Final answer:
The number of times an applicant may take the insurance licensing examination in a 12-month period depends on the regulations of the specific state or country, with requirements such as mandatory waiting periods between attempts influencing this limit.
Step-by-step explanation:
The number of times an applicant may take the insurance licensing examination in a 12-month period can vary depending on the state or country's regulations. In general, there may not be a strict limit on the number of times an individual can take the exam within a year, but candidates may be required to wait a certain period between attempts, which could effectively limit the number of times one can sit for the exam. For example, if a candidate must wait 30 days before retaking the exam, that would allow for a maximum of 12 attempts in a 12-month period given there are no other restrictions. However, it's important for the candidate to check with the specific regulatory body or insurance department that governs insurance licensing in their region to obtain the accurate rules and requirements.