LLQP Ethics and Professional Practice Module: What It Tests
The Ethics and Professional Practice (Common Law) module is 25 questions (20 scored) in 75 minutes, with 60% to pass. 79% of first-time writers passed it in 1 Jun 2025 to 31 May 2026. It is required for every life and A&S licence.
What it covers
| Component | Weight | Our topics |
|---|---|---|
| Legal aspects of insurance and annuity contracts | 60% | [Legal framework, privacy and AML](/notes/eth-legal-framework); [contract formation and provisions](/notes/eth-contract-formation); [beneficiaries, creditor protection and claims](/notes/eth-beneficiaries-claims) |
| Rules governing the activities of life insurance agents | 40% | [Regulators, licensing and agent duties](/notes/eth-regulators-licensing); [fair treatment and professional conduct](/notes/eth-conduct) |
Where marks are lost
- Irrevocable beneficiaries: what the policyholder can no longer do alone.
- Creditor protection for family-class beneficiaries.
- Misrepresentation inside and after the two-year contestable period.
- Replacement disclosure and conflicts of interest.
- Anti-money-laundering record keeping and privacy consent.
Frequently asked questions
What is on the LLQP Ethics exam?
Contract law, disclosure and misrepresentation, beneficiaries and creditor protection, claims, privacy and AML rules, regulators, licensing and fair treatment of clients.
Go deeper: study notes
Related guides
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