Jeffrey Wade
The North Carolina Life Insurance exam consists of 60 total questions, 55 of which are scored and 5 of which are unscored pre-test questions. The exam is 75 minutes long and requires a passing score of 70% to pass.
| Characteristics | Values |
|---|---|
| Number of Questions | 60 Total Questions (55 scored, 5 pretest) |
| Time Limit | 75 Minutes |
| Passing Score | 70% |
What You'll Learn
The number of questions and time limit
The North Carolina Life Insurance exam consists of 60 questions in total, with 55 of these being scored and the remaining 5 being unscored 'pre-test' questions. The time limit for the exam is 75 minutes, and the passing score is 70%. This means that at least 39 of the 55 scored questions must be answered correctly.
The North Carolina Life Insurance exam is structured as a two-part test, with the two parts scored together rather than individually. Candidates should monitor their time to ensure they have adequate time for the second part.
The North Carolina Accident and Health or Sickness Insurance exam also consists of 60 questions in total, with the same number of scored and unscored questions, and the same time limit and passing score. This means that the same number of correctly answered questions is required.
The North Carolina Property Insurance exam and the North Carolina Casualty Insurance exam follow the same format as the Life Insurance exam, with the same number of questions, time limit, and passing score.
The North Carolina Personal Lines Insurance Examination is structured differently, with 96 total questions (80 scored and 16 unscored), a time limit of 1 hour and 45 minutes, and the same passing score of 70%.
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Topics covered
The North Carolina Life Insurance exam covers a broad range of topics, including:
Basic Principles of Life Insurance, the Insurance Industry, and Types of Life Insurance Policies
This section covers the foundational knowledge of life insurance, including the different types of policies available, such as term and permanent insurance.
Annuities
Annuities are a key component of the exam, with a focus on annuity principles and features.
Life Insurance Policies, Provisions, and Other Features
Candidates need to understand the various provisions, options, and features associated with life insurance policies, including premiums, proceeds, beneficiaries, and underwriting.
Life Insurance Underwriting and Policy Issue
The exam will test your knowledge of the underwriting process and policy issuance, including the factors considered when evaluating a life insurance application.
Other Life Topics
In addition to the core life insurance concepts, the exam covers group insurance, conversion, tax-qualified retirement plans, Social Security, federal taxation, cost comparison methods, and variable life insurance.
North Carolina Statutes and Regulations Pertinent to Life Insurance
It is important to be familiar with the specific statutes and regulations related to life insurance in North Carolina, including contract requirements, licensing, privacy protection, unfair trade practices, and continuing education mandates.
Accident and Health Insurance Policies
The exam also covers accident and health insurance, including disability income insurance, basic and major medical expense plans, and managed care environments.
Accident and Health Insurance Policy Provisions
Candidates need to understand the mandatory, optional, and other provisions within accident and health insurance policies.
Other Accident and Health Topics
This section covers group insurance, Social Security, federal taxation issues, misrepresentation and concealment, and their implications for accident and health insurance.
North Carolina Statutes and Regulations Pertinent to Accident and Health Insurance
Similar to the life insurance section, candidates need to know the specific statutes and regulations related to accident and health insurance in North Carolina.
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Passing score
The North Carolina Life Insurance exam consists of 60 total questions, 55 of which are scored, and 5 of which are pre-test questions. The passing score is 70%. This means that candidates must answer at least 39 of the 55 scored questions correctly to pass. The exam is structured as a two-part test, and the time limit for the entire exam is 75 minutes. The two parts are scored together, not individually, so candidates must achieve an overall passing score of at least 70%.
The North Carolina Life Insurance exam covers a range of topics, including types of individual life insurance, annuities, policy provisions, and other life topics such as group insurance and tax-qualified retirement plans. The exam is designed to test the candidate's knowledge of the insurance industry, including important concepts and regulations specific to the state of North Carolina.
The North Carolina Life Insurance exam is a computer-based, multiple-choice exam. Candidates who fail the exam will receive a score report that includes a numeric score and diagnostic information relating to the general portion of the examination. Candidates who pass the exam will receive a score report marked "pass."
It is important to note that North Carolina requires producer licensing candidates to complete a state-approved prelicensing course before taking the state licensing exam. This prelicensing course typically involves a minimum of 20 hours of study and passing a final exam with a score of at least 70%.
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Exam format
The North Carolina Life Insurance exam is a multiple-choice test that takes place on a computer. The exam consists of 60 total questions, 55 of which are scored, and 5 of which are pre-test questions that will not be counted toward your final score. The time limit for the exam is 75 minutes, and the passing score is 70%.
The exam is divided into two parts, but the time allotted covers both parts. The two parts are scored together, not individually, and candidates must achieve an overall passing score of at least 70%. This means that at least 39 of the 55 scored questions must be answered correctly. Candidates should monitor their time to ensure they have adequate time for the second part.
The exam covers a range of topics, including types of individual life insurance, annuities, policy provisions, and other life topics such as group insurance and tax-qualified retirement plans. The full exam outline can be found in the Pearson VUE Candidate Handbook.
In addition to the Life Insurance exam, North Carolina also offers an Accident and Health or Sickness Insurance exam. This exam covers topics such as accident and health insurance policies, policy provisions, and other accident and health topics. The format of this exam is similar to the Life Insurance exam, with 60 total questions (55 scored and 5 pre-test) and a time limit of 75 minutes. The passing score is also 70%.
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Post-exam steps
Once you have passed the North Carolina Life Insurance exam, there are several steps you need to follow to complete the licensing process and start selling insurance in the state. Here are the post-exam steps you need to take:
Step 1: Complete the electronic application
After passing the exam, you need to complete an electronic application on the National Insurance Producer Registry (NIPR) website. This is a crucial step in the process, as it will allow you to proceed with the licensing procedure. Make sure to have all the necessary information and documents ready before starting the application.
Step 2: Fingerprinting
North Carolina requires fingerprinting as part of the license application process. After completing the electronic application, you will receive instructions and a link to print the Fingerprint Submission Packet-Release Form. Contact your local law enforcement agency to schedule an appointment for fingerprinting services and bring the completed form with you. There may be a fee associated with this service.
Step 3: Submit the completed Fingerprint Submission Packet
Once you have completed the fingerprinting process, you need to submit the Fingerprint Submission Packet to the North Carolina Licensing Office at Pearson VUE. You can send the completed form via fax, email, or mail. Make sure to include all the required pages and a copy of your photo ID.
Step 4: Wait for approval
After submitting all the required documentation, the North Carolina Licensing Office will review your application. If your application is approved, you will receive an email notification within 48 to 72 hours, informing you that you can print your license. Make sure to check your email regularly during this period.
Step 5: Maintain your license
It is important to stay up to date with any continuing education requirements to maintain your license. Most insurance licenses in North Carolina must be maintained by completing a certain number of credit hours of continuing education each licensing period. Familiarize yourself with the specific requirements for your license and plan your continuing education accordingly.
By following these steps, you will be able to complete the licensing process and start your career as a life insurance agent in North Carolina. Remember to stay organized and timely with your applications and submissions to ensure a smooth and efficient process.
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Frequently asked questions
The exam consists of 55 scored questions and 5 additional "pre-test" questions that will not be counted.
The exam duration is 1 hour and 15 minutes.
A score of 70% or above is required to pass the exam.
The exam covers various topics, including types of life insurance policies, annuities, policy provisions, underwriting, group insurance, tax-qualified retirement plans, and North Carolina-specific statutes and regulations related to life insurance.
