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MHIC Exam Guide (Latest 2025/ 2026 Update) | Questions & Answers| Grade A| 100% Correct (Verified Solutions)

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MHIC Exam Guide (Latest 2025/ 2026 Update) | Questions & Answers| Grade A| 100% Correct (Verified Solutions) Q: Amount of general liability insurance Answer: $50,000 Q: Experience required to be licensed Answer: 2 years of trade experience or comparable educational training Q: Trade experience includes Answer: participation in a registered apprentice program Q: Trade experience includes Answer: employment in performing home improvement Q: Trade experience Answer: employment in performing commercial or residential construction, repairs or renovations Q: Trade experience includes Answer: participation in a community service or charitable building or renovation program Q: Trade experience includes Answer: performing repairs and improvements that require a building permit on one's own home or the home of family members Q: Salespersons are licensed as Answer: an individual Q: Guaranty Fund compensates homeowners for Answer: actual loss Q: Guaranty Fund Answer: protects homeowners who hire a licensed home improvement contractors against actual loss caused by an incomplete, incorrect or unworkmanlike job Q: Total maximum guaranty fund payment per contractor Answer: $100,000 Q: Contractor response time for a complaint Answer: 10 days Q: Limit at which commission may pay a claim without a hearing Answer: $5,000 Q: Who must receive a signed copy of the contract prior to work starting? Answer: homeowner Q: Required to be in a home improvement contract Answer: contractors name, address, and MHIC license number Q: Required to be in a home improvement contract Answer: consumer notice that gives telephone number for Commission Q: Required to be in a home improvement contract Answer: notice of formal mediation of disputes, that the MHIC administers the guaranty fund, homeowner may request that contractor purchase performance bond Q: Required to be in a home improvement contract Answer: dates of when performance will begin and when it will be substantially completed

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MHIC

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MHIC

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MHICl Examl Guidel (Latestl 2025/l 2026l
Update)l |l Questionsl &l Answers|l Gradel
A|l 100%l Correctl (Verifiedl Solutions)

Q:l Amountl ofl generall liabilityl insurancel
Answer:
$50,000

Q:l Experiencel requiredl tol bel licensedl
Answer:
2l yearsl ofl tradel experiencel orl comparablel educationall training

Q:l Tradel experiencel includesl
Answer:
participationl inl al registeredl apprenticel program

Q:l Tradel experiencel includesl
Answer:
employmentl inl performingl homel improvement

Q:l Tradel experiencel
Answer:
employmentl inl performingl commerciall orl residentiall construction,l repairsl orl renovations

,Q:l Tradel experiencel includesl
Answer:
participationl inl al communityl servicel orl charitablel buildingl orl renovationl program

Q:l Tradel experiencel includesl
Answer:
performingl repairsl andl improvementsl thatl requirel al buildingl permitl onl one'sl ownl homel
orl thel homel ofl familyl members

Q:l Salespersonsl arel licensedl asl
Answer:
anl individual

Q:l Guarantyl Fundl compensatesl homeownersl forl
Answer:
actuall loss

Q:l Guarantyl Fundl
Answer:
protectsl homeownersl whol hirel al licensedl homel improvementl contractorsl againstl actuall
lossl causedl byl anl incomplete,l incorrectl orl unworkmanlikel job

Q:l Totall maximuml guarantyl fundl paymentl perl contractorl
Answer:
$100,000

Q:l Contractorl responsel timel forl al complaintl

, Answer:
10l days

Q:l Limitl atl whichl commissionl mayl payl al claiml withoutl al hearingl
Answer:
$5,000

Q:l Whol mustl receivel al signedl copyl ofl thel contractl priorl tol workl starting?l
Answer:
homeowner

Q:l Requiredl tol bel inl al homel improvementl contractl
Answer:
contractorsl name,l address,l andl MHICl licensel number

Q:l Requiredl tol bel inl al homel improvementl contractl
Answer:
consumerl noticel thatl givesl telephonel numberl forl Commission

Q:l Requiredl tol bel inl al homel improvementl contractl
Answer:
noticel ofl formall mediationl ofl disputes,l thatl thel MHICl administersl thel guarantyl fund,l
homeownerl mayl requestl thatl contractorl purchasel performancel bond

Q:l Requiredl tol bel inl al homel improvementl contractl
Answer:
datesl ofl whenl performancel willl beginl andl whenl itl willl bel substantiallyl completed

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Uploaded on: May 13, 2025
Number of pages: 20
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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mhicmaryland home improvement commission
maryland home improvement commission mhic
mhic exam guide latest update quest
required to be in a home improvement contract
amount of general liability insur

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