- Memory Based Mock test - 5 - Total- 500+ Questions - Sure Shot Success - 100% Success Rate - Actual Exam Questions - Validity -3 Months - Details Explanation **Licentiate exam can be broadly categorized in two categories:** 👉🏻Licentiate exam for life insurance ✔️Principles of insurance (IC 01) ✔️Practice of life insurance (IC 02) ✔️Regulation of business insurance (IC 14) 👉🏻Licentiate exam for general insurance ✔️Principles of insurance (IC 01) ✔️Regulation of business insurance (IC 14) ✔️Practice of general insurance (IC 11)