Wisconsin Insurance Exam Cheat Sheet
Unlock the official Wisconsin exam cram sheet to master key state regulations, policy definitions, and exam-day metrics. Or, start with our free Wisconsin practice questions to test your knowledge.
What's Covered on the Wisconsin Life & Health Exam
Two exam lines — know what each one tests
Life Insurance Line
- Term, Whole, Universal & Variable Life policies
- Annuities (fixed, variable, immediate, deferred)
- Beneficiary designations & settlement options
- Policy riders: waiver of premium, AD&D, COLA
- Replacement rules & suitability requirements
- Grace period: 31 Days | Free-look: 10 Days (30 Days (LTC/Medicare))
Health Insurance Line
- Individual & group health, HMO, PPO, EPO, POS plans
- Medicare Parts A, B, C, D & Medigap supplements
- Medicaid & CHIP eligibility rules
- COBRA, HIPAA, ACA & continuation provisions
- Disability income: STD & LTD elimination periods
- Grace periods: 7 / 10 / 31 days by premium mode
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Frequently Asked Questions
Q:How do I pass the Wisconsin Life and Health insurance exam on my first try?
To pass the Wisconsin insurance licensing exam on your first attempt, follow this strategy: First, complete the required 20 hours of OCI-approved pre-licensing education per line (40 hours total for Life and Health). Second, study the core topics systematically — life, health, annuities, and Wisconsin-specific laws. Third, complete at least 400+ practice questions until you score 80% or higher. Finally, focus on Wisconsin OCI regulations, including replacement rules, grace periods, and Wisconsin Insurance Security Fund limits ($300,000).
Q:How many questions are on the Wisconsin insurance exam and what score is required?
Wisconsin does not offer a combined Life & Health exam. You must take separate exams: Life-Only (100 questions, 2-hour time limit) and Accident & Health-Only (100 questions, 2-hour time limit). A passing score of 70% is required for each exam. The exams are administered by PSI Services. We recommend aiming for 80%+ on practice tests to give yourself a comfortable margin.
Q:What topics are covered on the Wisconsin insurance licensing exams?
The Wisconsin insurance exams cover major areas: Life insurance (policy types, beneficiary designations, settlement options, group life), Health insurance (medical expense coverage, disability income, long-term care, Medicare, AWisconsin), Annuities (fixed, variable, indexed, immediate, and deferred, suitability, and taxation), General Insurance Principles (risk management, insurable interest, contract elements), and Wisconsin OCI regulations (intermediary licensing, replacement rules, free-look and grace periods, and unfair trade practices).
Q:How much does the Wisconsin insurance exam cost and where is it taken?
The Wisconsin insurance exam fee is $75 per attempt per line of authority, paid directly to PSI Services. The exam is administered by PSI, either at PSI testing centers across Wisconsin or via remote online proctoring. You can schedule online at test-takers.psiexams.com/wiins or by calling 1-800-733-9267.
Q:What are the pre-licensing education requirements for a Wisconsin insurance license?
Wisconsin requires 20 hours of OCI-approved pre-licensing education per line of authority. If you are seeking both Life and Accident & Health licenses, you must complete 40 hours total. Your education provider will report your completion to OCI and PSI. In addition, you must submit fingerprints through Fieldprint (using code FPWIOCIINSURANCE) for a background check prior to submitting your license application through NIPR.
Q:What happens if I fail the Wisconsin insurance exam?
If you fail the Wisconsin insurance exam, you can retake it by scheduling another attempt with PSI and paying the $75 exam fee again. There is no mandatory waiting period to retake the exam, but you must pass within one year of completing your pre-licensing education.