LLQP Ethics & Professional Practice (Common Law) Mock Exams & Practice Exam Questions | LLQP (Canada)

LLQP Ethics & Professional Practice (Common Law) mock exams and practice exam questions for LLQP (Canada). Timed practice sets and detailed explanations in the FINRA Exam Prep app (web, iOS, Android).

Build LLQP Ethics & Professional Practice (Common Law) confidence with scenario-based practice: duties and disclosures, privacy/consent, conflicts, documentation, and “what should you do next?” decision questions.

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Practice mode (10 questions / 45 minutes)

  • Every practice session is exactly 10 questions with a 45‑minute timer.
  • You get instant answers with rationales and detailed explanations, so you don’t need a separate study book.
  • Choose one topic for focused repetition, or practice across the full exam pool for broader coverage.

Question styles (learning-first)

  • Single-answer multiple choice (most questions).
  • Multi-select (e.g., “Select TWO”) and fill‑in‑the‑blank style items to build active recall.
  • Some learning formats may not match the exact provincial exam format; the upcoming Exam Mode will be more format‑aligned.

  1. Pick a topic in the Syllabus .
  2. Run one timed set (10 questions). Use the full time at first; speed comes later.
  3. Review every explanation and write 1–2 “rules” in a miss log (e.g., “What duty did I miss?”).
  4. Repeat the same topic 48–72 hours later to confirm retention.
  5. When weak topics stabilize, switch to mixed practice across the full pool.

Readiness benchmark

If you can pass 10 practice sets with an average score of 65%+, you’re likely ready to book the exam—don’t over‑study. If not, keep drilling your weakest topics.


What’s next

  • New to this exam? Start with the Overview .
  • Want structure? Follow the Study Plan .
  • Need quick refreshers? Use the Cheatsheet before each timed set.
  • Confirm rules/admin details in FAQ and Resources .

Exam format: provincial licensing vs CSI course

If you are preparing for provincial licensing, be careful with the “100 questions / 3 hours” number you may see online: that format is specific to the CSI LLQP Insurance Course assessments, not the provincial LLQP modular licensing exams.

Provincial LLQP licensing exam snapshot (example: British Columbia)

The official BC Harmonized LLQP Examinee Information Guide describes the modular licensing exams used in BC. Other provinces/territories may use different providers and policies, so treat this as an example and confirm your own regulator’s current guidance.

Item BC example (Harmonized LLQP)
Exam structure Modular (Ethics & Professional Practice — Common Law is one module)
Module duration 75 minutes
Questions 25 total questions
Scoring nuance Scored out of 20 points (includes 5 pilot/unscored questions)
Passing mark 60% or higher

Sources: https://www.insurancecouncilofbc.com/Website/media/Shared/LLQP/Documents/LLQP-Examinee-Information-Guide.pdf and https://www.insurancecouncilofbc.com/Website/media/Shared/LLQP/Documents/LLQP-Examination-Administration-Policy.pdf

CSI LLQP Insurance Course exams (different from provincial licensing exams)

CSI publishes an exam/credits reference for its LLQP Insurance Course. These figures are useful context for course assessment, but they are not the provincial modular licensing-exam format.

Item CSI LLQP Insurance Course (course assessment)
Questions per exam 100
Exam duration 3 hours
Passing grade 60%
Exam format Proctored (remote or in-person at a test centre)

Source: https://www.csi.ca/en/learning/courses/llqp/exam-credits

Official topic weightings (Ethics & Professional Practice — Common Law)

These topic weights are published in the curriculum outline used by course providers. Your provincial exam provider may present the same blueprint in a different way.

Topic Weight
Integrate into practice the legal aspects of insurance and annuity contracts 60%
Integrate into practice the rules governing the activities of life and A&S agents 40%

What this module is really testing

Ethics & Professional Practice questions reward candidates who can:

  • identify the legal/ethical risk in a scenario (misrepresentation, privacy breach, conflict of interest, unsuitable recommendation, poor documentation)
  • choose the right next step (fact-find, disclose, obtain consent, document, escalate, refuse to proceed)
  • distinguish law vs guidance at a high level (statutes/regulations vs regulatory guidance vs industry guidelines)
  • apply common-law concepts like negligence and negligent misrepresentation to insurance advice (conceptually)

Common scenario patterns

  • Suitability and disclosure: what must be explained and documented (limitations/exclusions; trade-offs).
  • Privacy and consent: collecting medical/financial information; disclosing to third parties.
  • Beneficiary/ownership complexity: minors, trusts, divorce/second marriage, revocable vs irrevocable.
  • Misrepresentation risk: incomplete fact-finding, “salesy” statements, omitting limitations.
  • Prohibited practices: misleading marketing, coercion, twisting, improper inducements (high level).
  • Regulator/consumer protection context: knowing when to refer, escalate, or follow a complaint process (high level).

A practical prep strategy

  1. Use the Syllabus as your daily checklist.
  2. Make a one-page “best answer checklist”: fact-find → disclose → consent → document.
  3. Drill scenario questions and keep a miss log (“Which duty or risk did I miss?”).

Sources: https://www.csi.ca/en/learning/courses/llqp/curriculum and https://www.csi.ca/en/learning/courses/llqp/exam-credits