| License Description |
Insurance Sales Producers compile lists of prospective clients to provide leads for additional business. They contact prospects and explain features and merits of the policies offered by using persuasive sales techniques. They calculate and quote premium rates for recommended policies, using adding machines and rate books. They call on policyholders to deliver and explain policies, suggest additions or changes in insurance programs, or make changes in beneficiaries. They may collect premiums from policyholders and keep records of payments. Requirements: 1) Must be at least 18 years of age. 2) Must satisfy pre-licensure hours of approved classroom instruction for life, accident/health/sickness, property, casualty and/or personal lines. This includes the completion of 20 hours of pre-license education per line of authority: Life: 20 hours, Accident/Health/Sickness: 20 hours, Property: 20 hours, Casualty: 20 hours, and Personal Lines: 20 hours. 3) Twenty four hours of continuing education required every two years, which includes three hours of ethics education. Career agents (those with 15 years), and those over 60, are exempt from continuing education if they are licensed as residents prior to 7/1/2003 and have not let their license lapse. 4) Must pass written examination: $50.00 (Life), $50 (Health), $50.00 (Property/Casualty) $50.00 (Personal Lines), 5) Must be a resident of Arkansas or non-resident of reciprocal state. Written examination: $50.00 - Life, $50.00 – Health, $50.00 – Property/Casualty, $50.00 – Personal Lines, Appointment fee: $20.00 per year for resident/$60 for nonresident (The insurance company must pay this fee), Renewal fee: $20.00 annually for resident/$60 for nonresident (Renews only by insurance company. The licensee cannot pay this fee.) Criminal background report: $24.00 online (First time licensed only), Regulatory fee: $35.00 per year, License Renewal fee (Every 2 years): $70.00 |