When must Property and Casualty licenses be renewed?

Property and Casualty licenses must be renewed on the biennial anniversary of your birthday. This means that license renewal is tied to the date of your birth, providing a clear and predictable timeline for renewal. This system helps ensure that insurance professionals remain up-to-date with industry standards, regulations, and practices, as they are required to complete continuing education as part of the renewal process.

The other options suggest different timelines for renewal that do not align with the established rules. For instance, renewing every three years would not capture the specific biennial structure, while an annual review requirement would conflict with the two-year renewal timeline. Renewing every two years on the first of January does not account for the individualized schedule based on one's birthday, which is key in the licensing renewal process. Thus, the correct answer reflects the specific regulatory framework in place for Property and Casualty licenses in Arkansas.