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Study Guide for Arkansas Life and Health Exam

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Unofficial practice questions, not affiliated with the Arkansas Insurance Department. Bank checked October 13, 2026.

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Commissioner, licensing and producers 31

  • A person aggrieved by an act of the Arkansas commissioner makes written demand for a hearing. Unless postponed by mutual consent, when must it be held? Answer: Within 30 days after the commissioner receives the demand. Source: Ark. Code 23-61-303(b)(2)
  • After an Arkansas insurance license is revoked, how long must pass before the commissioner may again license that person? Answer: 3 years. Source: Ark. Code 23-64-217(b)
  • The age 60 and 15-year exemptions from Arkansas continuing education do not apply to a producer licensed after which date? Answer: July 1, 2003. Source: Ark. Code 23-64-301(a)(2)
  • An Arkansas agent whose license was revoked appeals the commissioner's order. Besides Pulaski County Circuit Court, where may the appeal be taken? Answer: The circuit court of the county in which the agent resides. Source: Ark. Code 23-61-307(c)
  • An Arkansas applicant took the hours on Arkansas laws and rules for one line of authority. Within what time need they not be repeated for another line? Answer: Within 2 years. Source: Ark. Code 23-64-202(b)(2)(A)(iii)(a)
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Commissioner, licensing and producers, continued

  • An Arkansas insurer appoints a producer as its agent. When must the notice of appointment be filed? Answer: Within 15 days after the agency contract is executed or the first application is submitted. Source: Ark. Code 23-64-514(b)
  • An Arkansas licensee ceases to maintain a residence in the state. Within how long must the license be delivered to the commissioner? Answer: Within 10 days after residency ends. Source: Ark. Code 23-64-218(c)
  • An Arkansas licensee diverts premium money to personal use without being entitled to it. Of what offense is the licensee guilty on conviction? Answer: Theft of property. Source: Ark. Code 23-64-223(b)
  • An Arkansas producer faces criminal prosecution in another state. When must the producer report it to the commissioner? Answer: Within 30 days after entering a plea with the court. Source: Ark. Code 23-64-517(b)(1)
  • An Arkansas producer knowingly sells the product of an unauthorized entity. What grade of offense is it? Answer: A Class D felony. Source: Ark. Code 23-65-101(e)
  • An Arkansas producer learns that a health plan is not licensed under the Arkansas Insurance Code. What must the producer do? Answer: Immediately report the health plan to the State Insurance Department. Source: Ark. Code 23-65-101(a)(2)(D)
  • An Arkansas producer lets a license lapse. Within what time may the same license be reinstated without passing a written examination? Answer: Within 12 months after the renewal fee was due. Source: Ark. Code 23-64-507(c)
  • An Arkansas producer reports continuing education 45 days after the due date. What fine is imposed automatically? Answer: $50. Source: Ark. Code 23-64-304(d)(2)
  • The Arkansas commissioner enters a summary cease and desist order. A hearing must be held if the written request arrives within how long of the order's entry? Answer: 30 days. Source: Ark. Code 23-61-103(f)(2)(A)
  • The Arkansas commissioner finds a newly appointed producer ineligible for appointment. How soon must the insurer be told? Answer: Within 5 days after the determination. Source: Ark. Code 23-64-514(c)
  • For good cause, the Arkansas commissioner may extend the time to complete continuing education by no more than what period? Answer: 1 calendar year. Source: Ark. Code 23-64-304(b)
  • For how long, at most, may the Arkansas commissioner suspend a license after notice and hearing? Answer: Up to 36 months. Source: Ark. Code 23-64-216(a) (Act 397 of 2021)
  • How does the Arkansas Insurance Commissioner come into office? Answer: By appointment of the Governor with the advice and consent of the Senate. Source: Ark. Code 23-61-102(a)
  • How long does the Arkansas Insurance Commissioner serve? Answer: At the pleasure of the Governor. Source: Ark. Code 23-61-102(b)
  • How long must an Arkansas resident agent keep applications, billing information, policy information and claims files at the place of business? Answer: At least 5 years from the date the record was created. Source: Ark. Code 23-64-220(c)(1)(A)(i)
  • How many hours of prelicensing instruction does Arkansas require, in the aggregate, per line of insurance authority? Answer: Not less than 20 hours. Source: Ark. Code 23-64-202(b)(2)(A)(iii)(a)
  • How often, at the least, must the Arkansas commissioner examine each authorized insurer? Answer: Every 5 years. Source: Ark. Code 23-61-201(a)(2)
  • Of the Arkansas prelicensing curriculum, how much must cover the licensing of agents and the insurance regulatory laws of the state? Answer: Not less than 5 hours. Source: Ark. Code 23-64-202(b)(2)(A)(viii)
  • On taking office, the Arkansas Insurance Commissioner executes a bond to the state in what sum? Answer: $50,000. Source: Ark. Code 23-61-102(e)(1)
  • To whom may Arkansas issue a temporary producer license when a licensed producer enters active military duty? Answer: The producer's designee. Source: Ark. Code 23-64-511(a)(3)
  • Under Arkansas law, whose property is an insurance license after it is issued and delivered to the licensee? Answer: The State of Arkansas's. Source: Ark. Code 23-64-218(a)(1)
  • What administrative penalty may the Arkansas commissioner impose on a licensee for a willful violation? Answer: Up to $5,000 per violation. Source: Ark. Code 23-64-216(d)(1)
  • What happens to an Arkansas license when continuing education is still unreported more than 90 days after the due date? Answer: It becomes automatically suspended. Source: Ark. Code 23-64-304(d)(4)
  • What penalty does an Arkansas producer pay on a renewal fee received after its due date? Answer: Double the unpaid renewal fee. Source: Ark. Code 23-64-507(c)
  • Where no greater penalty is set by another law, what fine may follow a violation of an Arkansas insurance statute or rule? Answer: No greater than $1,000 per violation, up to $50,000 in any six-month period. Source: Ark. Code 23-60-108
  • Who is eligible to be appointed Arkansas Insurance Commissioner? Answer: A citizen of the state who is at least 30 years of age. Source: Ark. Code 23-61-102(a)

Life insurance and group life law 20

  • Active employment is a condition of an Arkansas group life policy and an insured becomes totally disabled. For how long may coverage continue on a premium-paying basis? Answer: 6 months from the date total disability started. Source: Ark. Code 23-83-120(b)
  • An Arkansas debtor is insured under credit life insurance. By when must the individual policy or group certificate be delivered to the debtor? Answer: Within 30 days of the date the indebtedness is incurred. Source: Ark. Code 23-87-111
  • An Arkansas group life policy terminates. A person insured under it for at least how long may convert to an individual policy? Answer: 5 years. Source: Ark. Code 23-83-118(a)
  • An Arkansas individual life insurer does not pay proceeds within a reasonable time after proof of death. What interest does it owe? Answer: 8 percent per year. Source: Ark. Code 23-81-118(b)(1)
  • An Arkansas insured dies with premiums paid past the end of the policy month of death. What happens to those premiums on an individual life policy? Answer: They are included in the proceeds payable to the beneficiary. Source: Ark. Code 23-81-118(a)
  • An Arkansas life policy may exclude death by suicide that occurs within what period from the date of issue? Answer: 2 years. Source: Ark. Code 23-81-115(a)(2)(E)
  • An Arkansas life policy sets a fixed maximum policy loan interest rate. How high may that rate be? Answer: Not more than 8 percent per annum. Source: Ark. Code 23-81-109
  • An Arkansas policy is returned within the free-look period. What is its legal status? Answer: Void from its inception. Source: Ark. Code 23-79-112(f)(2)
  • An Arkansas policyholder returns a new individual life policy within the notice period printed on its first page. What is the minimum period that notice must give? Answer: 10 days from delivery. Source: Ark. Code 23-79-112(f)(1)
  • Arkansas defines credit life insurance as insurance on a debtor's life in connection with a loan for a period of time not to exceed how long? Answer: 10 years. Source: Ark. Code 23-87-103(2)
  • By when must an Arkansas participating life policy begin to have its divisible surplus ascertained and apportioned each year? Answer: Not later than the end of the third policy year. Source: Ark. Code 23-81-108(a)
  • For Arkansas personal insurance, what insurable interest exists between individuals related closely by blood or by law? Answer: A substantial interest engendered by love and affection. Source: Ark. Code 23-79-103(c)(1)(A)
  • For interest on Arkansas life insurance proceeds, a "reasonable period of time" to pay may in no case exceed what? Answer: 30 days from the date proof of death is furnished. Source: Ark. Code 23-81-118(b)(2)
  • In its incontestability provision, which phrase may an Arkansas life insurer leave out at its option? Answer: "except for fraud in the procurement". Source: Ark. Code 23-81-105
  • To hold an Arkansas group life policy, an association must have had how many persons at the outset? Answer: A minimum of 100. Source: Ark. Code 23-83-106(b)
  • Under Arkansas group life law, how much may be insured on the life of a debtor in a creditor group? Answer: No more than the greater of the scheduled or actual amount of unpaid indebtedness. Source: Ark. Code 23-83-105(a)(4)
  • What grace period must an Arkansas life insurance policy allow for a premium after the first? Answer: 30 days, or one month of not less than 30 days. Source: Ark. Code 23-81-104(a)
  • When an Arkansas group life policy itself terminates, the group policy may cap the converted individual policy at the smaller of the insurance ceasing or what amount? Answer: $10,000. Source: Ark. Code 23-83-118(b)
  • Which life policy may not be issued or delivered in Arkansas? Answer: One paying on the death of anyone not specifically named in it. Source: Ark. Code 23-81-120
  • Within what time after premium default must an Arkansas life policy allow reinstatement, if it was not surrendered and its values are not exhausted? Answer: 3 years. Source: Ark. Code 23-81-111

Replacement and annuities 9

  • An Arkansas reversionary annuity is in default. Within what time must the contract allow reinstatement on evidence of insurability? Answer: Within 3 years. Source: Ark. Code 23-81-128(2)
  • Before urging an Arkansas insured to let an existing cash-value life policy lapse for a new one, what must the producer furnish? Answer: A written and dated memorandum comparing the existing policy with the proposed one. Source: Ark. Code 23-66-307(b)(1)(A)
  • How does Arkansas define "churning of business"? Answer: Replacing an existing life or accident and health policy without objectively demonstrating a benefit and betterment to the insured. Source: Ark. Code 23-66-206(2) (Act 994 of 2021)
  • How long must the company and the producer keep the duplicate of an Arkansas replacement memorandum? Answer: 5 years. Source: Ark. Code 23-66-307(b)(2)(B)
  • Misrepresenting a Medicare supplement policy to induce an Arkansas insured to replace it is punished on conviction as what? Answer: A Class D felony, with a fine up to $10,000 or up to six years in prison, or both. Source: Ark. Code 23-66-306(b)(3)
  • What grace period must an Arkansas individual annuity contract give for a stipulated payment after the first? Answer: 1 month, but not less than 30 days. Source: Ark. Code 23-81-122(a)
  • What grade of offense is a violation of the Arkansas statute on replacing a life insurance policy or annuity? Answer: A Class A misdemeanor. Source: Ark. Code 23-66-307(d)
  • Who signs the Arkansas replacement memorandum? Answer: The producer and the insured. Source: Ark. Code 23-66-307(b)(1)(B)
  • Within what time after default may an Arkansas individual annuity contract be reinstated, unless its cash surrender value has been paid? Answer: Within 1 year. Source: Ark. Code 23-81-127

Accident and health law 16

  • After how long from the date of issue may misstatements in the application, other than fraudulent ones, no longer be used to void an Arkansas individual accident and health policy? Answer: 3 years. Source: Ark. Code 23-85-107(a)
  • An Arkansas accident and health policy ends a dependent's coverage at a set age. Coverage of an unmarried dependent incapable of sustaining employment continues if the incapacity began before what age? Answer: 19. Source: Ark. Code 23-85-131(b)(1)
  • An Arkansas carrier replaces a group health plan within 60 days of the prior plan's discontinuance. Its duty to cover all validly covered employees and dependents at once applies only to a group of what size? Answer: More than 15 members. Source: Ark. Code 23-86-108(7)(A)
  • An Arkansas group health policy terminates. By when must a member apply in writing for a conversion policy? Answer: Not later than 30 days after the termination. Source: Ark. Code 23-86-115
  • An Arkansas Medicare supplement policy may not limit benefits for a preexisting condition for losses incurred more than how long after coverage takes effect? Answer: 6 months. Source: Ark. Code 23-79-404(b)
  • An Arkansas policy with total annual benefits over $6,000 covers alcohol or drug dependency treatment. What minimum benefit must it give for each 24-month period? Answer: $6,000. Source: Ark. Code 23-79-139(e)(1)
  • By when may an Arkansas insurer require the insured to give notice of a newborn child? Answer: Within 90 days of the birth or before the next premium due date, whichever is later. Source: Ark. Code 23-79-129(b)
  • For how long must Arkansas newborn coverage pay routine nursery care for a well newborn, at the most? Answer: Up to 5 full days in a hospital nursery. Source: Ark. Code 23-79-129(a)(2)(C)
  • For the life of the recipient, what minimum alcohol or drug dependency benefit must such an Arkansas policy provide? Answer: $12,000. Source: Ark. Code 23-79-139(e)(3)
  • From what moment must an Arkansas family accident and health policy cover a newborn child of the insured? Answer: From the moment of birth. Source: Ark. Code 23-79-129(a)(1)
  • How long does an Arkansas applicant have to return a Medicare supplement policy for a refund? Answer: 30 days from delivery. Source: Ark. Code 23-79-407
  • How soon after employment ends must a person ask in writing to continue Arkansas group health coverage? Answer: Not later than 10 days. Source: Ark. Code 23-86-114(d)
  • To continue Arkansas group health coverage after employment ends, how long must the person have been insured continuously under the group policy? Answer: During the 3-month period before termination. Source: Ark. Code 23-86-114(c)(1)
  • Under the Arkansas group health continuation statute, continued coverage ends no later than how long after it began? Answer: 120 days. Source: Ark. Code 23-86-114(f)(1)
  • What is the smallest type an Arkansas printed accident and health policy may use for its text? Answer: 10-point type. Source: Ark. Code 23-85-104
  • What penalty does an Arkansas health carrier pay for late payment of claims under a health insurance contract? Answer: 12 percent per annum. Source: Ark. Code 23-66-215(a)(1)

Trade practices and penalties 14

  • A person who did not know of the violation is found to have committed an unfair practice in Arkansas. What monetary penalty may the commissioner order? Answer: Not more than $1,000 per act, aggregate $10,000. Source: Ark. Code 23-66-210(a)(1)
  • An Arkansas producer charges a fee for financial planning under a signed written agreement. How long must a copy of the agreement be kept? Answer: Not less than 3 years after completion of services. Source: Ark. Code 23-66-206 (Act 994 of 2021)
  • An Arkansas producer gives pens and calendars for advertising. Up to what wholesale value are such token gifts outside the rebate ban? Answer: $100 or less. Source: Ark. Code 23-66-206(9)(C) (Act 523 of 2023)
  • An Arkansas producer runs a pilot of a value-added service on a good faith belief that it qualifies. How long may the pilot last? Answer: No more than 1 year. Source: Ark. Code 23-66-206(9)(B)(vi)(f) (Act 523 of 2023)
  • An Arkansas producer who only sells policies holds himself out as a financial planner. Under what heading does the Trade Practices Act place this? Answer: Unfair financial planning practices. Source: Ark. Code 23-66-206 (Act 994 of 2021)
  • Arkansas bars charging a different life insurance rate solely because of which status, added to the unfair discrimination list? Answer: Status as a living organ donor. Source: Ark. Code 23-66-206 (Act 994 of 2021)
  • For how long must a complete complaints register be kept under the Arkansas Trade Practices Act? Answer: The current year plus 5 calendar years. Source: Ark. Code 23-66-206(4)(B) (Act 994 of 2021)
  • The person knew or reasonably should have known of the Arkansas trade practice violation. What is the aggregate penalty cap in any six-month period? Answer: $50,000. Source: Ark. Code 23-66-210(a)(1)
  • Under the Arkansas rebate law as amended in 2023, what may an insurer or producer not offer as an inducement to buy a policy? Answer: Insurance coverage. Source: Ark. Code 23-66-206(9)(D) (Act 523 of 2023)
  • What does "complaint" mean in the Arkansas complaint-handling rule of the Trade Practices Act? Answer: Any written communication primarily expressing a grievance. Source: Ark. Code 23-66-206(4)(C) (Act 994 of 2021)
  • What may an Arkansas lender not require of a borrower who substitutes one insurer's policy for another's? Answer: Payment of a consideration of any kind for the substitution. Source: Ark. Code 23-66-309
  • What monetary penalty may follow each act that violates an Arkansas cease and desist order under the Trade Practices Act? Answer: Not more than $10,000. Source: Ark. Code 23-66-211
  • When do the listed acts amount to "unfair claims settlement practices" under the Arkansas Trade Practices Act? Answer: When committed with such frequency as to indicate a general business practice. Source: Ark. Code 23-66-206 (Act 994 of 2021)
  • Where, and how soon, may a person seek review of an Arkansas trade practices order? Answer: In Pulaski County Circuit Court, within 30 days of service. Source: Ark. Code 23-66-212(a)(1)

Guaranty association 9

  • How many member insurers sit on the board of the Arkansas Life and Health Insurance Guaranty Association? Answer: Not less than 5 nor more than 9. Source: Ark. Code 23-96-109(b)(1)(A)
  • How may an Arkansas member insurer recover a guaranty assessment through its premium tax? Answer: An offset of 20 percent of the assessment for each of the 5 calendar years after payment. Source: Ark. Code 23-96-115(j)(1)(A)
  • In any one calendar year, assessments on an Arkansas member insurer for an account may not exceed what share of its average annual premiums? Answer: 2 percent. Source: Ark. Code 23-96-115(f)(1)(A)
  • May an Arkansas agent use the existence of the guaranty association to induce a sale? Answer: No, except in conformity with the rules of the Insurance Commissioner. Source: Ark. Code 23-96-105(a)(1)
  • One owner holds multiple nongroup life policies with an insolvent Arkansas member insurer. What is the most the association covers for that owner? Answer: $1,000,000. Source: Ark. Code 23-96-114(b)(1)(B)
  • Premiums go unpaid on a policy the Arkansas guaranty association has guaranteed. After how long does the association's obligation under it terminate? Answer: 31 days after the date required. Source: Ark. Code 23-96-120(a)
  • What is the Arkansas guaranty association limit for health benefit plan benefits on one life? Answer: $500,000. Source: Ark. Code 23-96-114(a)(2)(A)(ii)
  • What is the most the Arkansas Life and Health Insurance Guaranty Association covers in life insurance death benefits on any one life? Answer: $300,000. Source: Ark. Code 23-96-114(a)(2)(A)(i)
  • What limit does the Arkansas guaranty association apply to disability income and long-term care insurance benefits? Answer: $300,000. Source: Ark. Code 23-96-114(a)(2)(A)(ii)

How this list was compiled: Own questions, written from Title 23 of the Arkansas Code (chapters 60, 61, 64, 65, 66, 79, 81, 83, 85, 86, 87 and 96). Statute text was read on 2026-10-13 in a public copy, not on a state site: Release 78 of the Arkansas Code of 1987, dated 2020-11-06, the bulk data of the Arkansas Code Revision Commission as posted by Public.Resource.Org on the Internet Archive (https://archive.org/details/gov.ar.code). Every section asked was then looked up in the Arkansas General Assembly's own tables of Code Sections Amended for each session from 2021 to the 2026 fiscal session (https://www.arkleg.state.ar.us/Acts/CodeSectionsAmended); where an act has changed a section since the copy, the question is written from the act itself on the General Assembly's site (Act 994 of 2021 and Act 523 of 2023 for section 23-66-206, Act 397 of 2021 for section 23-64-216). The topics follow the Arkansas Specific part of the Arkansas Life Producer and Arkansas Health Producer content outlines (30 scoreable questions each, with the Code sections beside each topic), which the Arkansas Insurance Department's candidate bulletin of 6/18/2025 links (the outlines: http://proctor2.psionline.com/programs/AKINS/life.pdf and http://proctor2.psionline.com/programs/AKINS/health.pdf); the Department's site is https://insurance.arkansas.gov/. Licence: Own work. Every question, wrong choice and explanation was written for this site from the text of the law. Nothing comes from a testing vendor, a prep course, a study guidebook or an exam question pool.

How it works

This unofficial study guide for the Arkansas life and health exam drills the Arkansas Specific part of each exam: 99 of our own questions from Title 23 of the Arkansas Code. Not affiliated with the Arkansas Insurance Department.

Read the full guide

What the Arkansas Specific part asks

Each exam has 100 scored questions: 70 general and 30 on Arkansas statutes and rules. The outlines list the Commissioner, definitions, licensing, producer responsibilities, the guaranty association and marketing practices for both exams. Life then adds life policies, group life, credit life and replacement; Health adds policy provisions, Medicare supplement and group health.

What is left out

The 70 general questions on policy types, riders and tax, and the Department's own rules (Rules 11, 17, 18, 19, 27 and 43), which the outlines cite beside the Code.

  • Prelicensing: not less than 20 hours per line, 5 of them on agent licensing and Arkansas regulatory law (23-64-202).
  • A lapsed license can be reinstated within 12 months; the late penalty is double the unpaid renewal fee (23-64-507).
  • Individual health policies: three years, not two, before misstatements in the application stop being a defense (23-85-107).

Questions and answers

How many questions are on the Arkansas life and health insurance exam?

The Department's content outlines list 100 scoreable questions plus 10 pretest questions in 150 minutes for the Life exam, and the same for Health. Each has an Arkansas Specific part of 30 scoreable questions with 60 minutes. The minimum passing score printed is 70 percent.

Does Arkansas require a prelicensing course before the insurance exam?

Yes. The candidate bulletin of 6/18/2025 says applicants must hold a certificate of completion of prelicensing education before the exam and that certificates are valid for 2 years. Ark. Code 23-64-202 sets not less than 20 hours per line.

How many times can you retake the Arkansas insurance exam?

The candidate bulletin sets no limit on the number of times a candidate may retake an examination. Proof of prelicensing education is required for every attempt, the certificate must still be valid, and the $50 examination fee is paid again.

Are these the real Arkansas insurance exam questions?

No. They are our own, written from the Arkansas Code. This site has never seen the state exam, and the Arkansas Insurance Department did not write or review them. Exam mode copies the Arkansas Specific part: 30 questions, 60 minutes.

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