Free Practice Questions for OIC Life Insurance Broker

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Sample OIC Life Insurance Broker Practice Questions

Try these sample questions to review concepts for the OIC Life Insurance Broker exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 20+ question experience with AI tutoring.

1A broker recommends replacing a whole life policy but conceals the surrender loss and new exclusions. What makes the advice unethical?

A.Using a different insurer

B.Recommending a change after needs change

C.Inducing replacement through a misleading comparison

D.Comparing old and new benefits

Explanation: A replacement comparison must disclose material disadvantages as well as benefits. Concealing costs or exclusions prevents an informed decision and is characteristic of harmful twisting; replacement itself is not necessarily improper.

2A participating policy illustration contains guaranteed benefits and projected dividends. Which presentation best explains the promise being purchased?

A.Separate guaranteed values and explain that projected dividends can change

B.Combine both amounts under a guaranteed-benefit heading

C.Describe historical dividends as a guaranteed minimum

D.Show only projections because guaranteed values are lower

Explanation: Guaranteed benefits and non-guaranteed projections have different levels of certainty. Separating them shows which payments are promised and which depend on future results.

3A borrower wants death cover that reduces broadly with an amortizing mortgage rather than an accumulating savings benefit. Which design most directly addresses this need?

A.Level whole life

B.Decreasing term assurance (MRTA)

C.Endowment assurance

D.Deferred life annuity

Explanation: Decreasing term assurance provides a death benefit that reduces over its term and is commonly used for mortgage protection. The schedule must still be compared with the actual debt because an exact match is not automatic.

4Which benefit pattern identifies basic endowment life insurance (แบบสะสมทรัพย์)?

A.Death benefit during a term with no survival payment

B.Periodic income from an agreed retirement age

C.Lifetime death protection without a fixed savings maturity

D.Death benefit during the term or maturity benefit upon survival to its end

Explanation: Endowment assurance combines death protection during a specified term with a survival benefit at maturity. Amounts and intermediate payments depend on the benefit schedule.

5A unit-linked policy allocates premiums after charges to funds selected by the policyholder. Who bears changes in the value of those fund units?

A.The insurer through a guaranteed fund return

B.The custodian through a capital guarantee

C.The policyholder through the investment account

D.The broker through an obligation to replace market losses

Explanation: The investment component depends on the selected funds' unit values. The policyholder bears that market risk, while insurance charges and death benefits remain governed by the contract.

6A policy expressly maintains death cover during its 31-day grace period and deducts overdue premiums from a claim. Death occurs on day 20. With a 1,000,000 THB benefit, 15,000 THB unpaid premium and no other debts, what is payable?

A.985,000 THB

B.1,000,000 THB

C.15,000 THB

D.Zero because the due date passed

Explanation: The stated condition preserves death cover on day 20. Deducting the overdue premium gives 1,000,000 − 15,000 = 985,000 THB.

7A whole life policyholder elects the available reduced paid-up option (กรมธรรม์ใช้เงินสำเร็จ). What normally changes?

A.The original sum assured continues for a shorter term

B.The basic sum assured falls while cover continues for the original duration

C.The contract ends with an immediate cash payment

D.Original benefits continue through interest-bearing premium loans

Explanation: Reduced paid-up insurance uses available policy value to maintain a smaller benefit without further premiums. Its amount depends on the policy's paid-up terms and value table.

8A policy has an operative automatic premium loan provision and sufficient net cash value. What happens under that provision when an unpaid premium's grace period expires?

A.Cash value is paid to the owner and cover ends

B.The sum assured falls without creating debt

C.The premium is waived without using policy value

D.A loan against policy value pays the premium and accrues contractual interest

Explanation: An automatic premium loan pays the overdue premium through borrowing against policy value. It preserves cover while sufficient value remains, but debt and interest reduce the net value and may eventually exhaust it.

9An annual premium is 20,000 THB. Each semi-annual installment is quoted as the annual premium multiplied by 0.52. What total is paid in one year using semi-annual installments?

A.10,400 THB

B.20,000 THB

C.20,800 THB

D.21,600 THB

Explanation: Each installment is 20,000 × 0.52 = 10,400 THB. Two installments total 20,800 THB, or 800 THB above the annual-payment quote.

10A 2,000,000 THB death benefit is payable less policy-loan principal and interest. Principal is 150,000 THB and unpaid interest is 9,000 THB. With no other adjustments, what is the net benefit?

A.1,841,000 THB

B.1,850,000 THB

C.1,991,000 THB

D.2,159,000 THB

Explanation: Both loan principal and accrued interest must be deducted under the stated condition. The net amount is 2,000,000 − 150,000 − 9,000 = 1,841,000 THB.

About the OIC Life Insurance Broker Exam

Independent OpenExamPrep practice for the direct life insurance broker knowledge examination (นายหน้าประกันชีวิต). The official four subjects concern ethics, general life insurance knowledge, the Civil and Commercial Code and the Life Insurance Act. This is an English-language MCQ study adaptation of topics in Thai official materials, not an official translation, a simulation of the assessment's language environment or a substitute for required training. The reviewed public sources do not establish permitted assessment languages; confirm your sitting with the organizer.

Exam sponsor: Office of Insurance Commission and approved organizers, including Thailand Insurance Institute (TII). The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

100 objective/MCQ items in 2 hours 30 minutes: 10 ethics, 50 general life knowledge, 20 Civil Code and 20 Life Insurance Act. Reinsurance requires a separate additional assessment. No oral, practical, assignment or case-study submission is specified for the direct-insurance knowledge paper; licensing training and qualification checks are separate.

Time Limit

2 hours 30 minutes

Passing Score

At least 70% in ethics (7/10 items) and 60% across combined academics (54/90 items), in the same sitting

Exam / Certification Fees

TII advertises 535 THB including VAT for examination with online preparation; confirm the booking total. Separate license training costs are additional.

Exam sponsor website

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

Official sources

OIC life examination notice B.E. 2563 with B.E. 2568 amendment · Source checked 2026-10-19Clauses 7-9, 12 and 14: direct-broker subjects, item counts, time, format, passing hurdles and result validity.
TII broker examination booking information · Source checked 2026-10-19Both broker examinations remain offered. Advertised package is 535 THB including VAT; its itemized fee explanation is unclear and is not used as a universal exam-only price.
Life Insurance Act, consolidated through B.E. 2558 · Source checked 2026-10-19Broker definition and recordkeeping; read together with the 2019 amendment.
Life Insurance Act No. 4, B.E. 2562 · Source checked 2026-10-19Amended licensing, conduct and corrective-order/suspension framework.
Council of State Civil and Commercial Code, hosted by Bangkok · Source checked 2026-10-19Sections 865, 892, 893 and 895: avoidance and life-policy value consequences.
OIC life sales-practice guidance, consolidated with B.E. 2568 changes · Source checked 2026-10-19Fair disclosure, replacement implications and participating-policy projections.
OIC introduction to life insurance · Source checked 2026-10-19Stable product and suitability concepts; historical tax figures are not used.
Bank of Thailand: MRTA definition · Source checked 2026-10-19Page 3 footnote defines reducing mortgage cover; historical lending ratios are not used.
Bank of Thailand: options when life premiums become unaffordable · Source checked 2026-10-19Protection needs, installments, grace periods, paid-up options and automatic premium loans.

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.

10% of official items

Broker ethics and morality

Fair comparisons, replacement decisions and explaining guaranteed versus projected benefits.

50% of official items

General life insurance knowledge

Protection needs, product designs, investment risk, policy values, premiums and calculations.

20% of official items

Civil and Commercial Code

Avoidance time limits, redemption value, age adjustment and beneficiary misconduct.

20% of official items

Life Insurance Act, as amended

Broker functions, qualifications, business records and regulatory corrective action.

Preparing for the OIC Life Insurance Broker Exam

What You Need to Know

Passing score: At least 70% in ethics (7/10 items) and 60% across combined academics (54/90 items), in the same sitting
Assessment: 100 objective/MCQ items in 2 hours 30 minutes: 10 ethics, 50 general life knowledge, 20 Civil Code and 20 Life Insurance Act. Reinsurance requires a separate additional assessment. No oral, practical, assignment or case-study submission is specified for the direct-insurance knowledge paper; licensing training and qualification checks are separate.
Time limit: 2 hours 30 minutes
Exam / certification fees: TII advertises 535 THB including VAT for examination with online preparation; confirm the booking total. Separate license training costs are additional. Official sources

Using Our Practice Resources

Work through all 20 available questions
Review every answer and explanation
Track weak areas and revisit them
Use our AI tutor for tough concepts

OIC Life Insurance Broker: Suggested Study Strategy

1Prepare for both passing hurdles rather than relying on an overall average.

2Distinguish contract guarantees from projections and compare replacement costs.

3Work through policy-value and benefit calculations using the actual stated terms.

4Read current statutory text: avoidance does not mean the insurer may automatically retain every life-policy value.

Frequently Asked Questions

Is there one combined life and non-life broker examination?

No. The direct-life paper has 100 items and a 2-hour-30-minute limit. The separate direct-non-life paper has 120 items and a 3-hour limit.

Does passing this knowledge paper grant a broker license?

No. The OIC licensing route also requires the applicable qualifications, required training and absence of disqualifications, followed by a license application.

Is this an official English examination translation?

No. It is independent English-language MCQ study practice. An official assessment-language list was not confirmed in the reviewed sources.