8/24/25, 8:06 AM Oklahoma Property & Casualty Exam \ Complete Exam Questions and CORRECT Answers| (2025 update) Assured success| grade…
Oklahoma Property & Casualty Exam \ Complete
Exam Questions and CORRECT Answers| (2025
update) Assured success| grade A+
Save
Terms in this set (150)
Licensing: Change of Notify the Insurance Commissioner within 30 days of
Address any change in legal name, mailing address
Fraud, misrepresentation, dishonesty, noncompliance,
committing of insurance fraud or unfair trade practice
Violation of Insurance Adjusters Licensing Act may be
Licensing: Disciplinary
subject to fine of 1k per violation
Actions
10k per day insurance is practiced illegally, if adjuster
convicted of felony involving dishonesty or breach of
trust, without Commissioner's consent
24 hours, 3 ethics, 2 hours of legislative updates, 19
Licensing: Maintenance hours of general adjuster information
(including CE)
Good for 2 years
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,8/24/25, 8:06 AM Oklahoma Property & Casualty Exam \ Complete Exam Questions and CORRECT Answers| (2025 update) Assured success| grade…
Do not need college degree
RESIDENT
OK Resident
18 years of age
Trustworthy
Have experience or special education needed to be
able to fulfill the responsibilities of an adjuster
Pass exam in 2 years before applying
NON-RESIDENT
Be at least 18 years old
Licensing: Qualifications
Be trustworthy
Have the experience or special education needed to
be able to fulfill the responsibilities of an adjuster
Live in a state or country, or designate a home state,
that grants non-resident licenses to Oklahoma
adjusters
Hold and maintain a current resident adjuster license,
for which the applicant passed an exam, in the
adjuster's home state (or in a "designated home state"
if the home state does not require an exam for
licensure)
If not a US citizen, be in compliance with all federal
laws pertaining to employment.
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,8/24/25, 8:06 AM Oklahoma Property & Casualty Exam \ Complete Exam Questions and CORRECT Answers| (2025 update) Assured success| grade…
1. Property
2. Casualty
Licensing: Types of 3. Crime and Fidelity
Licensees 4. Crop/Hail
5. Multi-Peril Crop
6. Worker's Compensation
Contracts for temporary insurance, may be made
orally or written
Not valid beyond the issuance of the policy or
State Insurance Statues,
beyond 90 days from its effective date, whichever is
Rules, and Regulations:
shorter
Binders
If policy not issues, binder may be extended or
renewed beyond 90 days with written approval of
Insurance Commissioner
State Insurance Statues, Insurer cannot increase premium, rates, cancel policy,
Rules, and Regulations: or refuse to issue/renew policy solely because
Cancellation and policyholder inquired about making claim (but did not
Nonrenewal actually make one)
State Insurance Statues, Insurer must send written notice in advance
Rules, and Regulations: - notice of cancellation: 10 days in advance
Cancellation and - notice of nonrenewal: 45 days in advance
Nonrenewal - Commercial
After policy has been in effect for more than 45 days,
insurer may not cancel, refuse to renew, or increase
premium just because insured filed first claim
State Insurance Statues,
Rules, and Regulations:
- notice of policy change: 30 days before policy
Cancellation and
expires
Nonrenewal - Residential
- notice of nonrenewal - 30 days
- notice of cancellation - 10 days, must give insurer
written notice with date of cancellation
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, 8/24/25, 8:06 AM Oklahoma Property & Casualty Exam \ Complete Exam Questions and CORRECT Answers| (2025 update) Assured success| grade…
State Insurance Statues, Cancellation: 10 days
Rules, and Regulations: Nonrenewal - 20 days UNLESS insured is not paying
Cancellation and premiums, then 10 days
Nonrenewal - Auto
Powers
- to examine and investigate any person who is part of
the insurance industry in Oklahoma to determine if the
person has been or is currently engaging in unfair or
deceptive practices
State Insurance Statues, - insurers must respond within 30 days to any insurer
Rules, and Regulations: inquiries
Insurance Commissioner
General Duties and Duties
Powers - examine insurers claim files at least once every 5
years
- investigate insurance business if suspected to be
doing unfair practice
- can issue cease and desist order if found guilty
- can hold hearing
- can fine insurer $100-$1,000 for each violation
In some cases, 60 day time limit applies to submitting
State Insurance Statues,
proof of loss forms
Rules, and Regulations:
- insurer has 60 days to accept/deny claim after
Proof of Loss
receiving proof of loss
State Insurance Statues, 1. Covers insurers who can't afford to pay claims
Rules, and Regulations: 2. Designed to avoid excessive delay in payments,
Property and Casualty financial loss to claimants, and provide an industry
Insurance Guaranty association to asses cost of these issues
Association
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Oklahoma Property & Casualty Exam \ Complete
Exam Questions and CORRECT Answers| (2025
update) Assured success| grade A+
Save
Terms in this set (150)
Licensing: Change of Notify the Insurance Commissioner within 30 days of
Address any change in legal name, mailing address
Fraud, misrepresentation, dishonesty, noncompliance,
committing of insurance fraud or unfair trade practice
Violation of Insurance Adjusters Licensing Act may be
Licensing: Disciplinary
subject to fine of 1k per violation
Actions
10k per day insurance is practiced illegally, if adjuster
convicted of felony involving dishonesty or breach of
trust, without Commissioner's consent
24 hours, 3 ethics, 2 hours of legislative updates, 19
Licensing: Maintenance hours of general adjuster information
(including CE)
Good for 2 years
https://quizlet.com/1067880516/oklahoma-property-casualty-exam-complete-exam-questions-and-correct-answers-2025-update-assured-success-gra… 1/47
,8/24/25, 8:06 AM Oklahoma Property & Casualty Exam \ Complete Exam Questions and CORRECT Answers| (2025 update) Assured success| grade…
Do not need college degree
RESIDENT
OK Resident
18 years of age
Trustworthy
Have experience or special education needed to be
able to fulfill the responsibilities of an adjuster
Pass exam in 2 years before applying
NON-RESIDENT
Be at least 18 years old
Licensing: Qualifications
Be trustworthy
Have the experience or special education needed to
be able to fulfill the responsibilities of an adjuster
Live in a state or country, or designate a home state,
that grants non-resident licenses to Oklahoma
adjusters
Hold and maintain a current resident adjuster license,
for which the applicant passed an exam, in the
adjuster's home state (or in a "designated home state"
if the home state does not require an exam for
licensure)
If not a US citizen, be in compliance with all federal
laws pertaining to employment.
https://quizlet.com/1067880516/oklahoma-property-casualty-exam-complete-exam-questions-and-correct-answers-2025-update-assured-success-gra… 2/47
,8/24/25, 8:06 AM Oklahoma Property & Casualty Exam \ Complete Exam Questions and CORRECT Answers| (2025 update) Assured success| grade…
1. Property
2. Casualty
Licensing: Types of 3. Crime and Fidelity
Licensees 4. Crop/Hail
5. Multi-Peril Crop
6. Worker's Compensation
Contracts for temporary insurance, may be made
orally or written
Not valid beyond the issuance of the policy or
State Insurance Statues,
beyond 90 days from its effective date, whichever is
Rules, and Regulations:
shorter
Binders
If policy not issues, binder may be extended or
renewed beyond 90 days with written approval of
Insurance Commissioner
State Insurance Statues, Insurer cannot increase premium, rates, cancel policy,
Rules, and Regulations: or refuse to issue/renew policy solely because
Cancellation and policyholder inquired about making claim (but did not
Nonrenewal actually make one)
State Insurance Statues, Insurer must send written notice in advance
Rules, and Regulations: - notice of cancellation: 10 days in advance
Cancellation and - notice of nonrenewal: 45 days in advance
Nonrenewal - Commercial
After policy has been in effect for more than 45 days,
insurer may not cancel, refuse to renew, or increase
premium just because insured filed first claim
State Insurance Statues,
Rules, and Regulations:
- notice of policy change: 30 days before policy
Cancellation and
expires
Nonrenewal - Residential
- notice of nonrenewal - 30 days
- notice of cancellation - 10 days, must give insurer
written notice with date of cancellation
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, 8/24/25, 8:06 AM Oklahoma Property & Casualty Exam \ Complete Exam Questions and CORRECT Answers| (2025 update) Assured success| grade…
State Insurance Statues, Cancellation: 10 days
Rules, and Regulations: Nonrenewal - 20 days UNLESS insured is not paying
Cancellation and premiums, then 10 days
Nonrenewal - Auto
Powers
- to examine and investigate any person who is part of
the insurance industry in Oklahoma to determine if the
person has been or is currently engaging in unfair or
deceptive practices
State Insurance Statues, - insurers must respond within 30 days to any insurer
Rules, and Regulations: inquiries
Insurance Commissioner
General Duties and Duties
Powers - examine insurers claim files at least once every 5
years
- investigate insurance business if suspected to be
doing unfair practice
- can issue cease and desist order if found guilty
- can hold hearing
- can fine insurer $100-$1,000 for each violation
In some cases, 60 day time limit applies to submitting
State Insurance Statues,
proof of loss forms
Rules, and Regulations:
- insurer has 60 days to accept/deny claim after
Proof of Loss
receiving proof of loss
State Insurance Statues, 1. Covers insurers who can't afford to pay claims
Rules, and Regulations: 2. Designed to avoid excessive delay in payments,
Property and Casualty financial loss to claimants, and provide an industry
Insurance Guaranty association to asses cost of these issues
Association
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