§ 23-64-301 - Arkansas Statutes

Second of 2 versions of this section

23-64-301. Continuing education required. [Effective January 1, 2010.]

(a) (1) Unless exempt under 23-64-302, an insurance producer licensed in this state shall successfully complete and report the courses of instruction required by this section within the biennial period prescribed by rule of the Insurance Commissioner for the insurance producer to satisfy the continuing education requirements necessary to continue the insurance producer's license.

(2) The exemptions in 23-64-302(3) and (4) do not apply to an insurance producer licensed after July 1, 2003.

(b) (1) An individual shall satisfactorily complete a minimum of twenty-four (24) hours of continuing education courses each biennial period for continuing education if the individual is licensed to sell:

(A) Life insurance;

(B) Accident and health or sickness insurance;

(C) Property insurance;

(D) Casualty insurance;

(E) Variable products insurance; or

(F) Personal lines insurance.

(2) At least three (3) hours of continuing education required by this subsection shall be in an ethics course that is related to the business of insurance approved by the commissioner.

(c) An individual who holds a title insurance license shall complete the minimum number of hours of continuing education courses established by rule of the commissioner.

(d) The commissioner may hire an independent contractor to administer all or part of this subchapter in a fair and impartial manner .