Arkansas Insurance Department Rules on Producer and Adjuster Licensing, Prelicense Education and Continuing Education, 23 CAR pts. 8, 14, 17, 18, 28, 44 (REGULATIONS, not Ark. Code Ann.)

What this document is

Arkansas Insurance Department Rules on Producer and Adjuster Licensing, Prelicense Education and Continuing Education, 23 CAR pts. 8, 14, 17, 18, 28, 44 (REGULATIONS, not Ark. Code Ann.) is a regulation published by Arkansas Insurance Department, Code of Arkansas Rules. It is one of the Arkansas documents that insurance license exam questions are written from, including arkansas life & health, arkansas property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• 23 CAR § 18-201 (Number of Course Hours)

  “(b)(1) Upon the effective date of this part, any person who holds an adjuster license shall satisfactorily complete a minimum of twenty-four (24) hours of continuing education instruction approved by the commissioner, which must include three (3) hours of ethics in each two-year license renewal...”

• 23 CAR § 44-103 (Requirements for Expedited Initial Licensure)

  “(a) This section applies to individuals who: (1) Have never been licensed in the insurance industry in this state or in any other United States state, district, or territory; and (2) Qualify as one (1) of the individuals listed in 23 CAR § 44-102(a). (b) All individuals listed in 23 CAR § 44-102(a)...”

• 23 CAR § 28-104 (Limited Adjusters' Licenses, License Available and Optional but Not Required)

  “(6)(A) The applicant must pass a written examination as to his or her competence to act as a limited adjuster for the self-insured employer, with such examination based on the types of insurance which the applicant shall be adjusting. (B) The commissioner may specify that the applicant must pass:...”

• 23 CAR § 44-102 (Requirements for Automatic Licensure)

  “(a) The State Insurance Department shall grant automatic licensure to any of the following individuals: (1) A uniformed service member stationed in the State of Arkansas; (2) A uniformed service veteran who resides in or establishes residency in the State of Arkansas; (3) The spouse of a uniformed...”

• 23 CAR § 14-102 (Applicability and Scope, Exemptions)

  “(b) Exemptions. The following are exempt from this part: (1) Insurance consultants, pursuant to Arkansas Code § 23-64-202(b)(2)(A)(iii)(d); (2) Surplus line brokers licensed pursuant to Arkansas Code § 23-65-301 and Surplus Line Insurance, 23 CAR pt. 201, and exempted pursuant to Arkansas Code §...”

• 23 CAR pt. 18 s. 18-403 (Carryover of excess hours)

  “(a) Excess educational hours accumulated during any biennial period may be carried forward only to the next biennial period, subject to other limitations in this part. (b) Continuing education carried forward to the following calendar year shall expire upon commencement of the second biennial...”

• 23 CAR pt. 8 s. 8-110 (Funds do not need to be treated as funds accepted in a fiduciary capacity)

  “(a) Notwithstanding any other provision of this part, or any rule adopted by the Insurance Commissioner, a limited licensee pursuant to this part shall not be required to treat moneys collected from renters purchasing such insurance when renting vehicles as funds received in a fiduciary capacity,...”

• 23 CAR pt. 28 s. 28-105(b) (License termination or nonrenewal, immediate termination)

  “(b) The commissioner may immediately terminate, cancel, or expire any license of a limited adjuster without notice or a hearing upon adequate proof that the: (1) Limited adjuster is no longer a full-time employee of the self-insured employer;”

• 23 CAR § 8-106(b)(2) (Authority of rental company with limited license)

  “Liability insurance, which, at the exclusive option of the rental company, may include uninsured and underinsured motorist coverage whether offered separately or in combination with other liability insurance, that provides coverage, as applicable, to renters and other authorized drivers of rental...”

• 23 CAR § 28-105(a)(1) (License termination or nonrenewal)

  “The Insurance Commissioner may suspend or revoke upon notice and a hearing or nonrenew or refuse to continue without notice and a hearing the license of any limited adjuster who has failed to comply with the license continuation provisions of Arkansas Code § 23-64-215”

• 23 CAR § 28-104(a)(1)(B) and (a)(2) (License available and optional but not required)

  “In order to be eligible for licensure, the individual persons must be current, full-time employees of the sponsoring self-insured or self-funded entity, not independent contractors for such sponsors. (2) Eligibility for such licensure shall cease upon the effective date of termination of the...”

• 23 CAR § 18-104(7) (Exemptions)

  “(7) Nonresident producers, nonresident consultants, and/or nonresident adjusters, unless the home state or designated home state does not have any comparable continuing education requirements;”

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