Arkansas Life and Health Insurance Practice Exam

All of the following statements regarding producer appointments are true, except:

1. An appointing insurer must file a notice of appointment within 30 days of the first submitted application

2. Appointments must be renewed annually

3. Producers can be appointed by multiple insurers

4. The insurer must notify the producer of the appointment

The correct answer is: Appointments must be renewed annually

In Arkansas, producer appointments do not need to be renewed annually. Once a producer is appointed by an insurer, the appointment remains in effect unless it is terminated by either party. The other statements are true: An appointing insurer must file a notice of appointment within 30 days of the first submitted application, producers can be appointed by multiple insurers, and the insurer must notify the producer of the appointment.