Taking the Insurance Licensing Exam


Read the questions carefully. It can often help to reword the question to make sure you understand what is being asked.

Don't spend too much time on questions that you absolutely don't know. Eliminate whatever might be obviously wrong then put your best guess. Move on to the next question. Most states require 70% or 75% to pass, that allows quite a few wrong answers, so don't panic or stress when you don't know an answer. Of course, your goal is to do well!

Go with your gut instinct. Often the first answer you put for a question is the correct one if you are taking an educated guess. Statistically, you will more often change a correct answer to an incorrect one if you go back and change your answers.

About half the questions on the insurance licensing exam are fairly straightforward facts

The concept of restoring someone to the same financial position in which they were before a loss is called:

Some exam questions will require some deductive reasoning

J and R insure their building for $140,000 under a Building and Personal Property coverage form. AB Bank holds a $70,000 mortgage on the building. When the building is destroyed by a propane gas explosion the insurance company discovers that the building was used to store hot air balloons and tanks, when J and R had told them at time of the application that the building would be used to store office furniture and files. How much will the insurer pay?

Other licensing exam questions are asked in the negative. Watch for this type of trick question

Which of the following statements about the subrogation clause is NOT correct? (The temptation is there to mark the first answer perceived as correct, which is A. What the question is asking, though, is for the answer which is NOT correct about the subrogation clause. Be sure to read each question and understand what the question is really asking. There are many questions that are meant to trick you-to catch you if you aren't paying attention.)

Make sure you answer the question that is asked

Which of the following is not an unfair claims practice? (Rebating is an Unfair Trade Practice, not an Unfair Claims Practice)

Which one of the following is not covered by Bodily Injury and Property Damage in the Commercial General Liability policy? (This is covered by Medical Expense coverage, not by Bodily Injury and Property Damage.)

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Insurance Licensing - Health
Insurance Licensing - Life
Insurance Licensing - Life and Health
Insurance Licensing - Property and Casualty

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Select the state insurance exam you will be taking:


Insurance Licensing - Health
Insurance Licensing - Life
Insurance Licensing - Life and Health
Insurance Licensing - Property and Casualty
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