While not all jurisdictions require it, taking an insurance certification course in preparation for your Property and Casualty licensure exam is an excellent idea. It will not only assist you in comprehending the content, but it will also assist you in prioritizing and sticking to your study schedule. You can select from live online classes, OnDemand courses, or self-study printed books with Kaplan. You’ll get the License Exam Manual (LEM), State Law Supplement, a QBank with hundreds of practice questions, and access to a professional instructor regardless of the study option you choose.
The exam for property and casualty insurance license is difficult. It takes time and effort to prepare, but if you follow these study recommendations, you should be able to pass the exam on your first attempt. Learning what to expect on exam day is also beneficial.
If you’re interested in Kaplan’s Property and Casualty exam prep, check out our exam prep alternatives here. For every sort of student, we have a study bundle!
How hard is the OTL exam?
The OTL is a two-hour closed-book test with 100 multiple-choice questions to be solved in that time. To pass, students must achieve a score of 75%.
The exam is mainly weighted toward personal insurance (think: home and auto), with the following breakdown:
- Industry Knowledge (30%): This component includes topics such as ethics/professionalism, risk management, claims handling, insurance contracts, and insurance laws (Insurance Act).
- Habitational Insurance (32%), which covers various habitational insurance policies, endorsements, and liability insurance, among other things.
- Business Insurance (5%), which includes commercial property and liability insurance, is a modest sector (CGL).
- Automobile Insurance (33%), which covers auto insurance policies, endorsements, and terms and conditions.
It’s fine if you don’t pass the first time. You are free to rewrite as many times as you need.
Which insurance license is hardest?
All of the questions on the insurance exam are multiple choice. There are no fill-in questions (no need to memorize anything) and no essay questions (no need to be prepared to explain anything).
Definitions (terminology) and numbers are strongly tested on the insurance exam (dollar amounts and number of days).
The questions on the insurance exam are chosen from a big pool – you will have a different set of questions than the person next to you. If you retake the insurance exam, you should expect only a few of the questions to be repeated. Exams vary substantially in terms of the quantity of questions on any given topic, according to students.
Students report that around a third of the questions are vocabulary (definitional) questions, a third are number/day questions, and a third are questions that require you to apply your knowledge to a real-world situation (story problems usually short).
In most jurisdictions, there are four core exams: Life, Health, Property, and Casualty. The exams are combined in several states (Property & Casualty). Personal Lines exams are required in several areas for agents who only provide house or auto insurance.
To pass each exam in most states, you’ll need a score of 70-75. Each exam, however, is divided into two sections: the “national” insurance section and the “state” insurance section. Only the “national” insurance portion will be covered in this course.
Our students frequently inquire about whether issues about indemnification, for example, are grouped together. No, questions and topics are jumbled together at random, but it doesn’t appear to bother anyone.
We recommend calling PearsonVue (the testing company) at 1-800-274-8906 rather than registering for the exam online. Make sure to call at least three days ahead of time to schedule your exam. The earlier you sign up, the more likely you are to secure your preferred test date.
Each insurance licensure exam is unique in its difficulty. Students feel the Health insurance exam is more challenging than the Life insurance exam. Health insurance is simply more difficult to understand than life insurance.
Property insurance is less difficult than casualty insurance. Property insurance covers hazards that are simple to comprehend, such as fire, flooding, and earthquakes. Casualty insurance, on the other hand, is largely concerned with liability insurance, or protection against litigation. Casualty insurance is a more complex subject that is more difficult for pupils to grasp especially if they have never been sued before.
The state component of the insurance exam is quite complex and has its own set of difficulties. The state themes usually deal with minor matters pertaining to complex state regulations. None of this is simple, which is why we strive to make the material understandable and memorable.
This is a difficult exam. As you study for your exams, stick to a rigid timetable. When studying for the insurance exam, stay focused and diligent.
Yes. We have never had a student report that they were unable to complete the insurance exam due to a lack of time. Most students complete the assignment in about half the time provided (up to 3 1/2 hours). The only students who ever complained about running out of time were those who were attempting to memorize questions in case they had to retake the exam – a process we strongly discourage.
This is a computerized exam, not a paper exam. The proctors were helpful, the room was calm, and the computer performed effectively, according to almost all of the students. You will be given the option to take a practice exam to learn how to utilize the computer system from the proctors. You will not be provided a copy of the insurance exam once you have completed it, nor will you be given the option to study specific questions and their answers. The insurance exam will be graded right away, and you will be informed of the findings before you leave.
There is no way to avoid learning the subject. There are no shortcuts to learning, but there are ways to learn that are more successful and less irritating. We recommend following a four-step procedure:
What is the Series 6 pass rate?
What Is the Pass Rate for the Series 6 Exam? The Financial Industry Regulatory Authority (FINRA) recently stated that first-time exam takers passed 59 percent of the time. If you do not pass the Series 6 exam the first time, you must wait 30 days before taking it again.
MY EXAM WAS A FAILURE. WHAT DO I DO NOW?
We’re sorry to hear that your first attempt at passing your state’s licensing exam was unsuccessful. These licensure examinations are demanding, and some candidates will have to retake them in order to achieve their goal. We want to assist you in getting there, so we suggest that you:
Step 1: Understand the retake restrictions and rules. In California, an applicant who fails an insurance licensure examination ten times in the previous 12 months is prevented from taking the exam again for a year. For example, a candidate who takes the life-only examination eight times and the combination life and accident/health or sickness examination two times in the same 12-month period has reached the ten examination limit for taking any life agent examinations and will be unable to retake a life agent examination until the waiting period has expired.
Step 2: Request a rescheduling of your exam. You must re-register by following the registration and scheduling stages from the beginning.
Step 3: Subject matter specialists from ExamFX are available by email to assist you in passing your licensure exam on your next attempt. Following your testing appointment, many testing providers will offer you with a score report or performance summary. Use this report to tell the ExamFX subject matter experts which sections of the exam you’re having the most trouble with.
Step 4: Go over your notes. ExamFX materials are generated by examining your testing provider’s or Department of Insurance’s exact testing plan. This indicates that your course contains all of the knowledge you’ll need to pass your exam. Be confident that with additional study, you will pass your licensing exam and reach your objectives!
http://www.insurance.ca.gov/0200-industry/0200-prod-licensing/0400-other-info/0800-questions-answers/education/continuing-education/email.cfm
The preceding data is provided solely for educational reasons. The accuracy of the information on this page is not guaranteed by ExamFX. Although every effort has been made to ensure that the material on this page is accurate, it is subject to change without notice. It is the producer’s responsibility to comply with their state’s standards.
How hard is the Texas adjuster test?
Yes, the insurance adjuster exam is a challenging one. The insurance exam in Texas is, however, substantially easier than in most other states. The types of insurance policies, provisions, options, exclusions, application completion, underwriting, and more are all covered in this comprehensive test. That’s a lot of stuff to memorize, which is perhaps why only 60% of people pass the insurance exam the first time around. This is rarely the case for students in the 2021 Training program. Over 95% of our students pass the readiness exam the first time they take it, paving the way for long and prosperous careers as Texas insurance adjusters.
This is partly due to the fact that we allow students to learn at their own speed and provide them with full access to study resources and industry experts, but we also have some useful study suggestions to aid you in your pursuit of a career as an insurance adjuster.
I FAILED MY EXAM. NOW WHAT?
Step 1: A failed candidate can arrange a fresh exam within one day; there is no limit to how many times a candidate can take the same exam.
Step 2: Subject matter specialists from ExamFX are available by email to assist you in passing your licensure exam on your next attempt. Following your testing appointment, many testing providers will offer you with a score report or performance summary. Use this report to tell the ExamFX subject matter experts which sections of the exam you’re having the most trouble with.
Step 3: Research your sources. ExamFX materials are generated by examining your testing provider’s or Department of Insurance’s exact testing plan. This indicates that your course contains all of the knowledge you’ll need to pass your exam. Be confident that with additional study, you will pass your licensing exam and reach your objectives!
What is CIP insurance?
The Chartered Insurance Professional (CIP) designation is the gold standard in the insurance industry. The changing face of insurance necessitates expanding your understanding beyond insurance basics to growing complexity, lines of business, specialty, and complex hazards.