Oklahoma Property & Casualty Exam Complete Exam
Questions and CORRECT Answers| (2025 update)
Assured success| grade A+
Licensing: Change of Address - (ANSWER)Notify the Insurance Commissioner
within 30 days of any change in legal name, mailing address
Licensing: Disciplinary Actions - (ANSWER)Fraud, misrepresentation, dishonesty,
noncompliance, committing of insurance fraud or unfair trade practice
Violation of Insurance Adjusters Licensing Act may be subject to fine of 1k per
violation
10k per day insurance is practiced illegally, if adjuster convicted of felony
involving dishonesty or breach of trust, without Commissioner's consent
Licensing: Maintenance (including CE) - (ANSWER)24 hours, 3 ethics, 2 hours of
legislative updates, 19 hours of general adjuster information
Good for 2 years
Licensing: Qualifications - (ANSWER)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
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.
Licensing: Types of Licensees - (ANSWER)1. Property
2. Casualty
3. Crime and Fidelity
4. Crop/Hail
5. Multi-Peril Crop
6. Worker's Compensation
State Insurance Statues, Rules, and Regulations: Binders - (ANSWER)Contracts for
temporary insurance, may be made orally or written
Not valid beyond the issuance of the policy or beyond 90 days from its effective
date, whichever is shorter
If policy not issues, binder may be extended or renewed beyond 90 days with
written approval of Insurance Commissioner
, State Insurance Statues, Rules, and Regulations: Cancellation and Nonrenewal -
(ANSWER)Insurer cannot increase premium, rates, cancel policy, or refuse to
issue/renew policy solely because policyholder inquired about making claim (but
did not actually make one)
State Insurance Statues, Rules, and Regulations: Cancellation and Nonrenewal -
Commercial - (ANSWER)Insurer must send written notice in advance
- notice of cancellation: 10 days in advance
- notice of nonrenewal: 45 days in advance
State Insurance Statues, Rules, and Regulations: Cancellation and Nonrenewal -
Residential - (ANSWER)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
- notice of policy change: 30 days before policy expires
- notice of nonrenewal - 30 days
- notice of cancellation - 10 days, must give insurer written notice with date of
cancellation
State Insurance Statues, Rules, and Regulations: Cancellation and Nonrenewal -
Auto - (ANSWER)Cancellation: 10 days
Nonrenewal - 20 days UNLESS insured is not paying premiums, then 10 days
Questions and CORRECT Answers| (2025 update)
Assured success| grade A+
Licensing: Change of Address - (ANSWER)Notify the Insurance Commissioner
within 30 days of any change in legal name, mailing address
Licensing: Disciplinary Actions - (ANSWER)Fraud, misrepresentation, dishonesty,
noncompliance, committing of insurance fraud or unfair trade practice
Violation of Insurance Adjusters Licensing Act may be subject to fine of 1k per
violation
10k per day insurance is practiced illegally, if adjuster convicted of felony
involving dishonesty or breach of trust, without Commissioner's consent
Licensing: Maintenance (including CE) - (ANSWER)24 hours, 3 ethics, 2 hours of
legislative updates, 19 hours of general adjuster information
Good for 2 years
Licensing: Qualifications - (ANSWER)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
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.
Licensing: Types of Licensees - (ANSWER)1. Property
2. Casualty
3. Crime and Fidelity
4. Crop/Hail
5. Multi-Peril Crop
6. Worker's Compensation
State Insurance Statues, Rules, and Regulations: Binders - (ANSWER)Contracts for
temporary insurance, may be made orally or written
Not valid beyond the issuance of the policy or beyond 90 days from its effective
date, whichever is shorter
If policy not issues, binder may be extended or renewed beyond 90 days with
written approval of Insurance Commissioner
, State Insurance Statues, Rules, and Regulations: Cancellation and Nonrenewal -
(ANSWER)Insurer cannot increase premium, rates, cancel policy, or refuse to
issue/renew policy solely because policyholder inquired about making claim (but
did not actually make one)
State Insurance Statues, Rules, and Regulations: Cancellation and Nonrenewal -
Commercial - (ANSWER)Insurer must send written notice in advance
- notice of cancellation: 10 days in advance
- notice of nonrenewal: 45 days in advance
State Insurance Statues, Rules, and Regulations: Cancellation and Nonrenewal -
Residential - (ANSWER)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
- notice of policy change: 30 days before policy expires
- notice of nonrenewal - 30 days
- notice of cancellation - 10 days, must give insurer written notice with date of
cancellation
State Insurance Statues, Rules, and Regulations: Cancellation and Nonrenewal -
Auto - (ANSWER)Cancellation: 10 days
Nonrenewal - 20 days UNLESS insured is not paying premiums, then 10 days
