Arkansas Life & Health Insurance License Exam Overview
The Arkansas Life & Health Insurance License Exam is administered by PSI Services on behalf of the Arkansas Insurance Department (AID). Arkansas offers a growing insurance market with competitive licensing requirements.
Exam Format at a Glance
| Component | Details |
|---|---|
| Total Questions | 110 per exam (100 scored + 10 pretest) |
| Time Limit | 2.5 hours per exam |
| Passing Score | 70% |
| Testing Vendor | PSI Services |
| Exam Fee | $50 per exam |
| Pre-licensing Education | 20 hours per line (40 hours for combined) |
Why Get Licensed in Arkansas?
- Growing market — Over 3 million residents
- Low cost of living — Competitive advantage for agents
- Regional hub — Northwest Arkansas booming
- Low exam fee — Only $50 per exam
- Quick licensing — Streamlined process
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Key Topics Covered on the Exam
1. Life Insurance Products (30%)
Types of Life Insurance:
- Term Life Insurance
- Whole Life Insurance
- Universal Life Insurance
- Variable products
Key Policy Features:
| Feature | Arkansas Standard |
|---|---|
| Grace Period | 30 days |
| Incontestability | 2 years |
| Suicide Clause | 2 years |
| Free Look | 10 days |
2. Health Insurance Products (30%)
Coverage Types:
- Major medical insurance
- Disability income insurance
- Long-term care insurance
- Medicare supplements
Arkansas-Specific Topics:
- Arkansas Health Insurance Marketplace
- ARKids First (CHIP)
- Arkansas Works (Medicaid expansion)
- Essential health benefits
3. Annuities (15%)
- Fixed and variable annuities
- Suitability requirements
- Surrender provisions
- Tax considerations
4. Arkansas Insurance Regulations (15%)
Key Arkansas Laws:
- Arkansas Insurance Code (Title 23)
- AID authority and powers
- Producer licensing requirements
- Unfair trade practices
5. Ethics and Professional Conduct (10%)
- Fiduciary duties
- Disclosure requirements
- Anti-rebating rules
- Privacy protections
Study Timeline for Success
| Week | Focus Area | Hours |
|---|---|---|
| Week 1 | Life insurance fundamentals | 10-12 |
| Week 2 | Health insurance products | 10-12 |
| Week 3 | Annuities and specialty | 6-8 |
| Week 4 | Arkansas regulations | 8-10 |
| Week 5 | Practice exams and review | 10-12 |
Total recommended study time: 45-55 hours
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Arkansas-Specific Exam Tips
1. Know Arkansas Insurance Laws
- Title 23 — Arkansas Insurance Code
- AID powers — Regulatory authority
- Arkansas Works — Medicaid expansion program
- ARKids First — Children's health program
2. Master These Numbers
| Topic | Arkansas Requirement |
|---|---|
| Grace period | 30 days |
| Free look | 10 days |
| Pre-licensing | 20 hours per line |
| CE requirement | 24 hours/2 years (incl. 3 hrs ethics) |
| Passing score | 70% |
After Passing Your Exam
- Apply online through AID
- Complete background check
- Pay license fee
- Start selling after approval
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