100+ Free Befähigungsprüfung Versicherungsagent Practice Questions

Prepare for the Befähigungsprüfung für das reglementierte Gewerbe Versicherungsvermittlung in der Form Versicherungsagent (Austria) exam with instant access — no signup required.

✓ No registration✓ No credit card✓ No hidden fees✓ Start practicing immediately

100+ Questions

100% Free

Loading practice questions...

Same family resources

Explore More Austria Insurance Intermediary Licensing (WKO)

Continue into nearby exams from the same family. Each card keeps practice questions, study guides, flashcards, videos, and articles in one place.

Befähigungsprüfung Versicherungsmakler (Austria)

Practice Questions100 questions

2026 Statistics

Key Facts: Befähigungsprüfung Versicherungsagent Exam

100

Practice Questions in This Bank

OpenExamPrep

2 Modules

Modul 1 written and Modul 2 oral, both over the same five Gegenstände

Versicherungsagenten-Prüfungsordnung 2011

5 Gegenstände

Subjects that must each be graded positively to pass a module

Versicherungsagenten-Prüfungsordnung 2011, §§ 3, 4 and 7

4 Hours

Maximum duration of the written Modul 1 (tasks designed for 3 hours)

Versicherungsagenten-Prüfungsordnung 2011, § 3 Abs. 2

10-20 Minutes

Length of the oral examination per Gegenstand in Modul 2

Versicherungsagenten-Prüfungsordnung 2011, § 4 Abs. 2

€0

Examination fee for the first and second attempt since 1 January 2024

WKO Meisterprüfungsstelle

15 Hours

Annual training obligation for insurance intermediaries (5 hours in Nebentätigkeit)

GewO 1994 § 137b Abs. 3

€7,790,000

Statutory motor third-party liability sum insured for an ordinary vehicle

KHVG 1994 § 9 Abs. 3 Z 4

The Austrian Befähigungsprüfung Versicherungsagent is the statutory qualification for the regulated trade of insurance distribution in the form Versicherungsagent under § 137 GewO 1994, conducted by WKO Meisterprüfungsstellen. Modul 1 is written, Modul 2 oral, and both cover the same five Gegenstände - general law, insurance law, social and personal lines, motor, property and pecuniary lines, and the professional rules of agency practice. Admission needs only Eigenberechtigung, and the first two attempts at each module have been free since 1 January 2024. This prep bank provides 100 research-based English-language practice questions with full explanations.

Sample Befähigungsprüfung Versicherungsagent Practice Questions

Try these sample questions to test your Befähigungsprüfung Versicherungsagent exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1What determines whether an Austrian insurance intermediary exercises the regulated trade in the form 'Versicherungsagent' rather than 'Versicherungsmakler und Berater in Versicherungsangelegenheiten'?

A.The actual relationship with insurance undertakings: an agent is permanently entrusted by contract with intermediating or concluding insurance contracts in the name and on behalf of one or more insurers

B.An independent fiduciary trustee representing solely the policyholder and bound to conduct an impartial full-market comparison

C.A salaried direct-sales employee of a single insurance company without an independent trade license

D.A financial planner licensed exclusively to intermediate non-insurance mutual funds and real estate investment trusts

Explanation: § 137 Abs. 1 GewO 1994 defines the activities that constitute Versicherungsvermittlung, and § 137 Abs. 2 states that the trade under § 94 Z 76 may be exercised, 'entsprechend der tatsächlichen Beziehung zu Versicherungsunternehmen', either in the form 'Versicherungsagent' or in the form 'Versicherungsmakler und Berater in Versicherungsangelegenheiten'. The agent is therefore the intermediary tied by agency contract to one or more insurers and acting in their name — the counterpart to the broker, who under § 26 MaklerG acts for the customer without being tied to an insurer.

2How does § 137 GewO 1994 implement 'status clarity' (Statusklarheit) where the same person holds trade licences both as Versicherungsagent and as Versicherungsmakler?

A.Insurance distribution may be exercised only in one form at a time; under § 137 Abs. 2a GewO 1994 the second licence for the other form automatically becomes a dormant (ruhende) authorisation and may be resumed only once the first has been suspended or has ended

B.Both licences may be exercised in parallel for the same client provided the client signs a standard disclaimer

C.The intermediary must change their registered status every three years based on the volume of multi-tied business written

D.An insurance agent may issue binding broker advisory certificates once they hold more than five agency agreements

Explanation: § 137 Abs. 2 GewO 1994 states that insurance distribution is exercised either in the form 'Versicherungsagent' or in the form 'Versicherungsmakler und Berater in Versicherungsangelegenheiten', according to the actual relationship with insurance undertakings. § 137 Abs. 2a adds that an existing or newly registered licence for the other form becomes a dormant (ruhende) authorisation; resuming it is only valid if the other form has been suspended or has ended. Holding both licences is therefore possible, but exercising both at the same time is not.

3Where must an Austrian insurance agent be registered before legally commencing insurance distribution activities?

A.In the Austrian Trade Information System (Gewerbeinformationssystem Austria - GISA) as a licensed insurance intermediary

B.In the Commercial Court Register (Firmenbuch) only, without any specific administrative trade notification

C.Exclusively with the Austrian Financial Market Authority (FMA) in the banking register

D.With the European Insurance and Occupational Pensions Authority (EIOPA) central direct registry in Frankfurt

Explanation: Under § 137a GewO 1994, all insurance intermediaries must be entered in the publicly accessible Gewerbeinformationssystem Austria (GISA), which serves as the official Austrian Insurance Intermediary Register (Versicherungsvermittlerregister) pursuant to the EU Insurance Distribution Directive (IDD).

4Under the EU Insurance Distribution Directive (IDD) transposed into § 137b GewO 1994, what is the mandatory annual continuing professional development (CPD) requirement for Austrian insurance agents?

A.At least 15 hours of training per year (five hours where insurance distribution is carried on only as a Nebentätigkeit), starting in the calendar year after entry in the GISA

B.At least 40 hours of accredited university coursework every two years

C.A mandatory 5-day seminar every five years upon licence renewal

D.There is no statutory minimum as long as sales targets are achieved

Explanation: § 137b Abs. 3 GewO 1994 requires the trader, the responsible members of the management body and everyone directly involved in insurance distribution to complete at least 15 hours of professional training per year — five hours for insurance distribution as a Nebentätigkeit — from the calendar year following entry in the GISA. Evidence of attendance must be kept at the business premises for at least five years for inspection by the authority, and § 137b Abs. 3a requires that at least half of the obligation be completed at designated independent training institutions.

5What is the primary legal distinction between an exclusive single-tied agent (Einfirmen-Vertreter) and a multi-tied agent (Mehrfachagent)?

A.A single-tied agent represents only one insurance undertaking, whereas a multi-tied agent holds agency contracts with several insurance undertakings across non-competing or competing lines

B.A single-tied agent is legally an employee, whereas a multi-tied agent is an independent broker

C.A multi-tied agent is exempt from GISA registration, while a single-tied agent must register

D.A single-tied agent must provide professional indemnity insurance, whereas a multi-tied agent cannot be held liable for advice

Explanation: An exclusive or single-tied agent is contractually bound to one specific insurance company, whereas a multi-tied agent (Mehrfachagent) holds agency agreements with multiple insurers. Both remain insurance agents under GewO 1994, acting on behalf of the insurers they represent.

6Under the special rules for insurance agents in the Austrian Commercial Agents Act (§ 26b HVertrG 1993), when does the commission claim (Provisionsanspruch) arise?

A.On the legal effectiveness of the brokered contract, if and to the extent that the policyholder has paid the premium owed — or would have had to pay it had the insurer performed its obligations

B.Immediately upon handing the application form to the prospective client, even if the insurer declines the risk

C.Only after the insurance policy has been in force without any claim for a full 5-year period

D.Exclusively upon the mutual termination of the agency agreement between the agent and the insurer

Explanation: § 26b Abs. 2 HVertrG derogates from the general rule in § 9 HVertrG for insurance agents: the commission claim arises with the legal effectiveness of the brokered transaction, if and to the extent the policyholder has paid the premium owed (or would have had to pay it had the insurer performed). If the insurer has justified grounds to terminate the contract or reduce the premium, the commission lapses or is reduced accordingly. Under § 26b Abs. 4, the insurer must settle commission no later than one month after the claim arises.

7What is the function of a commission clawback liability period (Stornohaftungszeit) in Austrian insurance agency practice?

A.A contractual period (typically 36 to 60 months in life insurance) during which the agent must repay all or a pro-rata portion of the upfront acquisition commission if the policyholder lapses or cancels the policy

B.A statutory 14-day window during which the insurer may withhold trade registration fees

C.A 10-year limitation period during which an agent cannot work for a competing insurance undertaking

D.A probationary period during which an agent receives double commission on commercial property lines

Explanation: In long-term insurance contracts (especially life insurance), agency agreements typically include a Stornohaftungszeit (clawback period of up to 5 years). If the policy lapses or is terminated early by the policyholder, the unearned pro-rata portion of the upfront acquisition commission must be refunded by the agent.

8Under §§ 24 and 26d of the Austrian Commercial Agents Act (HVertrG), what is the insurance agent's 'Ausgleichsanspruch' (goodwill indemnification claim) upon termination of the agency contract?

A.A statutory compensation claim for the agent where the agent brought new customers or expanded business from which the principal continues to derive substantial benefits after contract termination

B.An immediate refund of all office rental expenses incurred by the agent during the last twelve months

C.A lump-sum penalty paid by the agent to the insurer for terminating the contractual relationship

D.A mandatory severance payment calculated strictly under the statutory social security rules of the ASVG

Explanation: § 24 Abs. 1 HVertrG grants the indemnity where the agent brought new customers or substantially expanded existing business, the principal can still expect considerable benefits from those relationships, and payment is equitable. § 26d HVertrG applies this to insurance agents, substituting the placement of new insurance contracts or the substantial extension of existing ones. § 24 Abs. 4 caps the claim at one year's remuneration, averaged over the last five years (or the whole term if shorter), and § 24 Abs. 5 requires the agent to assert it within one year of termination.

9Under the Austrian Distance Selling and Off-Premises Contracts Act (Fern- und Auswärtsgeschäfte-Gesetz - FAGG), what is the statutory cooling-off withdrawal period for a consumer who concludes a contract outside business premises?

A.14 calendar days from the date of contract conclusion, provided proper statutory withdrawal information was provided

B.3 business days starting from the date the first premium invoice is received

C.30 business days with mandatory notarized confirmation

D.There is no right of withdrawal once an application is signed in person outside the office

Explanation: Under § 11 FAGG, a consumer generally has 14 calendar days to withdraw from a distance or off-premises contract without stating any reason. If the trader fails to properly inform the consumer of the withdrawal right, the withdrawal period is extended by 12 months under § 12 FAGG.

10Under § 5c of the Austrian Insurance Contract Act (Versicherungsvertragsgesetz - VersVG), what specific cancellation right applies to life insurance contracts?

A.The policyholder has the right to withdraw from the contract within 30 calendar days of receiving notice of contract conclusion and policy terms

B.The policyholder may cancel within 48 hours only if no medical exam was performed

C.The policyholder cannot cancel within the first 3 years without forfeiting the entire accumulated surrender value

D.The insurer may unilaterally cancel the policy within 30 days without giving any reason

Explanation: Under § 5c VersVG, a policyholder who concludes a life insurance contract has a 30-day statutory cooling-off period starting from the moment they are informed that the contract has been concluded, accompanied by the policy terms and disclosure documentation.

About the Befähigungsprüfung Versicherungsagent Exam

The Befähigungsprüfung Versicherungsagent is the statutory competence examination for the regulated trade Versicherungsvermittlung in der Form Versicherungsagent under § 94 Z 76 and § 137 GewO 1994. It is set by the Versicherungsagenten-Prüfungsordnung 2011 and conducted by the Meisterprüfungsstellen of the Austrian Economic Chambers as a written Modul 1 and an oral Modul 2, both covering general legal knowledge, insurance law, social and personal lines, motor, property and pecuniary lines, and the professional rules governing agency practice.

Assessment

Two modules under the Versicherungsagenten-Prüfungsordnung 2011. Modul 1 (written) and Modul 2 (oral) each cover the same five Gegenstände: Allgemeine Rechtskunde; Versicherungsrecht (VersVG, VAG, VersStG, Versicherungsvertragsbedingungen); Fach- und Spartenkunde über Sozial- und Personenversicherung; Fach- und Spartenkunde über Kfz-, Sach- und Vermögensversicherung; and Rechtsgrundlagen und Ausübungskriterien.

Time Limit

varies-by-module

Passing Score

Graded on the Austrian school scale from Sehr gut to Nicht genügend. A module is passed when every Gegenstand is assessed positively.

Exam Fee

No fee for the first and second attempt at each module since 1 January 2024; Allgemeine Prüfungsordnung fees apply from the third attempt (Fachverband der Versicherungsagenten (WKO); conducted by the Meisterprüfungsstellen of the provincial Economic Chambers)

Befähigungsprüfung Versicherungsagent Exam Content Outline

1 of 5 Gegenstände

Gegenstand 1 - Allgemeine Rechtskunde

Bürgerliches Recht (Vertragsrecht), Schadenersatzrecht, Konsumentenschutzrecht, Wettbewerbsrecht, Arbeits- und Sozialversicherungsrecht, UGB und Steuerrecht, Strafrecht (Geldwäsche)

1 of 5 Gegenstände

Gegenstand 2 - Versicherungsrecht

VersVG, VAG 2016, Versicherungssteuergesetz, and Versicherungsvertragsbedingungen

1 of 5 Gegenstände

Gegenstand 3 - Fach- und Spartenkunde über Sozial- und Personenversicherung

Allgemeine Fachkunde with Qualitätsmanagement, plus Versicherungszweige 1, 2 and 18-23 of Anlage A to the VAG

1 of 5 Gegenstände

Gegenstand 4 - Fach- und Spartenkunde über Kfz-, Sach- und Vermögensversicherung

Allgemeine Fachkunde with Qualitätsmanagement, Kasko (Zweige 3-6), Sach (7-9), Haftpflicht (10-13), Vermögen (14-17)

1 of 5 Gegenstände

Gegenstand 5 - Rechtsgrundlagen und Ausübungskriterien

Berufsrechtliche Fragen der GewO, Handelsvertretergesetz and Maklergesetz, Agenturvertrag und Agentenvollmacht, Risikoanalyse und Deckungskonzept

How to Pass the Befähigungsprüfung Versicherungsagent Exam

What You Need to Know

Passing score: Graded on the Austrian school scale from Sehr gut to Nicht genügend. A module is passed when every Gegenstand is assessed positively.
Assessment: Two modules under the Versicherungsagenten-Prüfungsordnung 2011. Modul 1 (written) and Modul 2 (oral) each cover the same five Gegenstände: Allgemeine Rechtskunde; Versicherungsrecht (VersVG, VAG, VersStG, Versicherungsvertragsbedingungen); Fach- und Spartenkunde über Sozial- und Personenversicherung; Fach- und Spartenkunde über Kfz-, Sach- und Vermögensversicherung; and Rechtsgrundlagen und Ausübungskriterien.
Time limit: varies-by-module
Exam fee: No fee for the first and second attempt at each module since 1 January 2024; Allgemeine Prüfungsordnung fees apply from the third attempt

Keys to Passing

Work through all 100 available questions
Review every answer and explanation
Track weak areas and revisit them
Use our AI tutor for tough concepts

Befähigungsprüfung Versicherungsagent Study Tips from Top Performers

1Master the core VersVG rules: pre-contractual disclosure (§ 16 ff.), default on the first premium (§ 38) versus subsequent premiums (§ 39), immediate claim notice (§ 33), and the consumer's right to terminate contracts running longer than three years (§ 8 Abs. 3).

2Learn § 61 VersVG exactly as Austria applies it: intent or gross negligence releases the insurer entirely, with no proportional reduction, which is why the contractual Verzicht auf den Einwand der groben Fahrlässigkeit matters so much in practice.

3Know the boundary in § 137 Abs. 2 and 2a GewO 1994 between the agent form and the broker form, and how a second licence becomes a dormant authorisation.

4Practise Gliedertaxe and progression calculations in private accident insurance, and read progression tables as stated benefit percentages rather than multipliers to be applied twice.

5Drill underinsurance under § 56 VersVG: indemnity = loss x (sum insured / insurable value), and know when a square-metre-based Unterversicherungsverzicht switches that rule off.

6Memorise the motor figures in § 9 KHVG 1994 - a combined sum of €7,790,000, at least €1,340,000 for property damage inside it, and a separate €80,000 for pure financial loss - and the market Bonus-Malus scheme running from step 0 to step 17 with entry at step 9.

7Remember that §§ 137f to 137h GewO 1994 were repealed in 2019 and that the information, advice and documentation duties now sit in the Standesregeln für Versicherungsvermittlung, BGBl. II Nr. 162/2019.

8Rehearse each Gegenstand aloud: Modul 2 gives you only 10 to 20 minutes per subject, so structured, complete answers matter more than breadth.

Frequently Asked Questions

What is the Austrian Befähigungsprüfung Versicherungsagent?

It is the statutory competence examination for the regulated trade Versicherungsvermittlung in der Form Versicherungsagent under § 94 Z 76 and § 137 of the Gewerbeordnung 1994. It is set by the Versicherungsagenten-Prüfungsordnung 2011 of the Fachverband der Versicherungsagenten, conducted by the Meisterprüfungsstellen of the Austrian Economic Chambers, and it provides the Befähigungsnachweis needed to register the trade in the GISA.

How is the Versicherungsagent examination structured?

It has two modules. Modul 1 is written and is held as a selection procedure; the tasks are designed to be solvable in three hours and the paper is closed after four. Modul 2 is oral before the examination commission and lasts at least ten and at most twenty minutes per Gegenstand. Both modules cover the same five Gegenstände: general legal knowledge, insurance law, social and personal lines, motor, property and pecuniary lines, and the professional rules of agency practice.

How much does the Befähigungsprüfung Versicherungsagent cost?

Since 1 January 2024 the examination fee for the first and second attempt at each module has been waived and reimbursed to the Landeskammern from public funds, so candidates are charged nothing. Fees under the Allgemeine Prüfungsordnung apply from the third attempt onwards, and failing to appear without an accepted withdrawal counts as an attempt. Preparation courses are optional and priced separately by the provider.

What is the legal difference between a Versicherungsagent and a Versicherungsmakler in Austria?

Under § 137 Abs. 2 GewO 1994 the form of exercise follows the actual relationship with insurance undertakings: the Versicherungsagent is tied by agency contract to one or more insurers and acts in their name, whereas the Versicherungsmakler acts for the customer under §§ 26 ff. Maklergesetz and must, under § 27 Abs. 1 MaklerG, predominantly safeguard the customer's interests. Both forms may be registered by the same person, but § 137 Abs. 2a GewO 1994 turns the second licence into a dormant authorisation so that only one form can actually be exercised at a time.

What are the continuing education requirements for Austrian insurance intermediaries?

§ 137b Abs. 3 GewO 1994 requires at least 15 hours of training per year, or five hours where insurance distribution is carried on only as a Nebentätigkeit, starting in the calendar year after entry in the GISA. Evidence must be kept at the business premises for at least five years, and § 137b Abs. 3a requires at least half of the obligation to be completed at designated independent training institutions.