State RegulationsAZ specificDifficulty 1/5
What is the license fee for an Arizona insurance producer license?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
Under Arizona licensing law administered by the Arizona Department of Insurance and Financial Institutions (DIFI), the producer license fee is one hundred twenty dollars per license class. The fifty-dollar and fifty-nine-dollar figures are the examination fees for the life and the combined life, accident and health examinations respectively — they are paid for testing, not for the license itself.
Why the other options are wrong
- B) Wrong because fifty dollars is the examination fee for the life producer examination, not the license fee charged per license class.
- C) Wrong because fifty-nine dollars is the examination fee for the combined life, accident and health examination, not the producer license fee.
- D) Wrong because five hundred dollars is the settlement broker authority fee under A.R.S. 20-3202, not the standard producer license fee.
Memory hook
License itself costs one-twenty; the exam fees are separate.