Free General Insurance (GI) Track Exam Questions and Answers
General Insurance (GI) Track is part of the Society of Actuaries credentialing pathway. SOA exams are steps on a single sequenced pathway to Associate and then Fellow, using mnemonic codes rather than numbers — P for probability, FM for financial mathematics, FAM, SRM, PA and the advanced ALTAM and ASTAM papers. Results are reported on a 0 to 10 scale where 6 and above passes, and the pass mark is fixed before the exam is sat rather than curved.
Candidates comparing General Insurance (GI) Track exam dumps, ExamTopics and other practice tests use this page for the answers and explanations behind each question. Download the free PDF, then sit the timed exam simulation before booking with SOA.
Last updated: October 9, 2026
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Question #1
A truck driver has lost control and caused damage to several properties. What insurance covers this?
Correct answer: D
Explanation
Liability insurance covers damages caused to third parties' properties by the insured.
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Question #2
During a heavy storm, a tree falls on a homeowner's car. Which policy would cover the damage?
Correct answer: B
Explanation
Auto insurance typically covers damages to a vehicle, including those caused by falling objects.
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Question #3
An insured wants to ensure their home is protected from unexpected flooding. What should they obtain?
Correct answer: B
Explanation
Standard homeowners insurance usually excludes flood damage; a specific flood insurance policy is needed.
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Question #4
A business suffers a loss due to a fire that destroyed its inventory. What type of insurance is essential?
Correct answer: B
Explanation
Property insurance provides coverage for damage to business assets such as inventory caused by fire.
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Question #5
An individual has sustained an injury while at a friend's home. Which insurance might help with medical costs?
Correct answer: B
Explanation
Homeowners insurance often includes liability coverage for injuries to guests on the property.
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Question #6
A company needs to cover employees' medical expenses while traveling for business. What should they consider?
Correct answer: A
Explanation
Travel insurance can cover health-related costs incurred by employees while traveling on business.
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Question #7
After a car accident, the insured's vehicle needs extensive repairs. Which coverage applies?
Correct answer: D
Explanation
Collision coverage pays for damages to the insured's vehicle after an accident, regardless of fault.
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Question #8
A company faces a lawsuit for false advertising claims. What insurance can protect it against such lawsuits?
Correct answer: D
Explanation
Professional liability insurance protects businesses against claims of negligence or false advertising.
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Question #9
A home is damaged due to a sewer backup. Which type of insurance may cover this?
Correct answer: D
Explanation
Many homeowners policies include water damage coverage; sewer back-up can often be included if specified.
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Question #10
An individual wants to protect their income in case of a long-term illness. What type of insurance should they acquire?
Correct answer: C
Explanation
Disability insurance provides income replacement in case the insured cannot work due to illness or injury.
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Full question bank and practice test for one exam, for 30 days.
Single exam
$49.99for 1 year
One exam for a full year. Nothing renews and nothing to cancel.
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Discussion
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FAQ
Learn More: https://www.soa.org/programs/soa-certificates/
- Q1: What is the General Insurance (GI) Track exam?
- A: General Insurance (GI) Track is a SOA certification exam. Judging by the questions in our bank, it concentrates on insurance, homeowner, insured, cover and coverage.
- Q2: What topics does the General Insurance (GI) Track exam cover?
- A: Questions in our General Insurance (GI) Track bank cluster around insurance, homeowner, insured, cover, coverage, damages, damage and individual. Working through the full set is the quickest way to find which of these you are weakest on.
- Q3: How should I prepare for General Insurance (GI) Track?
- A: Work through the General Insurance (GI) Track practice questions here, checking your answer on each one, then sit the practice test to rehearse the exam under timed conditions before the real thing.
- Q4: Are these real General Insurance (GI) Track exam questions?
- A: They are drawn from officially released past questions and from community members who have sat General Insurance (GI) Track. Answers are verified and updated weekly.
- Q5: Where do I register for the General Insurance (GI) Track exam?
- A: Register through SOA directly at https://www.soa.org/programs/soa-certificates/. Exampractice is not affiliated with SOA and does not administer the exam.
- Q6: Is there a free General Insurance (GI) Track sample?
- A: Yes. Every General Insurance (GI) Track page shows a free sample of real questions. Upgrading opens the full bank and the practice test.
- Q7: What are SOA Certification Exams?
- A: SOA (Society of Actuaries) Certification Exams validate your expertise in actuarial science and risk management. These certifications demonstrate your proficiency in mathematical, statistical, and financial concepts essential for analyzing and managing risk in insurance, finance, and other industries.
- Q8: Why should I pursue SOA Certification?
- A: SOA Certification enhances your professional credibility, showcasing your skills and knowledge in actuarial science. This can lead to better job opportunities, higher salaries, and career advancement in actuarial, financial, and risk management roles.
- Q9: What are the benefits of SOA Certification?
- A: Benefits include recognition as a certified actuary, improved job performance, access to exclusive resources, continuing education opportunities, and staying current with the latest actuarial practices and industry standards.
- Q10: Who should take SOA Certification Exams?
- A: Aspiring actuaries, financial analysts, risk managers, and anyone involved in analyzing and managing financial risk should consider these certifications to validate their expertise and advance their careers.
- Q11: What types of SOA Certification Exams are available?
- A: SOA offers various certification paths, including:
- Q12: How do I prepare for SOA Certification Exams?
- A: Preparation can include official SOA study materials, preparatory courses, practice exams, online tutorials, and hands-on experience in actuarial work.
- Q13: Where can I take SOA Certification Exams?
- A: SOA Certification Exams can be taken at authorized testing centers worldwide, providing flexibility to fit your schedule and location.
- Q14: How do SOA Certifications impact my career?
- A: SOA Certifications significantly boost your career by demonstrating your expertise to employers, making you a more competitive candidate for advanced roles and promotions in actuarial science, finance, and risk management.
- Q15: Are there any prerequisites for SOA Certification Exams?
- A: Some exams may have prerequisites, such as foundational knowledge in mathematics, statistics, and finance. Check the specific requirements for each certification path on the SOA website.
- Q16: How often do I need to recertify for SOA Certifications?
- A: SOA Certifications do not require mandatory recertification. However, staying updated with the latest actuarial practices and continuing professional development is recommended to maintain your skills and relevance in the industry.



