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Exam Review

Key Facts: AMF Damage Insurance Exam

60%

Pass Score per Exam

AMF

2 years

Exam Validity

AMF

$181

2026 Registration Fee

AMF exam form

110

Full-Sector Official MCQs

AMF evaluation tables

90%

03-114 First-Attempt Pass

AMF 2025–2026

76%

03-413 First-Attempt Pass

AMF 2025–2026

AMF Québec damage insurance reps must pass competency exams with a 60% pass mark (valid 2 years). Full sector exams total 110 MCQs across 03-114/411/412/413; first-attempt pass rates were about 76–90% in AMF’s 2025–2026 stats. 2026 exam registration fee is CAD $181 on the official AMF form.

Sample AMF Damage Insurance Practice Questions

Try these sample questions to review concepts for the AMF Damage Insurance exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1In Québec, which body issues the representative’s certificate authorizing a person to act as a damage insurance agent or broker?

A.Autorité des marchés financiers (AMF)

B.Insurance Bureau of Canada (IBC)

C.Groupement des assureurs automobiles (GAA)

D.Chambre de l’assurance de dommages (ChAD)

Explanation: The AMF issues and renews representatives’ certificates under An Act respecting the distribution of financial products and services. The ChAD oversees ethics and continuing education; IBC and GAA are industry organizations, not the certificate issuer.

2What is the primary public-protection mission of the Chambre de l’assurance de dommages (ChAD) regarding damage insurance professionals?

A.Underwrite personal-lines risks for uninsured consumers

B.Oversee training and ethical conduct of agents, brokers, and claims adjusters

C.Set mandatory automobile liability limits for private insurers

D.Approve every damage insurance policy wording used in Québec

Explanation: ChAD protects the public by overseeing training and ethical conduct of damage insurance agents, brokers, and claims adjusters. It does not underwrite risks, set statutory auto limits, or approve all policy wordings.

3Under the Civil Code of Québec, which statement best describes a damage insurance contract?

A.It requires the insured to prove fault of a third party before any indemnity is payable

B.It is a wagering contract in which the insured may recover more than the insured interest

C.It is a contract under which the insurer undertakes, for a premium, to indemnify the insured for a loss covered by the contract

D.It transfers ownership of the insured property to the insurer upon binding

Explanation: Property and liability insurance contracts are indemnity contracts: the insurer, for a premium, undertakes to pay an indemnity for a covered loss. They are not wagers, do not transfer ownership on binding, and property cover does not always require proving third-party fault.

4Article 2466 of the Civil Code of Québec requires the insured to promptly disclose circumstances that aggravate the risks stipulated in the policy when those circumstances result from the insured’s acts and are likely to significantly influence an insurer. What is this obligation commonly called?

A.Waiver of subrogation

B.Constructive total loss notice

C.Utmost good faith only at underwriting

D.Aggravation of risk (increased risk) disclosure

Explanation: CCQ art. 2466 imposes a continuing duty to disclose aggravations of risk arising from the insured’s acts that would significantly affect premium, risk assessment, or the decision to keep the insurance. Failure can trigger consequences analogous to misrepresentation rules.

5Under Civil Code of Québec rules commonly reflected in Québec damage insurance policies, when must the insured notify the insurer of a loss that may give rise to an indemnity?

A.As soon as the insured becomes aware of the loss

B.Only after a contractor’s final repair invoice is issued

C.Only if the loss exceeds the deductible

D.Within 30 days of the anniversary date only

Explanation: CCQ art. 2470 requires notice of loss as soon as the insured becomes aware of it. Any interested person may give notice. Failure that prejudices the insurer can lead to forfeiture of rights to compensation.

6Québec damage insurance policies typically state that an action against the insurer under the policy must be commenced within which extinctive prescription period under the Civil Code of Québec?

A.One year from the date of loss

B.Three years from the date the right of action has arisen

C.Six months from the first premium payment

D.Ten years from policy inception

Explanation: CCQ art. 2925 sets a general three-year extinctive prescription for personal rights not otherwise fixed; Québec policy forms commonly incorporate a three-year limitation running from when the right of action arises.

7How does Québec’s Automobile Insurance Act public plan (SAAQ) primarily interact with private damage insurance for a Québec resident injured in an automobile accident?

A.SAAQ replaces the need for compulsory private civil-liability insurance

B.SAAQ pays only if private Section A liability insurance first denies the claim

C.SAAQ compensates bodily injury on a no-fault basis; private auto insurance primarily addresses property damage and liability for property damage

D.Private insurers must reimburse SAAQ for all medical costs before paying Section B

Explanation: SAAQ’s public plan compensates Québec residents for bodily injury from automobile accidents on a no-fault basis. Private Q.P.F. No. 1 Section A remains compulsory for civil liability (especially property damage to others), and Section B covers the insured’s own vehicle.

8A damage insurance representative collecting personal information to prepare an insurance proposal must comply with An Act respecting the protection of personal information in the private sector. Which practice best reflects that duty?

A.Store unencrypted client SIN and banking data on a personal USB drive for convenience

B.Refuse to tell the client why personal information is being collected

C.Share the full client file with any unrelated third-party marketer without consent

D.Collect, use, and disclose personal information only for legitimate purposes related to the mandate, with appropriate consent and safeguards

Explanation: Québec private-sector privacy law requires purpose limitation, consent where required, and reasonable security. Unrelated marketing disclosures, insecure storage, and refusing to explain purposes conflict with those duties.

9In a property insurance contract under the Civil Code of Québec, the principle of indemnity generally means that:

A.Compensation aims to place the insured in the position that would have existed had the loss not occurred, without unjust enrichment

B.The insurer always pays the policy limit regardless of actual loss

C.The insured must first sue the tortfeasor to judgment before claiming

D.The insured may deliberately profit by over-insuring and claiming replacement cost without conditions

Explanation: Indemnity insurance restores the insured’s financial position for a covered loss, subject to policy terms (valuation, deductible, betterment rules). It is not a vehicle for profit, automatic full-limit payment, or a prerequisite lawsuit against a third party.

10Which stakeholders are typically parties or key roles in a Québec damage insurance contract arrangement?

A.Only the SAAQ and the municipality

B.Insurer, insured (and often named insured), with a representative (agent or broker) intermediating distribution

C.Only the mortgage lender as sole insured

D.Only the ChAD syndic as contracting party

Explanation: The insurance contract is between insurer and insured; agents/brokers act in distribution/advisory roles under the Distribution Act and ethics rules. SAAQ, municipalities, lenders, and ChAD play related but different roles.

About the AMF Damage Insurance Exam

Québec AMF competency examinations for damage insurance representatives (agents and brokers). The full sector requires law/ethics (03-114), personal property (03-411), automobile (03-412), and commercial property/liability (03-413). Each exam needs at least 60%, remains valid two years, and must still be valid when the probationary period starts.

Exam sponsor: Autorité des marchés financiers (AMF). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Computer-based multiple-choice competency examinations (03-114, 03-411, 03-412, 03-413) administered by the AMF; agent and broker certificate pathways write the same competency exams.

Time Limit

60 min (03-114/411/412) or 120 min (03-413) per competency

Passing Score

60%

Exam / Certification Fees

CAD $181

Exam sponsor website

Reported exam pass rate: 76–90%. AMF first-attempt rates Jun 2025–May 2026: 03-114 90%, 03-411 76%, 03-412 78%, 03-413 76% This describes exam candidates, not OpenExamPrep users or results from using our resources. Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

18%

Law and Ethics (03-114)

Legislative framework, insurance contract principles, and rules governing damage insurance representatives

23%

Personal Property Insurance (03-411)

Analyze habitational needs, recommend products/endorsements, and service coverage during the policy period

23%

Automobile Insurance (03-412)

Personal and commercial auto products, Q.P.F./Q.E.F., DCA, and mid-term service

36%

Commercial Property and Liability (03-413)

Commercial property and civil liability product recommendation and policy-period service

Preparing for the AMF Damage Insurance Exam

What You Need to Know

Passing score: 60%
Assessment: Computer-based multiple-choice competency examinations (03-114, 03-411, 03-412, 03-413) administered by the AMF; agent and broker certificate pathways write the same competency exams.
Time limit: 60 min (03-114/411/412) or 120 min (03-413) per competency
Exam / certification fees: CAD $181 Official sources

Using Our Practice Resources

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AMF Damage Insurance: Suggested Study Strategy

1Weight study time to commercial lines (03-413) — it is the longest exam (40 Q / 120 min) and a large share of full-sector content

2Memorize Civil Code duties on aggravation of risk (art. 2466), notice of loss (art. 2470), and three-year prescription themes used in Québec forms

3Drill Q.P.F. Section A vs B, Protections 1–4, DCA applicability, and the $50,000 compulsory liability minimum

4Practice distinguishing habitational water endorsements (sewer/groundwater) from sudden internal plumbing losses

5Use AMF official practice questions and evaluation tables to target competency component weightings before booking

Frequently Asked Questions

What is the passing score for AMF damage insurance exams?

You must score at least 60% on each AMF competency examination prescribed for your sector or sector class.

Which exams are required for the full damage insurance sector?

The full sector requires 03-114 (law and ethics), 03-411 (personal property), 03-412 (automobile), and 03-413 (commercial property and liability). Personal-lines and commercial-lines sector classes use subsets of these competencies.

How long are AMF damage insurance exam results valid?

Each examination remains valid for two years from the date it is passed. All required examinations must still be valid when you begin your probationary period.

Do damage insurance agents and brokers write different AMF exams?

No. Québec damage insurance agents and brokers are both representatives who write the same AMF competency examinations for the sector or sector class; the certificate class (agent vs broker) differs, not the competency exam codes.

How many questions are on each AMF damage insurance competency exam?

Per AMF evaluation tables: 03-114 has 20 questions in 60 minutes; 03-411 and 03-412 have 25 questions in 60 minutes each; 03-413 has 40 questions in 120 minutes.