Arkansas Insurance Prelicensing Requirements

ARKANSAS INSURANCE PRELICENSING INFORMATION

Arkansas requires potential agents take and complete a state approved prelicensing course before taking their licensing exam.

HOW DO I COMPLETE MY EXAMFX PRELICENSING EDUCATION COURSE?

To earn your certificate of completion, you must:

  • Complete and pass the certificate exam with a score of 70%.

DON'T FORGET YOUR GUARANTEE EXAM!

ExamFX is so confident in the quality of its material that we offer our customers a first-time pass guarantee. If you don’t pass the first time around, we will refund your money. To qualify for this offer, you must pass our Guarantee Exam with a score of 80% to determine maximum exam readiness. While completing this portion of your online course is not required, we highly recommend taking this extra step.

HOW DO I GET MY LICENSE?

Step 1: Complete a prelicensing course that has been approved by the Department of Insurance. Once you have completed your course, ExamFX will issue a certificate of completion which you may download and print from your online ExamFX account. Certificate population may be delayed by a short period time due to need for proctor validation.

Step 2: Complete the Electronic Resident Licensing Application at www.nipr.com and the Criminal Background Check online at https://www.ark.org/background-check/index.php/home/index/aid. Application fees are nonrefundable and nontransferable.

Step 3: Receive the Authorization to Test Confirmation via email from PSI. The Authorization to Test Confirmation is a separate document from the Certificate of Completion and must be obtained from PSI. Please allow 4 business days for PSI to process your Registration. After 4 business days, you may go online or call PSI to schedule the examination.

Step 4: Schedule your exam with PSI. You can register online by accessing PSI’s registration website at www.psiexams.com 24 hours a day. For telephone registration, you will need a valid credit card (VISA, MasterCard, American Express or Discover). Call PSI at (800-733-9267.) Your examination fee is dependent on the exam you are taking and ranges from $40 to $100.

To change of cancel your testing appointment, you must contact PSI at least 48 hours in advance or forfeit the examination fee.

Step 5: Take and pass you state licensing exam. On the day of your appointment you must bring with you two valid forms of government issued identification (driver’s license, passport, military I.D., etc.) One form must contain your name and photograph and the second form must be signature bearing. If you cannot provide the required identification, call (800) 733-9267 at least 21 days prior to your scheduled appointment. You will not be able to take your exam if these requirements are not met.

Step 6: Apply for your license with NIPR at www.nipr.com. Detailed licensing information can be found through the Arkansas Department of Insurance.

Step 7: Maintain your license by being aware of your continuing education requirements. Most insurance licenses must be maintained by completing a certain number of credit hours of continuing education each licensing period. ExamFX offers continuing education courses that will help you comply with your state’s requirements. Click here to view your state’s education rules and stay on top of your license.

WHAT WILL MY EXAM BE LIKE?

Your exam experience is dependent on the line of authority you are testing for. Carefully review the below examination breakdowns to learn important factors like:

 

  1. the number of questions on your exam
  2. the time limit
  3. the subjects that you will be tested on
  4. the score that you must achieve to pass the exam

 

Arkansas Life Insurance Examination
90 Questions (80 scored, 10 pretest)
Time limit: 2.5 hours
Passing score: 70%

CHAPTERPERCENTAGE OF EXAM
General Insurance:
Completing the Application, Underwriting, and Delivering the Policy 15%
Types of Life Policies 15%
Policy Riders, Provisions, Options, and Exclusions 23%
Taxes, Retirement, and Other Insurance Concepts 10%
State Law:
Arkansas Statutes, Rules, and Regulations Common to All Lines 25%
Arkansas Statutes, Rules, and Regulations Pertinent to Life Only 12%

Arkansas Accident and Health Insurance Examination
90 Questions (80 scored, 10 pretest)
Time Limit: 2.5 Hours
Passing score: 70%

CHAPTERPERCENTAGE OF EXAM
General Knowledge:
Field Underwriting Procedures 11%
Types of Policies 18%
Policy Provisions, Clauses, and Riders 25%
Social Insurance 3%
Other Insurance Concepts 5%
State Law:
Arkansas Statutes, Rules, and Regulations Common to All Lines24%
Arkansas Statutes, Rules, and Regulations Pertinent to Sickness and Accident Only 14%

Arkansas Property and Casualty Insurance Examination
135 Questions (125 scored, 10 pretest)
Time Limit: 3.5 hours
Passing Score: 70%

CHAPTERPERCENTAGE OF EXAM
General Knowledge:
Insurance Terms and Related Concepts 11%
Policy Provisions and Contract Law 9%
Types of Property Policies 20%
Types of Casualty Policies, Bonds, and Related Terms 20%
State Law:
Arkansas Statutes, Rules, and Regulations Common to All Lines 20%
Arkansas Statutes, Rules and Regulations Common to Multi-Line Property and Casualty Insurance 20%

Arkansas Personal Lines Insurance Examination
110 Questions (100 scored, 10 pretest)
Time Limit: 210 minutes
Passing Score: 70%

CHAPTERPERCENTAGE OF EXAM
General Knowledge:
Property and Casualty Insurance Terms and Related Concepts 25%
Property and Casualty Policy Provisions and Contract Law 22%
Types of Property Policies 11%
Types of Casualty Polices12%
State Law:
Arkansas Statutes, Rules and Regulations Common to Personal Lines20%
Arkansas Statutes, Rules and Regulations for Property & Casualty Only 10%

I FAILED MY EXAM. NOW WHAT?

We are sorry to hear that you have failed your first attempt at passing your state’s licensing exam. These licensing exams are difficult and some candidates must try again to reach their goal. We want to help you get there, so we recommend that you:

Step 1: Be aware of retake limitations and rules. In Arkansas, if you do not pass the after three attempts, you must wait four weeks and repeat the entire process of applying for the approval to test. You must wait 24 hours to reschedule your exam. Re-register by following the initial registrations and scheduling steps

Step 2: ExamFX’s subject matter experts are available by email at [email protected] to help you pass your licensing exam on your next attempt. Many testing providers will supply you with a score report or performance summary after your testing appointment. Use this report to let the ExamFX subject matter experts know what areas of the exam that you are struggling the most with.

Step 3: Study your materials. ExamFX materials are created by analyzing the exact testing outline supplied by your testing provider or Department of Insurance. This means that all the information that you need to pass your exam is within your course. Be confident that with more studying, you can pass your licensing exam and achieve your goals!

MORE QUESTIONS?

ExamFX recommends that you contact your Department of Insurance or testing center directly.

For licensing questions:
Arkansas Insurance Department
1200 West Third Street
Little Rock, AR 72201-1904
Phone: (501) 371-2750
Website: www.insurance.arkansas.gov

For licensing exams:
PSI Services LLC
3210 E Tropicana
Las Vegas, NV 89121
Phone: (800) 733-9267
E-mail: [email protected]
Website: www.psiexams.com

The information displayed above is for informational purposes only. ExamFX is not responsible for the accuracy of the information on this page. All steps have been taken to make sure that the information relayed on this page is accurate; however, information is subject to change without notice. It is the responsibility of the producer to be compliant per their states requirements.