Oklahoma Insurance Adjuster License Exam Q&A Guide |
Latest Update 2026 | 100% Pass Guarantee | PDF
1. What is one of the educational requirements for obtaining an insurance
adjuster's license in Oklahoma?
has completed a specific training program
is a high school graduate or equivalent
is a certified public accountant
has a college degree in insurance
2. If the Oklahoma Insurance Commissioner needs to investigate a claim of
misconduct by an adjuster, which of the following actions could they take?
Issue a fine without a hearing.
Subpoena witnesses or evidence.
Ignore the claim unless it is escalated.
Make a public announcement without evidence.
3. Describe the significance of the term 'utilization review' in the context of
workers' compensation adjusters and their role in patient care.
Utilization review is a process that solely focuses on reducing costs
for insurance companies.
Utilization review is a legal requirement for all medical professionals in
Oklahoma.
Utilization review is significant as it ensures that the treatment plan
developed is appropriate and effective for the injured worker's
recovery.
, Utilization review is only applicable to adjusters working with chronic
injuries.
4. All of the following are types of rehabilitative services under a Worker's
Compensation policy except
Mental
Physical
Substance-abuse
Vocational
5. Describe how experience rating affects employer behavior regarding
workplace safety.
Experience rating incentivizes employers to improve safety to lower
their insurance costs.
Experience rating encourages employers to hire more workers.
Experience rating penalizes employers for filing claims.
Experience rating has no effect on employer behavior.
6. If Ulysses had been aware of the ice cream wrapper but chose to ignore it,
how might this affect his case against Anna?
It could weaken his claim of negligence against Anna.
It would strengthen his case for damages.
It would have no effect on the case.
It would automatically result in a ruling in favor of Anna.
7. Describe what is meant by the term 'exclusive remedy' in the context of
workers' compensation laws.
, The term 'exclusive remedy' means that workers' compensation is
the only legal recourse available for employees injured at work,
preventing them from suing their employer for additional damages.
The term 'exclusive remedy' indicates that employees can only file
claims for physical injuries, not psychological ones.
The term 'exclusive remedy' refers to the requirement for employees
to seek medical treatment only from approved providers.
The term 'exclusive remedy' allows employees to sue their employers
for punitive damages in addition to workers' compensation.
8. If an employee earning an average weekly wage of $1,000 sustains a
permanent total disability, how much will they receive weekly in
compensation?
$700
$800
$500
$600
9. A producer or adjuster practicing insurance after their license has been
revoked by the OID could be subject to all of the following criminal penalties,
EXCEPT?
guilty of a misdemeanor
fine up to $5,000 and no jail time
fine up to $5,000 and jail time up to 5 years in
guilty of a felony
, 10. Describe how overinsurance can lead to moral hazards in the context of
insurance claims.
Overinsurance has no impact on the behavior of the insured.
Overinsurance ensures that all claims are processed fairly and
accurately.
Overinsurance can lead to moral hazards because the insured may
be incentivized to file fraudulent claims or exaggerate losses.
Overinsurance reduces the likelihood of legitimate claims being filed.
11. In most circumstances, an injured worker is limited to one vocational
rehabilitation plan, which must be completed within ____ months of approval?
12
24
18
6
12. When an insurer takes no action upon realizing material changes in a
contract, this is called:
a misrepresentation.
a warranty.
an implied waiver.
a guarantee.
13. If an injured worker in Oklahoma requires vocational rehabilitation services
beyond the standard duration, what steps should they take to seek an
extension?
Latest Update 2026 | 100% Pass Guarantee | PDF
1. What is one of the educational requirements for obtaining an insurance
adjuster's license in Oklahoma?
has completed a specific training program
is a high school graduate or equivalent
is a certified public accountant
has a college degree in insurance
2. If the Oklahoma Insurance Commissioner needs to investigate a claim of
misconduct by an adjuster, which of the following actions could they take?
Issue a fine without a hearing.
Subpoena witnesses or evidence.
Ignore the claim unless it is escalated.
Make a public announcement without evidence.
3. Describe the significance of the term 'utilization review' in the context of
workers' compensation adjusters and their role in patient care.
Utilization review is a process that solely focuses on reducing costs
for insurance companies.
Utilization review is a legal requirement for all medical professionals in
Oklahoma.
Utilization review is significant as it ensures that the treatment plan
developed is appropriate and effective for the injured worker's
recovery.
, Utilization review is only applicable to adjusters working with chronic
injuries.
4. All of the following are types of rehabilitative services under a Worker's
Compensation policy except
Mental
Physical
Substance-abuse
Vocational
5. Describe how experience rating affects employer behavior regarding
workplace safety.
Experience rating incentivizes employers to improve safety to lower
their insurance costs.
Experience rating encourages employers to hire more workers.
Experience rating penalizes employers for filing claims.
Experience rating has no effect on employer behavior.
6. If Ulysses had been aware of the ice cream wrapper but chose to ignore it,
how might this affect his case against Anna?
It could weaken his claim of negligence against Anna.
It would strengthen his case for damages.
It would have no effect on the case.
It would automatically result in a ruling in favor of Anna.
7. Describe what is meant by the term 'exclusive remedy' in the context of
workers' compensation laws.
, The term 'exclusive remedy' means that workers' compensation is
the only legal recourse available for employees injured at work,
preventing them from suing their employer for additional damages.
The term 'exclusive remedy' indicates that employees can only file
claims for physical injuries, not psychological ones.
The term 'exclusive remedy' refers to the requirement for employees
to seek medical treatment only from approved providers.
The term 'exclusive remedy' allows employees to sue their employers
for punitive damages in addition to workers' compensation.
8. If an employee earning an average weekly wage of $1,000 sustains a
permanent total disability, how much will they receive weekly in
compensation?
$700
$800
$500
$600
9. A producer or adjuster practicing insurance after their license has been
revoked by the OID could be subject to all of the following criminal penalties,
EXCEPT?
guilty of a misdemeanor
fine up to $5,000 and no jail time
fine up to $5,000 and jail time up to 5 years in
guilty of a felony
, 10. Describe how overinsurance can lead to moral hazards in the context of
insurance claims.
Overinsurance has no impact on the behavior of the insured.
Overinsurance ensures that all claims are processed fairly and
accurately.
Overinsurance can lead to moral hazards because the insured may
be incentivized to file fraudulent claims or exaggerate losses.
Overinsurance reduces the likelihood of legitimate claims being filed.
11. In most circumstances, an injured worker is limited to one vocational
rehabilitation plan, which must be completed within ____ months of approval?
12
24
18
6
12. When an insurer takes no action upon realizing material changes in a
contract, this is called:
a misrepresentation.
a warranty.
an implied waiver.
a guarantee.
13. If an injured worker in Oklahoma requires vocational rehabilitation services
beyond the standard duration, what steps should they take to seek an
extension?
