Insurance License Readiness Test

10 questions, balanced across the exam's topics. Answer each one, then submit for your practice readiness estimate and per-topic breakdown. This is a practice estimate — not a prediction or guarantee of your official exam result.

Question 1

Which days applies to the property proof-of-loss deadline?

60 days 61 days 59 days 62 days

Question 2

What does the term "MIB" mean?

the Medical Information Bureau: shared medical underwriting data on applicants a third-party report on an applicant's background and lifestyle a statement guaranteed absolutely true; breach can void the policy incurred losses divided by earned premiums

Question 3

The days for the typical life insurance grace period is:

32 days 30 days 31 days 33 days

Question 4

All of the following are annuity payout options EXCEPT:

Joint-and-survivor annuity HO-4 policy Life annuity Life with period certain

Question 5

Identify the correct days: the retroactive period for workers' comp wage benefits.

22 days 21 days 20 days 23 days

Question 6

A policy loan of $10,000 is charged 6% annual interest. What is one year's interest?

$50 $1,200 $10,600 $600

Question 7

Which of the following best exemplifies unfair trade practices?

Medical payments coverage (PAP) Extended term insurance Actual cash value Unfair discrimination

Question 8

Identify the correct days: the common disability elimination period.

90 days 91 days 89 days 92 days

Question 9

Which of the following best exemplifies life insurance settlement options?

Disability income benefits (workers' comp) Waiver of premium rider Rebating Interest-only settlement

Question 10

What does the term "Open perils" mean?

Part D of the personal auto policy: pays for non-collision damage such as theft or hail coverage for all perils except those specifically excluded Coverage D: additional living expense after a covered loss makes the home uninhabitable the condo unit-owners form covering contents and interior improvements

Unanswered questions count as incorrect. Your answers are graded on the server; no answer key is sent to your browser.

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