There was a 21 percent increase in insurance agent licensure in Arkansas in 2017 compared with the previous year, state insurance regulators announced.
According to Arkansas Insurance Commissioner Allen Kerr, the “increase is another example to the insurance industry that Arkansas is open for business. An agent license is a job, and a resident license is a job in Arkansas. I am very proud of the work AID has done to make the licensure, education, and pre-education processes more streamlined to help with new job creation.”
At the end of 2017, the Arkansas Insurance Department licensed 122,053 insurance producers and adjustors, an increase over the 101,070 at the end of 2016. In 2017, the number of resident licenses was 20,308, an increase over the 18,457 licenses granted in 2016.
Since the end of 2014, the number of licensed producers and adjustors has jumped from 87,380, an increase of 40 percent.
Source: Arkansas Insurance Department