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. These questions come directly from our ARM™ 401 students.

  • 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 50 multiple-choice questions in the virtual exam.

The virtual ARM™ exams will be 65-minutes long. Meaning, to answer every question before the time runs out, you should plan on spending about 1 minute and 18 seconds to answer each question (50 questions in 65 minutes).

All questions on the virtual exam will be application-based scenario questions. These are tricky questions that require you to apply your knowledge to a real-life scenario to choose the appropriate answer (you will not be repeating a definition or concept). That means, there is really no way to cheat on your exam, so don’t even try.

You can download one of our free practice exams to see what these questions look like.

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 50 questions long, this means you must answer 35 questions correctly (you can get 15 wrong) to earn a passing grade on the ARM™ 401.

What is the cost of the ARM™ 401 exam?

The cost of the ARM™ 401 exam varies depending on your choice of study material and exam registration. Each exam costs about $320 and study material ranges from $300 to $425 per exam. This means the total ARM™ 401 exam cost is around $600.

Our ARM™ 401 course is $300 for the full course or $150 for practice exams. Our full course comes with our money-back guarantee, pass your exam or your money back.

What is the most difficult aspect of the ARM™ 401?

The hardest part of the ARM™ 401 will be memorizing every topic and math formula. 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.

This exam gives students trouble because there is a lot of content to memorize.

Most notably, there is a lot of math on this exam. You will need to memorize and compute complex formulas including the current ratio, debt-to-equity ratio, RAROC, standard deviation, coefficient of variation, and normal distribution curve. In total, there are over 20 math formulas that you will need to memorize and understand how to compute.

For more information check out our blog detailing the ARM™ 401 exam difficulty.

What study material do you recommend for the ARM™ 401?

We recommend our ARM™ 401 Online Course.

We write our online courses to simplify the studying process, conveying the topics in simple terms and plain English. We make it easy to read, comprehend, and consume the abundance of complex content. This course will cover every topic and minor details that may appear on the ARM™ 401 exam. This course is updated according to the latest edition of the ARM™ 401 exam, this course is up to date with the current content of the exam.

Simply put, our ARM™ 401 Online Course is written in plain English, by industry experts that have earned their certification, designed to cut out the fluff and focus on the most important topics so you can pass your exam in less time, with less hassle (guaranteed). On average, students pass their ARM™ 401 exam using our course in just two weeks of studying one hour per day.

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.

Download: Free Practice Exam (CPCU® | ARM™ | AINS™ | API™)

More Information

For more information about the ARM™ 401 exam, check out some of our other free resources:



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.

CPCU®, ARM™ and API are trademarks of the American Institute for Chartered Property Casualty Underwriters (“The Institutes”). AssociatePI LLC is not affiliated with, associated with, endorsed by or otherwise supported or recognized by The Institutes in any way. AssociatePI LLC is not authorized by The Institutes to offer courses, practice examinations, or any other resources related to the Institutes’ designations or other programs.

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