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The Foundation Insurance Test is considered an entry-level qualification [1] for those beginning insurance careers and is usually taken before advancing to more demanding examinations such as the CII exams. The exam is multiple choice and in 2012 the exam had a pass rate of 78.43%. A nominal pass mark is set at 70% although the actual pass mark ...
Most of the exams are multiple choice and administered on computers at Prometric testing centers. Candidates are allowed to use a calculator from an approved list. [34] The exams are timed and last between three and four hours. Some tests provide instant feedback as to whether or not a candidate has passed that particular exam (see table below).
A designee must pass an exam on each topic and can choose between a personal insurance and a commercial insurance concentration, which includes one elective of their choosing, as well as one ethics course. These exams are standardized, two hour multiple choice, objective-type exams. The exams are known for their difficulty. [1] [2]
The CAS requires all candidates to qualify through a series of actuarial exams covering various aspects of actuarial practice. Passing Exams 1–6 as well as Exam S, the Course on Professionalism, the Validation by Educational Experience (VEE), and two online courses qualifies an actuary for the Associateship designation; passing three additional exams is required to become a Fellow. [10]
Obtaining life insurance can feel like a complicated process, especially if the thought of a medical exam puts you off. The good news is you don’t always need an exam to get covered.
The CIC certification program was started by the National Alliance for Insurance Education & Research in Austin, Texas in 1969. [1] Some CIC courses can be used to fulfill state continuing education requirements for licensing as an insurance agent. [2] The CIC program is for agency owners, producers, agents, brokers, and agency and company ...
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