ARM™ 401 – My Answers to The Most Common Questions
The ARM™ 401 is a difficult exam. This exam focuses on the topics of risk management, assessment, and treatment.
In this blog, I’m going to answer some of the most common questions that we receive about the ARM™ 401 exam. In this blog we will answer the following questions:
- What is the ARM™ 401 exam format?
- What is the passing grade for the ARM™ 401?
- What is the cost of the ARM™ 401 exam?
- What is the most difficult aspect of the ARM™ 401?
- What study material do you recommend for the ARM™ 401?
What is the ARM™ 401 exam format?
The ARM™ 401 exam consists of 75 multiple choice questions broken up into two types of questions, part A and part B.
- Part A: Concept questions – The first section of the exam will be concept questions; these questions will test your understanding of a definition or topic. The multiple-choice answers will generally provide 2 or 3 partially correct answers and one “best” answer.
- Part B: Case questions – The second section of the exam will be case questions; these questions will require you to apply your knowledge to a specific scenario or event. You will be given a real-life scenario; your job will be to select the best recommendation to solve the given scenario.
The ARM™ 401 exam focuses on the topics of risk management. This exam is broken up into three topics:
- Part A – Risk Identification and Analysis
- Part B – Big Data, Hazard Risk, and Cyber Risk
- Part C – Other Types of Risk (Operational, Social Media, Financial, and Supply Chain)
What is the passing grade for the ARM™ 401?
The passing grade for the ARM™ 401 exam is 70%. This means you must answer 70% of the questions correctly to receive a passing grade on the ARM™ 401.
Since the ARM™ 401 exam is 75 questions long, this means you must answer 53 questions correctly (you can get 22 wrong) to earn a passing grade on the ARM™ 401.
What is the cost of the ARM™ 401 exam?
The cost of ARM™ 401 exam varies depending on your choice of study material and exam registration. Each exam costs about $320 and study material ranges between $250 to $400 per exam.
This means the total ARM™ 401 exam cost is around $600.
I recommend this study material from AB Training Center for $295. It comes with a print book, digital book, and audiobook and is definitely worth the money.
What is the most difficult aspect of the ARM™ 401?
The hardest part of the ARM™ 401 will be memorizing every topic. There is a ton of information to digest and comprehend. Not only do you need to understand and memorize each topic, but you must comprehend the content to a high enough degree that you can apply the concepts in a real-life scenario. You will see these concepts formatted as scenario questions on your exam. You must memorize each concept AND be able to apply the concept in a real-life scenario on your exam.
For more information checkout our blog detailing the ARM™ 401 exam difficulty.
What study material do you recommend for the ARM™ 401?
Unfortunately, we do not offer an ARM™ 401 course at this time I do recommend this study material from AB Training Center. This is the study material I use; it does a great job breaking down the materials into the most important topics in simple notes (about 6 pages per chapter) so I could easily memorize the content. It also includes an “educational objectives” section at the end that reflected a lot of the most important topics and a full practice exam to prepare for the official exam. The material comes with a print book, digital book, and audiobook. Here are the three ARM™ courses I recommend:
Free Practice Exam
Ready to get started studying? We’re here to help (for free). Download our free ARM™ 401 practice exams to get a feel for the type of questions you will see on the exam.
[button url=”https://associatepi.com/practice-exam-download/” class=”blue” bg=”” hover_bg=”” size=”0px” color=”white” radius=”0px” width=”0px” height=”0px” target=”_self”] Download: Free ARM™ 401 Practice Exam [/button]
For more information about the ARM™ 401 exam, check out some of our other free resources:
- ARM™ 401 exam questions
- ARM™ 401 exam format
- ARM™ 401 exam difficulty
- ARM™ 401 flash cards
- ARM™ 401 passing grade
- ARM™ 401 Q&A
- ARM™ Designation Overview
- ARM™ Exam Pass Rates
Difficulty rank, importance rank, and the advice provided in this resource are solely the opinion of AssociatePI. This resource is intended to provide you with a general idea of where your focus should be. Each exam administered by The Institutes is different. AssociatePI is not affiliated with The Institutes or involved in the exam writing process. Please be sure to thoroughly study every chapter and every topic of this course.
ARM™ exams are administered by the American Institute for Chartered Property Casualty Underwriters (“The Institutes”). AssociatePI does not administer the actual exams, we are an independent resource of free content, advice, and study material for professional insurance education. This blog is intended for informational purposes only, to inform prospective students of the benefit of the ARM™ designation.
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