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Arkansas Personal Lines (Property/Casualty-no Commerical Lines) Examination — Information & Free Practice

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Arkansas Personal Lines (Property/Casualty-no Commerical Lines) Examination

Provider
PSI Services LLC
Format
Computer-administered written examination
Exam questions
95 scored questions plus 10 pretest questions; published subdivisions: 25 scored plus 2 pretest Arkansas-specific questions, and 70 scored plus 8 pretest general-knowledge questions.
Time limit
210 minutes
Passing score
70% correct
Exam fee
$50.00
Examination outline
  • STATE STATUTES, RULES, AND REGULATIONS COMMON TO PROPERTY AND CASUALTY INSURANCE
    • The Insurance Commissioner (Ref: 23-60-108; 23-61-102, 103, 108, 110, 201, 202; 301-307)
    • The Insurance Commissioner (Ref: 23-60-108; 23-61-102, 103, 108, 110, 201, 202; 301-307) > Appointment
    • The Insurance Commissioner (Ref: 23-60-108; 23-61-102, 103, 108, 110, 201, 202; 301-307) > General duties and powers
    • The Insurance Commissioner (Ref: 23-60-108; 23-61-102, 103, 108, 110, 201, 202; 301-307) > Examination of records
    • The Insurance Commissioner (Ref: 23-60-108; 23-61-102, 103, 108, 110, 201, 202; 301-307) > Hearings/notice of hearings
    • The Insurance Commissioner (Ref: 23-60-108; 23-61-102, 103, 108, 110, 201, 202; 301-307) > Penalties
    • Definitions (Ref: 23-60-102; 23-63-201, 202; 23-69-102; 23-74-105)
    • Definitions (Ref: 23-60-102; 23-63-201, 202; 23-69-102; 23-74-105) > Authorized and unauthorized companies
    • Definitions (Ref: 23-60-102; 23-63-201, 202; 23-69-102; 23-74-105) > Domestic, foreign, and alien companies
    • Definitions (Ref: 23-60-102; 23-63-201, 202; 23-69-102; 23-74-105) > Stock and mutual companies
    • Definitions (Ref: 23-60-102; 23-63-201, 202; 23-69-102; 23-74-105) > Certificate of authority
    • Definitions (Ref: 23-60-102; 23-63-201, 202; 23-69-102; 23-74-105) > Insurance transaction
    • Licensing (Ref: 23-64-102, 202, 203, 210, 214-218, 220, 223, 301-305, 507; 23-66-209)
    • Licensing (Ref: 23-64-102, 202, 203, 210, 214-218, 220, 223, 301-305, 507; 23-66-209) > Persons required to be licensed
    • Licensing (Ref: 23-64-102, 202, 203, 210, 214-218, 220, 223, 301-305, 507; 23-66-209) > Persons required to be licensed > Producer
    • Licensing (Ref: 23-64-102, 202, 203, 210, 214-218, 220, 223, 301-305, 507; 23-66-209) > Persons required to be licensed > Adjuster
    • Licensing (Ref: 23-64-102, 202, 203, 210, 214-218, 220, 223, 301-305, 507; 23-66-209) > Persons required to be licensed > Consultant
    • Licensing (Ref: 23-64-102, 202, 203, 210, 214-218, 220, 223, 301-305, 507; 23-66-209) > Persons required to be licensed > Resident/nonresident
    • Licensing (Ref: 23-64-102, 202, 203, 210, 214-218, 220, 223, 301-305, 507; 23-66-209) > Persons required to be licensed > Temporary license
    • Licensing (Ref: 23-64-102, 202, 203, 210, 214-218, 220, 223, 301-305, 507; 23-66-209) > Producer appointment/termination of contract
    • Licensing (Ref: 23-64-102, 202, 203, 210, 214-218, 220, 223, 301-305, 507; 23-66-209) > Exemptions/exceptions
    • Licensing (Ref: 23-64-102, 202, 203, 210, 214-218, 220, 223, 301-305, 507; 23-66-209) > Maintaining a license
    • Licensing (Ref: 23-64-102, 202, 203, 210, 214-218, 220, 223, 301-305, 507; 23-66-209) > Maintaining a license > Continuing education
    • Licensing (Ref: 23-64-102, 202, 203, 210, 214-218, 220, 223, 301-305, 507; 23-66-209) > Maintaining a license > Change of Contact Information
    • Licensing (Ref: 23-64-102, 202, 203, 210, 214-218, 220, 223, 301-305, 507; 23-66-209) > Maintaining a license > Administrative fees
    • Licensing (Ref: 23-64-102, 202, 203, 210, 214-218, 220, 223, 301-305, 507; 23-66-209) > Renewal, suspension, or revocation of license
    • Producer Responsibilities (Ref: 23-64-223, 224; 23-65-101)
    • Producer Responsibilities (Ref: 23-64-223, 224; 23-65-101) > Fiduciary capacity
    • Producer Responsibilities (Ref: 23-64-223, 224; 23-65-101) > Commissions
    • Producer Responsibilities (Ref: 23-64-223, 224; 23-65-101) > Fraud reporting
    • Property and Casualty Insurance Guaranty Association (Ref: 23-90-102-104, 106, 111, 112)
    • Marketing Practices (Ref: 23-66-206, 210, 211, 306; Rule and Reg. 43: 7-9)
    • Marketing Practices (Ref: 23-66-206, 210, 211, 306; Rule and Reg. 43: 7-9) > Unfair claims practices
    • Marketing Practices (Ref: 23-66-206, 210, 211, 306; Rule and Reg. 43: 7-9) > Unfair methods of competition
    • Marketing Practices (Ref: 23-66-206, 210, 211, 306; Rule and Reg. 43: 7-9) > Unfair methods of competition > Rebating
    • Marketing Practices (Ref: 23-66-206, 210, 211, 306; Rule and Reg. 43: 7-9) > Unfair methods of competition > Misrepresentation
    • Marketing Practices (Ref: 23-66-206, 210, 211, 306; Rule and Reg. 43: 7-9) > Unfair methods of competition > False advertising
    • Marketing Practices (Ref: 23-66-206, 210, 211, 306; Rule and Reg. 43: 7-9) > Unfair methods of competition > Defamation
    • Marketing Practices (Ref: 23-66-206, 210, 211, 306; Rule and Reg. 43: 7-9) > Unfair methods of competition > False financial statements
    • Marketing Practices (Ref: 23-66-206, 210, 211, 306; Rule and Reg. 43: 7-9) > Unfair methods of competition > Boycott, coercion, intimidation
    • Marketing Practices (Ref: 23-66-206, 210, 211, 306; Rule and Reg. 43: 7-9) > Unfair methods of competition > Unfair discrimination
    • Marketing Practices (Ref: 23-66-206, 210, 211, 306; Rule and Reg. 43: 7-9) > Unfair methods of competition > Twisting
  • ARKANSAS STATUTES, RULES, AND REGULATIONS COMMON TO PERSONAL LINES INSURANCE ONLY
    • Definitions (Ref: 23-62-104, 105, 107; 23-65-303-305, 308, 309; 23-79-307, 23-88-101; Title 16-64- 122)
    • Definitions (Ref: 23-62-104, 105, 107; 23-65-303-305, 308, 309; 23-79-307, 23-88-101; Title 16-64- 122) > Adjusting
    • Definitions (Ref: 23-62-104, 105, 107; 23-65-303-305, 308, 309; 23-79-307, 23-88-101; Title 16-64- 122) > Property insurance
    • Definitions (Ref: 23-62-104, 105, 107; 23-65-303-305, 308, 309; 23-79-307, 23-88-101; Title 16-64- 122) > Casualty insurance
    • Definitions (Ref: 23-62-104, 105, 107; 23-65-303-305, 308, 309; 23-79-307, 23-88-101; Title 16-64- 122) > Marine insurance
    • Definitions (Ref: 23-62-104, 105, 107; 23-65-303-305, 308, 309; 23-79-307, 23-88-101; Title 16-64- 122) > Valued Policy Law
    • Definitions (Ref: 23-62-104, 105, 107; 23-65-303-305, 308, 309; 23-79-307, 23-88-101; Title 16-64- 122) > Comparative Fault
    • Definitions (Ref: 23-62-104, 105, 107; 23-65-303-305, 308, 309; 23-79-307, 23-88-101; Title 16-64- 122) > Nonrenewal
    • Rural Risk Underwriting (Ref: 23-88-301, 303, 304, 306)
    • Rural Risk Underwriting (Ref: 23-88-301, 303, 304, 306) > Definitions
    • Rural Risk Underwriting (Ref: 23-88-301, 303, 304, 306) > Coverage/provisions
    • Homeowners Coverage (Ref: 23-62-104; 23-66-206, 210)
    • Homeowners Coverage (Ref: 23-62-104; 23-66-206, 210) > Provisions
    • Homeowners Coverage (Ref: 23-62-104; 23-66-206, 210) > Cancellation/renewal/nonrenewal
    • Farmowners
    • Automobile Insurance (Ref: 23-89-202, 209, 303-305; 401, 403, 404; Title 27-19-605, 711-713; Title 27-22-104)
    • Automobile Insurance (Ref: 23-89-202, 209, 303-305; 401, 403, 404; Title 27-19-605, 711-713; Title 27-22-104) > Required coverage/liability limits
    • Automobile Insurance (Ref: 23-89-202, 209, 303-305; 401, 403, 404; Title 27-19-605, 711-713; Title 27-22-104) > Financial responsibility/proof of insurance
    • Automobile Insurance (Ref: 23-89-202, 209, 303-305; 401, 403, 404; Title 27-19-605, 711-713; Title 27-22-104) > Uninsured/underinsured motorist
    • Automobile Insurance (Ref: 23-89-202, 209, 303-305; 401, 403, 404; Title 27-19-605, 711-713; Title 27-22-104) > Cancellation/nonrenewal
    • Arkansas Automobile Insurance Plan (Ref: 23-89-307; Title 27-19-106)
    • Arkansas Automobile Insurance Plan (Ref: 23-89-307; Title 27-19-106) > Personal
    • Earthquake and Deductible
    • Earthquake and Deductible > Notice and declination (Ref: 23-102-114)
  • Federal Laws and Regulations
    • Fair Credit Reporting Act
    • 18 United States Code (USC) Sections 1033 and 1034 - Purpose
    • Flood Insurance Education (National Flood Insurance Program (NFIP))
  • General Insurance Concepts
    • Risk
    • Risk > Methods of Handling Risk (e.g., Avoidance, Retention, Sharing, Reduction, Transfer)
    • Risk > Elements of Insurable Risks
    • Risk > Definitions (e.g., Risk, Hazard, Peril, Loss)
    • Classifications of Insurers
    • Classifications of Insurers > Mutual, Stock
    • Classifications of Insurers > Admitted, Non-Admitted
    • Classifications of Insurers > Foreign, Domestic, Alien
    • Elements of a Contract
    • Elements of a Contract > Consideration
    • Elements of a Contract > Competent Parties
    • Elements of a Contract > Legal Purpose
    • Elements of a Contract > Offer
    • Elements of a Contract > Acceptance
    • Authority and Powers of Producers - Definitions
    • Authority and Powers of Producers - Definitions > Express
    • Authority and Powers of Producers - Definitions > Implied
    • Authority and Powers of Producers - Definitions > Apparent
    • Authority and Powers of Producers - Definitions > The Law of Agency
    • Legal Interpretations Affecting Contracts
    • Legal Interpretations Affecting Contracts > Reasonable Expectations
    • Legal Interpretations Affecting Contracts > Indemnity
    • Legal Interpretations Affecting Contracts > Good Faith
    • Legal Interpretations Affecting Contracts > Fraud
    • Legal Interpretations Affecting Contracts > Warranties, Representations, Misrepresentations, and Concealment
  • Property and Casualty Insurance Basics
    • Insurable Interest
    • Liability
    • Liability > Absolute
    • Liability > Strict
    • Liability > Vicarious
    • Underwriting (Purpose, Process, Results)
    • Types of Hazards
    • Types of Hazards > Moral
    • Types of Hazards > Morale
    • Types of Hazards > Physical
    • Types of Perils
    • Types of Perils > Named
    • Types of Perils > Open
    • Types of Loss
    • Types of Loss > Direct
    • Types of Loss > Indirect
    • Loss Valuation
    • Loss Valuation > Actual Cash Value
    • Loss Valuation > Replacement Cost
    • Loss Valuation > Market Value
    • Loss Valuation > Agreed Value
    • Loss Valuation > Valued Policy
    • Loss Valuation > Functional Replacement Cost
    • Negligence
    • Negligence > Torts
    • Negligence > Elements of a Negligent Act
    • Negligence > Defense Against Negligence
    • Accident versus Occurrence
    • Policy Structure
    • Policy Structure > Declarations
    • Policy Structure > Definitions
    • Policy Structure > Insuring Agreement
    • Policy Structure > Additional/Supplementary Coverage
    • Policy Structure > Conditions
    • Policy Structure > Exclusions
    • Policy Structure > Endorsements
    • Policy Clauses
    • Policy Clauses > Insureds
    • Policy Clauses > Policy Period
    • Policy Clauses > Policy Period > Policy Territory
    • Policy Clauses > Policy Period > Cancellation and Non-Renewal
    • Policy Clauses > Policy Period > Deductibles
    • Policy Clauses > Policy Period > Other Insurance
    • Policy Clauses > Policy Period > Other Insurance > Nonconcurrency
    • Policy Clauses > Policy Period > Other Insurance > Primary and Excess
    • Policy Clauses > Policy Period > Other Insurance > Pro Rata
    • Policy Clauses > Policy Period > Other Insurance > Contribution by Equal Shares
    • Limits of Liability
    • Limits of Liability > Per Accident
    • Limits of Liability > Per Occurrence
    • Limits of Liability > Per Person
    • Limits of Liability > Aggregate
    • Limits of Liability > Split limits
    • Limits of Liability > Combined Single Limit
    • Coinsurance
    • Coinsurance > Purpose
    • Coinsurance > Definition
    • Coinsurance > Calculation
    • Coinsurance > Penalties
    • Coinsurance > Total versus Partial Loss
    • Specific, Scheduled, and Blanket Insurance
    • Vacant versus Unoccupied
    • Named Insured Provisions
    • Named Insured Provisions > First Named Insured versus Other Insureds
    • Named Insured Provisions > Duties After Loss
    • Named Insured Provisions > Assignment
    • Named Insured Provisions > Waiver of Rights
    • Insurer Provisions
    • Insurer Provisions > Liberalization
    • Insurer Provisions > Subrogation
    • Insurer Provisions > Claim Settlement Options
    • Insurer Provisions > Duty to Defend
    • Third-Party Provisions
    • Third-Party Provisions > Standard Mortgage Clause
    • Third-Party Provisions > Loss Payable Clause
    • Third-Party Provisions > No Benefit to the Bailee
  • Dwelling Policy Concepts
    • Purpose and Eligibility
    • Definitions
    • Perils Insured Against
    • Perils Insured Against > Basic
    • Perils Insured Against > Broad
    • Perils Insured Against > Special
    • Property Coverages
    • Property Coverages > Coverage A - Dwelling
    • Property Coverages > Coverage B - Other Structures
    • Property Coverages > Coverage C - Personal Property
    • Property Coverages > Coverage D - Fair Rental Value
    • Property Coverages > Coverage E - Additional Living Expenses
    • Property Coverages > Other Coverages
    • Personal Liability Supplement
    • Personal Liability Supplement > Coverage L - Personal Liability
    • Personal Liability Supplement > Coverage M - Medical Payments to Others
    • Dwelling Property Conditions
    • Dwelling Property Exclusions
    • Dwelling Policy Endorsements
  • Homeowners Policy Concepts
    • Definitions
    • Eligibility and Purpose
    • Homeowners Policy Coverage Forms
    • Homeowners Policy Coverage Forms > Broad (HO-2)
    • Homeowners Policy Coverage Forms > Special (HO-3)
    • Homeowners Policy Coverage Forms > Contents Broad (HO-4)
    • Homeowners Policy Coverage Forms > Comprehensive (HO-5)
    • Homeowners Policy Coverage Forms > Unit-Owners (HO-6)
    • Homeowners Policy Coverage Forms > Modified Coverages (HO-8)
    • Section I - Property Coverages
    • Section I - Property Coverages > Coverage A - Dwelling
    • Section I - Property Coverages > Coverage B - Other Structures
    • Section I - Property Coverages > Coverage C - Personal Property
    • Section I - Property Coverages > Coverage D - Loss of Use
    • Section I - Property Coverages > Additional Coverages
    • Section II - Liability Coverages
    • Section II - Liability Coverages > Coverage E - Personal Liability
    • Section II - Liability Coverages > Coverage F - Medical Payments to Others
    • Section II - Liability Coverages > Additional Coverages
    • Homeowners Policy Exclusions
    • Homeowners Policy Exclusions > Section I - Property Covered Exclusions
    • Homeowners Policy Exclusions > Section II - Liability Covered Exclusions
    • Homeowners Policy Conditions
    • Homeowners Policy Endorsements
    • Homeowners Policy Endorsements > Business Pursuits
    • Homeowners Policy Endorsements > Earthquake
    • Homeowners Policy Endorsements > Home Day Care
    • Homeowners Policy Endorsements > Personal Injury
    • Homeowners Policy Endorsements > Personal Property Replacement Cost
    • Homeowners Policy Endorsements > Watercraft
    • Scheduled Personal Property/Personal Articles Floater
  • Personal Automobile Policy
    • Definitions
    • Personal Injury Protection Definitions
    • Liability Coverage
    • Liability Coverage > Bodily Injury and Property Damage
    • Liability Coverage > Supplementary Payments
    • Liability Coverage > Exclusions
    • Liability Coverage > Liability Extension to Towed Vehicle
    • Medical Payments Coverage
    • Uninsured and Underinsured Motorists Coverage
    • Uninsured and Underinsured Motorists Coverage > Definitions
    • Uninsured and Underinsured Motorists Coverage > Bodily Injury
    • Uninsured and Underinsured Motorists Coverage > UM and UIM Rejection
    • Coverage for Damage to your Automobile
    • Coverage for Damage to your Automobile > Collision
    • Coverage for Damage to your Automobile > Other than Collision (Comprehensive)
    • Coverage for Damage to your Automobile > Deductibles
    • Coverage for Damage to your Automobile > Exclusions
    • Duties after an Accident or Loss
    • General Provisions
    • Endorsements
    • Endorsements > Towing and Labor Costs
    • Endorsements > Extended Non-Owned Coverage - Vehicles Furnished or Available for Regular Use
    • Endorsements > Joint Ownership Coverage
    • Endorsements > Rental Vehicle Coverage
  • Other Types of Personal Insurance
    • Personal Umbrella and Excess Policies
    • Mobile Home Policy (Insuring Agreement)
    • Earthquake Insurance (Insuring Agreement)
    • Earthquake Insurance (Insuring Agreement) > Deductible
    • Flood Insurance
    • Watercraft
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