License Requirements


How to Renew an Arkansas Insurance License

How to Renew an Arkansas Insurance License

 

Arkansas Insurance Department

Helpful Links

ph: (501) 371-2752

fax: (501) 683-2604

email: insurance.lnh@arkansas.gov (LH)
          insurance.pnc@arkansas.gov (PC)

website: http://insurance.arkansas.gov

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View your CE transcript

File a renewal application

A.D. Banker Provider #: 11343

1. Review the State Requirements

In order to renew your insurance license, you must complete the required continuing education hours for the lines of insurance that you are licensed in. All of the hours must be completed and reported prior to your license renewal date to avoid a lapse in your license.

GENERAL REQUIREMENTS:

Total Hours

24 hours biennially for Producers and Adjusters

**NOTE:  For licensees who hold both an Adjuster and Producer license, 24 hours of CE must be completed for each license with no duplicating courses.

Compliance Renewal Date

Effective 2/15/2019 - Licenses expire on the last day of the licensee's birth month, biennially, based on odd/even birth year. The first renewal is not due until the license has been held for at least 1 year.

You may also need to take specific courses or earn specific credit types to renew your license. These course completions will count toward the total hour requirement.

LINE-SPECIFIC REQUIREMENTS:

CE Course Category Restrictions - Licensees must take courses in license type held. If multi-licensed, any course is allowed.

For All Licenses:

Ethics
3 hrs - Producers & Adjusters must complete 3 hrs of Ethics as part of the total requirement

For Life & Health Producers:

Annuity Suitability and Best Interest  

Effective 7/8/2021, producers who sell annuity products need to complete an annuity course which includes the new NAIC 2020 Best Interest rules.  Arkansas DOI Bulletin 7-2021  

  • Producers who sell annuity products have until 12/31/2021 to complete a 4 hour Annuity Best Interest course
  • Producers licensed on 1/1/2022 or after may not engage in the sales of annuities until a 4 hour Annuity Best Interest course is completed

Note:  Non-residents who have taken a 4 hour annuity suitability course in another state may take the 1 hour Annuity Best Interest course to comply with Arkansas' requirement.

Annuity best interest training courses completed in any other state that have adopted the NAIC 2020 Annuity Model Law updates reciprocate with the Arkansas requirement.

Long-Term Care
8/4 hrs - Producers must complete an initial 8-hour Long-Term Care (LTC) Certification Training prior to selling, soliciting, or negotiating Long-Term Care products/policies. After completing the initial requirement, producers must complete a 4-hour LTC ongoing training, due on the completion date of the 8-hour training, every 24 months thereafter.

For Property & Casualty Producers:

Flood
3 hrs - Property/Casualty producers must complete a one-time 3-hour course on NFIP Flood Insurance Certification Training prior to selling flood insurance policies.

There are also additional rules about how the course hours can be applied.

CARRYOVER HOURS:

A maximum of 24 hours may be carried over to the next renewal period. Excess Ethics credit will carry over as General credit.

COURSE REPETITION:

Courses may not be taken more than once in a two-year period.  Completion dates must be at least 24 months apart.

If you meet any of criteria below, you may be exempt from the continuing education requirements.

EXEMPTIONS:

  • Non-residents
  • Individuals holding limited lines licenses for which an exam is not required
  • Individuals holding a limited or restricted license.
  • Individuals who are at least 60 years old and were licensed prior to 7/1/03
  • Individuals licensed for less than one year
  • Individuals in their first full year of licensure following the year they made a change in residency or domicile to Arkansas
  • Third-party administrators who do not solicit business

2. Register for and Complete Courses

Once you have determined the renewal requirements for your license, you can register for courses. Each course has an associated credit type; when registering for courses, select courses with credit types that will help to fulfill the renewal requirements for your license.

A.D. Banker offers online and self study courses for Arkansas. You can register for courses under the Continuing Education menu at www.adbanker.com.

You must fulfill the course requirements for each of the courses to have them reported.

  • Classroom and webinar course completions are based off of attendance and participation and do not require a completion exam. You must be present for the full duration of the course and be active and attentive throughout to receive credit.
  • Online and Self Study courses are self-paced. You must review the course material and pass the Certification Exam at the end to receive credit.*

MONITOR REQUIREMENTS:

*Online and self study exams are required to be monitored by a disinterested third party (a person with no family or financial relationship).

REPORTING METHOD:

Once a course has been completed, the completion must be reported to the state. A.D. Banker will report the course completions to the Arkansas Insurance Department.


3. File a Renewal Application

Once you have satisfied the renewal requirements for your license, you can file a renewal application at www.sircon.com/adbanker.

Continuing Education Webinars: Live online "classroom" courses... NO EXAMS!

A.D. Banker & Company provides licensing information as a courtesy to our students. While reasonable attempts have been made to ensure the accuracy of this information, licensees are ultimately responsible for ensuring that they are in compliance with the requirements set forth by their state licensing entity. A.D. Banker & Company offers no guarantee of the accuracy of this information and will not be held liable in case of noncompliance with the license requirements.