Exam (elaborations)

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

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MHIC Exam

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

License renewal time frame - ANS ✓every two years the licensee must

apply

Licensing exemption - ANS ✓an employee of a contractor who is not a

salesperson

A licensing exemption - ANS ✓an employee of a licensed contractor

who sells the home improvement at a retail establishment

A licensing exemption - ANS ✓a telephone solicitor

An exemption from licensing - ANS ✓an employee of a subcontractor

A licensing exemption - ANS ✓a security system technician

MHIC Exam

, 2
MHIC Exam

An exemption from licensing by MHIC - ANS ✓someone who holds

another state license and who is working with in the scope of that

license, such as an architect or plumber, and their salesperson

Exam scores are good for how long? - ANS ✓2 years

Passing exam percentage - ANS ✓70%

Amount of general liability insurance - ANS ✓$50,000

Experience required to be licensed - ANS ✓2 years of trade experience

or comparable educational training

Trade experience includes - ANS ✓participation in a registered

apprentice program

Trade experience includes - ANS ✓employment in performing home

improvement

Trade experience - ANS ✓employment in performing commercial or

residential construction, repairs or renovations

MHIC Exam

, 3
MHIC Exam

Trade experience includes - ANS ✓participation in a community service

or charitable building or renovation program

Trade experience includes - ANS ✓performing repairs and

improvements that require a building permit on one's own home or the

home of family members

Salespersons are licensed as - ANS ✓an individual

Guaranty Fund compensates homeowners for - ANS ✓actual loss

Guaranty Fund - ANS ✓protects homeowners who hire a licensed home

improvement contractors against actual loss caused by an incomplete,

incorrect or unworkmanlike job

Total maximum guaranty fund payment per contractor - ANS ✓$100,000

Contractor response time for a complaint - ANS ✓10 days

Limit at which commission may pay a claim without a hearing - ANS

✓$5,000

MHIC Exam

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Uploaded on: May 18, 2025
Number of pages: 19
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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