OKLAHOMA PROPERTY & CASUALTY
EXAM 2025 QUESTIONS AND ANSWERS
Licensing: Change of Address - ANS Notify the Insurance Commissioner within 30 days of any
change in legal name, mailing address
Licensing: Disciplinary Actions - ANS 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) - ANS 24 hours, 3 ethics, 2 hours of legislative updates,
19 hours of general adjuster information
Good for 2 years
Licensing: Qualifications - ANS Do not need college degree
RESIDENT
1
OK Resident
Page
@COPYRIGHT @THEBRIGHT 2025/2026
, 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 - ANS 1. Property
2
Page
2. Casualty
@COPYRIGHT @THEBRIGHT 2025/2026
, 3. Crime and Fidelity
4. Crop/Hail
5. Multi-Peril Crop
6. Worker's Compensation
State Insurance Statues, Rules, and Regulations: Binders - ANS 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 - ANS 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 -
ANS 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 -
ANS 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
3
Page
- notice of cancellation - 10 days, must give insurer written notice with date of cancellation
@COPYRIGHT @THEBRIGHT 2025/2026
, State Insurance Statues, Rules, and Regulations: Cancellation and Nonrenewal - Auto -
ANS Cancellation: 10 days
Nonrenewal - 20 days UNLESS insured is not paying premiums, then 10 days
State Insurance Statues, Rules, and Regulations: Insurance Commissioner General Duties and
Powers - ANS 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
- insurers must respond within 30 days to any insurer inquiries
Duties
- 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
State Insurance Statues, Rules, and Regulations: Proof of Loss - ANS In some cases, 60 day
time limit applies to submitting proof of loss forms
- insurer has 60 days to accept/deny claim after receiving proof of loss
State Insurance Statues, Rules, and Regulations: Property and Casualty Insurance Guaranty
Association - ANS 1. Covers insurers who can't afford to pay claims
2. Designed to avoid excessive delay in payments, financial loss to claimants, and provide an
industry association to asses cost of these issues
4
Page
@COPYRIGHT @THEBRIGHT 2025/2026
EXAM 2025 QUESTIONS AND ANSWERS
Licensing: Change of Address - ANS Notify the Insurance Commissioner within 30 days of any
change in legal name, mailing address
Licensing: Disciplinary Actions - ANS 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) - ANS 24 hours, 3 ethics, 2 hours of legislative updates,
19 hours of general adjuster information
Good for 2 years
Licensing: Qualifications - ANS Do not need college degree
RESIDENT
1
OK Resident
Page
@COPYRIGHT @THEBRIGHT 2025/2026
, 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 - ANS 1. Property
2
Page
2. Casualty
@COPYRIGHT @THEBRIGHT 2025/2026
, 3. Crime and Fidelity
4. Crop/Hail
5. Multi-Peril Crop
6. Worker's Compensation
State Insurance Statues, Rules, and Regulations: Binders - ANS 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 - ANS 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 -
ANS 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 -
ANS 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
3
Page
- notice of cancellation - 10 days, must give insurer written notice with date of cancellation
@COPYRIGHT @THEBRIGHT 2025/2026
, State Insurance Statues, Rules, and Regulations: Cancellation and Nonrenewal - Auto -
ANS Cancellation: 10 days
Nonrenewal - 20 days UNLESS insured is not paying premiums, then 10 days
State Insurance Statues, Rules, and Regulations: Insurance Commissioner General Duties and
Powers - ANS 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
- insurers must respond within 30 days to any insurer inquiries
Duties
- 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
State Insurance Statues, Rules, and Regulations: Proof of Loss - ANS In some cases, 60 day
time limit applies to submitting proof of loss forms
- insurer has 60 days to accept/deny claim after receiving proof of loss
State Insurance Statues, Rules, and Regulations: Property and Casualty Insurance Guaranty
Association - ANS 1. Covers insurers who can't afford to pay claims
2. Designed to avoid excessive delay in payments, financial loss to claimants, and provide an
industry association to asses cost of these issues
4
Page
@COPYRIGHT @THEBRIGHT 2025/2026
