LLQP Exam Prep

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Questions and Answers

What is the minimum passing grade required on each LLQP module certification exam?

  • 50%
  • 70%
  • 60% (correct)
  • 75%

After successfully completing all LLQP certification exams, what is the next step to obtain a life insurance license?

  • Completing a practical training program
  • Applying directly to an insurance company
  • Taking the provincial exams (correct)
  • Submitting an application to FINRA

How many modules are there in the LLQP program?

  • Two
  • Five
  • Four (correct)
  • Three

What is the primary focus of one of the four LLQP modules?

<p>Ethical conduct (D)</p> Signup and view all the answers

Which of the following must be completed first: LLQP certification exams or provincial exams?

<p>LLQP certification exams (D)</p> Signup and view all the answers

What happens if an individual fails one of the LLQP module certification exams?

<p>They must retake only the failed certification exam. (C)</p> Signup and view all the answers

What is the ultimate goal of completing the LLQP program and passing the required exams?

<p>To obtain a life insurance license (D)</p> Signup and view all the answers

How many provincial exams must be completed to obtain your life insurance license, assuming all LLQP certification exams have been passed?

<p>Four (C)</p> Signup and view all the answers

Which of the following is a component of the LLQP program?

<p>Four modules and corresponding certification exams. (B)</p> Signup and view all the answers

Before taking the provincial exams, what specific requirement must be met concerning the LLQP certification exams?

<p>Successfully completing all of the exams with a minimum of 60%. (A)</p> Signup and view all the answers

Flashcards

LLQP Program

A program consisting of four modules, including an ethics module, each with a certification exam.

60% Minimum Mark

The minimum passing grade required on each of the four LLQP certification exams.

Provincial Exams

Completing all LLQP certification exams successfully makes you eligible for these.

Four Provincial Exams

Required after passing all four LLQP certification exams to obtain a life insurance license.

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Study Notes

  • An email with password reset instructions will be sent after entering username or email address.
  • The LLQP program contains four modules, including one ethics module.
  • Each module has a certification exam.
  • A minimum mark of 60% is required to pass each certification exam.
  • After successfully completing all certification exams, you can take the four corresponding provincial exams.
  • Passing the provincial exams is required to procure a life insurance license.

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