MHIC Exam Questions and Answers 100%
Correct Answers Latest Version Top Rated
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A licensing exemption
➹➹➹: a security system technician
An exemption from licensing by MHIC
➹➹➹: 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?
➹➹➹: 2 years
Passing exam percentage
➹➹➹: 70%
1|Page
,Amount of general liability insurance
➹➹➹: $50,000
Experience required to be licensed
➹➹➹: 2 years of trade experience or comparable educational training
Trade experience includes
➹➹➹: participation in a registered apprentice program
Trade experience includes
➹➹➹: employment in performing home improvement
Trade experience
➹➹➹: employment in performing commercial or residential construction, repairs or
renovations
Trade experience includes
➹➹➹: participation in a community service or charitable building or renovation program
Trade experience includes
➹➹➹: performing repairs and improvements that require a building permit on one's own
home or the home of family members
2|Page
, Salespersons are licensed as
➹➹➹: an individual
Guaranty Fund compensates homeowners for
➹➹➹: actual loss
Guaranty Fund
➹➹➹: 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
➹➹➹: $100,000
Contractor response time for a complaint
➹➹➹: 10 days
Limit at which commission may pay a claim without a hearing
➹➹➹: $5,000
Who must receive a signed copy of the contract prior to work starting?
➹➹➹: homeowner
3|Page
Correct Answers Latest Version Top Rated
A+
A licensing exemption
➹➹➹: a security system technician
An exemption from licensing by MHIC
➹➹➹: 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?
➹➹➹: 2 years
Passing exam percentage
➹➹➹: 70%
1|Page
,Amount of general liability insurance
➹➹➹: $50,000
Experience required to be licensed
➹➹➹: 2 years of trade experience or comparable educational training
Trade experience includes
➹➹➹: participation in a registered apprentice program
Trade experience includes
➹➹➹: employment in performing home improvement
Trade experience
➹➹➹: employment in performing commercial or residential construction, repairs or
renovations
Trade experience includes
➹➹➹: participation in a community service or charitable building or renovation program
Trade experience includes
➹➹➹: performing repairs and improvements that require a building permit on one's own
home or the home of family members
2|Page
, Salespersons are licensed as
➹➹➹: an individual
Guaranty Fund compensates homeowners for
➹➹➹: actual loss
Guaranty Fund
➹➹➹: 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
➹➹➹: $100,000
Contractor response time for a complaint
➹➹➹: 10 days
Limit at which commission may pay a claim without a hearing
➹➹➹: $5,000
Who must receive a signed copy of the contract prior to work starting?
➹➹➹: homeowner
3|Page
