(a) Within a reasonable time and in a location to be determined by the Insurance Commissioner, after filing of application and payment of the applicable fees, the commissioner shall subject each applicant for license as an insurance consultant to a written examination.(b) If the applicant is a firm, limited liability company, or corporation, the examination shall be taken by each individual who is to be named in the license as having authority to act for the applicant in its insurance transactions under the license.(c) Examination of an applicant for an insurance consultant's license shall cover the kinds of insurance as to which the applicant is to be licensed.(d)(1) The commissioner may give, conduct, and grade all examinations, or he or she may arrange to have examinations administered and graded by an independent testing service as specified by contract, in a fair and impartial manner, and without unfair discrimination as between individuals examined.(2) Any written examination may be substituted by an oral examination of the applicant if so deemed necessary under any applicable statute, including, but not limited to, the Americans with Disabilities Act.(3) The commissioner may be substituted by an oral examination of the applicant if so deemed necessary under any applicable statute, including, but not limited to, the Americans with Disabilities Act.(3) The commissioner shall require a waiting period of four (4) weeks before reexamination of an applicant who thrice failed to pass previous similar examinations. This waiting period applies after every third unsuccessful attempt.Acts 1959, No. 148, § 157; 1967, No. 33, § 2; 1979, No. 942, § 22; 1983, No. 433, § 1; 1983, No. 823, § 1; 1985, No. 307, § 1; A.S.A. 1947, §§ 66-2814, 66-2838; Acts 1987, No. 622, §§ 5, 6; 1991, No. 1123, § 21; 1993, No. 901, § 22; 1997, No. 1004, § 1; 1999, No. 657, § 3; 1999, No. 943, § 1; 2001, No. 580, § 9.
Arkansas Legal Code