17.1 All policies of credit life insurance and credit disability insurance shall be delivered or issued for delivery in this State only by an insurer authorized to transact insurance business therein, and shall be issued only through holders of licenses issued by the Commissioner. At least one person so licensed shall be available in each location where credit insurance is offered, whether such insurance is offered on an individual or group basis. (Attention is called to Ark. Stat. Ann. § 66-2814(7)(a) which exempts applicants for licenses to sell credit insurance from the examination requirements of § 66-2814(1).)