054.00.15 Ark. Code R. 012); Ark. Code Ann. § 23-64-304(a)
When does an Arkansas resident producer's license renewal, and the continuing education tied to it, come due?
A. Every three years, on the anniversary of initial licensure
B. Every two years, on the last day of the licensee's birth month
C. Every two years, on June 30 regardless of birth date
D. Every calendar year on January 1
Source: AID Rule 50 (054.00.15 Ark. Code R. 012); National Insurance Producer Registry, Arkansas Resident Renewal - Individual
Under AID Rule 50, which producer is exempt from Arkansas's continuing education requirement based on age?
A. A nonresident producer of any age who has held a license for 15 years
B. Any producer, regardless of licensing date, once they turn 65
C. A producer licensed as an Arkansas resident before July 1, 2003, who is at least 60 years old
D. A producer first licensed as an Arkansas resident after July 1, 2003, who is now 60 years old
Source: AID Rule 50 § 3.A(4)
A resident producer licensed before July 1, 2003, who has held a producer, consultant, or broker license for at least 15 consecutive years, qualifies for a Rule 50 CE exemption - unless which event occurs?
A. The producer adds an additional line of authority
B. The producer's appointment with one insurer ends while others continue
C. The producer relocates to a different Arkansas county
D. The producer's license lapses and is later reinstated as a new resident license
Source: AID Rule 50 § 3.A(5), (11)
A producer is newly licensed for the first time in Arkansas for a full line of authority. Under Rule 50, when does the continuing education requirement first apply to that producer?
A. Only after the license has been in force one full year, starting at the renewal following that year
B. 30 days after licensure
C. Only after five years of continuous licensure
D. Immediately upon issuance of the license
Source: AID Rule 50 § 3.B
