Quick Answer: How do I pass a personal line insurance test?

How hard is it to pass the insurance exam?

Each state controls its own insurance licensing process and not all states report pass rates for their exams. Of the states that do provide that data, the overall pass rate for all insurance exams is 60%. The best way to be part of this majority is to take a study course and prepare. … Property Insurance: 53.6%

How do I study for an insurance exam?

10 Tips to Help you Study for Your Insurance Exams

  1. Relax – It’s a big deal, I know. …
  2. Figure out how you study best. …
  3. Create a plan for exam prep at least a month before. …
  4. Complete all your test prep materials. …
  5. Apply the 50-10 rule when studying. …
  6. Take your time. …
  7. Know when to stop. …
  8. Get a good night’s rest.

How many questions are on a personal line exam?

Examinations: Time Limit and Number of Questions

Examination Type Time Allowed Number of Questions
Personal Lines Broker-Agent 2 hours 90
Commercial 1.5 hours 60
Limited Lines Automobile Insurance Agent 1.5 hours 60
Insurance Adjuster 2.5 hours 100
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Can you cheat on insurance exam?

Notice – BEWARE!! Cheating is a Crime . . . Per Section 1681.5(b) of the California Insurance Code, willfully cheating or subverting a license examination is punishable by a fine not to exceed $10,000 or imprisonment not to exceed one year.

What is the hardest insurance exam?

Which insurance test is the toughest? Each insurance licensing exam presents its own challenge. Between Life and Health, students say that the Health insurance exam is the more difficult. Health insurance policies are simply more complicated than life insurance policies.

What happens if you fail life insurance exam?

You will find out if you passed or failed the exam at the testing center. However, you cannot register to take it again at that time. Instead, you must wait 24 hours before you can register again. You can take the exam three times in one year.

How many hours a day should I study for insurance exam?

The average exam-taker should expect to spend about 35 to 40 hours studying to pass the life and health insurance exam. It is recommended that you do your studying over the course of a few weeks (a study package can help with this), rather than trying to cram the week of or night before the exam.

How do you pass insurance?

How to Pass the Life Insurance Exam

  1. Step 1: Learn Your State’s Requirements and Get the Exam Outline. …
  2. Step 2: Schedule Your Exam. …
  3. Step 3: Have a Study Plan to Pass the Life Insurance Exam. …
  4. Step 4: Follow the State Exam Outline. …
  5. Step 5: Prepare and Practice. …
  6. Step 6: Know the Exam Center Process.
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How much do insurance agents make?

According to the U.S. Bureau of Labor Statistics, an insurance agent makes an average of $50,600 per year as of 2018. The position’s pay can vary drastically, with the lowest 10% earning less than $27,500, and the highest 10% earning more than $125,610.

How much does it cost to become a licensed insurance agent?

Prices for the exam vary by state but typically run between $40-$150. Once the test is completed the next step is to apply for your insurance license. Each state has its own license application process. Generally, there is an application fee ranging from $30-$200 and a background check that could run around $30.

What does personal lines consist of?

Personal lines insurance includes products such as homeowners insurance, flood insurance, earthquake insurance, renters insurance, automobile insurance, life insurance, disability insurance, umbrella insurance, and health insurance.

Can you retake life insurance exam?

Yes, you can; however, it is up to the underwriters to approve another medical exam and be willing review the new results for a premium adjustment. In most cases, six months is the required waiting period.