100+ Free Arkansas Surplus Lines Practice Questions
Pass your Arkansas Surplus Lines Broker exam on the first try — instant access, no signup required.
Loading questions...
Key Facts: Arkansas Surplus Lines Exam
65-75%
First-Time Pass Rate
Industry Data
70%
Passing Score
Arkansas Insurance Department
50
Exam Questions
PSI Services
2 hours
Exam Duration
PSI Services
$50
Exam Fee
PSI Services
P&C Required
Prerequisite
AID (3+ years)
Arkansas administers its surplus lines broker exam through PSI Services with 50 questions in 120 minutes and a 70% passing standard. Unique requirements include 3 years of P&C experience, a $50,000 surety bond, and a $1,035 application fee. The exam covers surplus lines markets, AID regulations, diligent search, the 4.0% premium tax, and NRRA provisions.
About the Arkansas Surplus Lines Exam
Arkansas's surplus lines broker exam tests knowledge of the non-admitted insurance market, AID surplus lines regulations, the 3-year P&C experience requirement, $50,000 surety bond obligations, diligent search requirements, the 4.0% surplus lines premium tax, Lloyd's of London and London Market operations, eligible insurer requirements, NRRA provisions, and E&S coverages relevant to Arkansas risks including agriculture, poultry, and severe weather.
Questions
50 scored questions
Time Limit
2 hours (120 minutes)
Passing Score
70%
Exam Fee
$50 (Arkansas Insurance Department (AID) / PSI Services)
Arkansas Surplus Lines Exam Content Outline
Surplus Lines Markets
Lloyd's of London syndicates, London Market, alien insurers, managing general agents, wholesale brokers, binding authority, and E&S market operations
Arkansas Surplus Lines Law
AID regulation, 3-year P&C requirement, $50,000 surety bond, broker licensing, eligible insurer list, and state-specific compliance
Diligent Search & Eligibility
Diligent search documentation, admitted market declinations, export lists, NAIC IID listing, and non-admitted insurer financial standards
Taxation & Compliance
Arkansas 4.0% surplus lines premium tax, NRRA home-state taxation, recordkeeping, fiduciary duties, reporting requirements, and penalties
How to Pass the Arkansas Surplus Lines Exam
What You Need to Know
- Passing score: 70%
- Exam length: 50 questions
- Time limit: 2 hours (120 minutes)
- Exam fee: $50
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
Arkansas Surplus Lines Study Tips from Top Performers
Frequently Asked Questions
How many questions are on the Arkansas surplus lines broker exam?
The Arkansas surplus lines broker exam contains 50 questions with a 2-hour time limit. You must score at least 70% (35 correct) to pass.
What are the unique prerequisites for Arkansas surplus lines brokers?
Arkansas requires 3 years of active P&C license experience, a $50,000 surety bond, and a $1,035 application fee. These requirements are more stringent than most other states.
What is Arkansas's surplus lines premium tax rate?
Arkansas imposes a 4.0% surplus lines premium tax on gross premiums. The broker collects this from the insured and remits it to the Arkansas Insurance Department (AID).
Why does Arkansas require a $50,000 surety bond?
The $50,000 surety bond protects the state and consumers by guaranteeing the broker will comply with surplus lines laws, including proper tax remittance. If the broker violates regulations, the bond can be claimed against.
How much does the Arkansas surplus lines broker exam cost?
The exam fee is approximately $50 through PSI Services. However, the total licensing cost includes the $1,035 application fee and the $50,000 surety bond premium (typically 1-5% of the bond amount).
What topics should I focus on for the Arkansas surplus lines exam?
Focus on surplus lines market structure, AID regulations, the 3-year P&C requirement, surety bond obligations, diligent search procedures, the 4.0% premium tax, non-admitted insurer eligibility, NRRA provisions, and Arkansas agricultural/severe weather risks.