VIP Exclusive
Insurance Producer Licensing VIP Practice Exam
Insurance — This exam mirrors the state Insurance Producer Licensing Exam administered by testing providers such as Pearson VUE and PSI on behalf of state insurance departments; most states require 150 questions, a 2.5-hour time limit, and a passing score of 70–75% to obtain a property & casualty or life & health producer license.
53
Questions
150m
Time Limit
70.00%
To Pass
Question 1 of 53👑 VIP
A homeowner's policy covers a dwelling with a replacement cost of $400,000. The homeowner purchased coverage of only $200,000. After a partial loss of $80,000, the insurance company applies the coinsurance clause. Assuming an 80% coinsurance requirement, how much will the insurer pay (ignoring any deductible)?
Questions 2–53 and full explanations are VIP-exclusive.