Arizona Adjuster Practice Exam

When does Kelly's insurance producer license expire if she last renewed it in 2017?

1. On the last day of her birth month in 2021

2. On the last day of 2021

3. On the last day of her birth month in 2022

4. On her birthday in 2021

The correct answer is: On the last day of her birth month in 2021

The correct answer indicates that Kelly's insurance producer license expires on the last day of her birth month in 2021, which aligns with typical renewal practices for insurance licenses in many jurisdictions, including Arizona. Generally, insurance producer licenses are granted for a set duration, often to ensure that professionals stay updated with continuing education and industry standards. In this case, Kelly last renewed her license in 2017, which typically means her license is valid for a four-year period. If we assume her license follows a consistent renewal cycle, it would then expire on the last day of her birth month in 2021. This policy allows the regulatory body to keep the licenses organized and ensures that all insurance producers maintain up-to-date credentials. Understanding the specific expiration guidelines helps in maintaining compliance with regulatory requirements, which is essential for practicing in the insurance field. The other choices may suggest different timelines, but they do not adhere to the standard renewal cycle typically associated with such licenses.