Oklahoma State Personal Lines Property and Casualty Lines
Insurance Test Questions with Correct Answers 2025/2026
HO-1 - CORRECT ANSWER -a policy that typically helps cover 10 perils
fire and lightning; windstorms and hail; explosion; riots and civil commotion; aircraft; vehicles;
smoke; vandalism and malicious mischief; theft; glass that is part of the home; and volcanic
eruptions
HO-2 - CORRECT ANSWER -Broad Form; owner occupant
it covers both your dwelling and personal property from damage caused by events, or perils,
specifically named in your policy and nothing else.
HO-3 - CORRECT ANSWER -Special Form; owner occupant
insures the described owner-occupied dwelling, private structures in connection with the
dwelling, unscheduled personal property on and away from the premises, and loss of use.
HO-4 - CORRECT ANSWER -Tenants or Renters
covers: 1) damages or losses to your stuff 2) legal fees if you're sued 3) other's medical bills if
you're at fault and 4) temp living expenses if your place becomes uninhabitable.
HO-5 - CORRECT ANSWER -Comprehensive Form; owner occupant
,protects your home's main structure, including its exterior and interior walls, foundation and
roof. Other structures: This type of coverage protects detached structures on your property, like
fences, gazebos, guest houses and swimming pools.
BROADEST FORM OF ALL
HO-6 - CORRECT ANSWER -Condominium Owners
condo insurance protects your unit and everything it contains, provides liability coverage, loss of
use coverage and more
HO-8 - CORRECT ANSWER -Modified Form for Special Risks
provides basic named perils coverage for direct damage to property, personal liability coverage,
and medical payments to others as respects owner-occupied dwellings.
What is covered in broad perils form?
a. Theft
b. glass breakage
c. smoke
d. riot - CORRECT ANSWER -b. glass breakage
along with ice and snow weight, freezing pipes collapse, falling objects and electrical damage.
DP-1 - CORRECT ANSWER -this policy is an "actual cash value" policy, which means depreciation
will be deducted from any damages you are awarded after a claim after a fire.
,vandalism and malicious mischief is an optional coverage under this section.
Fire, lightning internal, explosion.
DP-2 - CORRECT ANSWER -Designed for rental companies
insures your property for its replacement cost, which offers the full amount to replace or repair
the property with new, similar items after a fire.
DP-3 - CORRECT ANSWER -Covers the structure after a fire, may not include sheds or garages.
Theft is not covered under this. Debris removal is paid in the limit assigned.
Which form is undesirable, pure or speculative? - CORRECT ANSWER -Pure
Special forms coverage is coverage on a DP policy that combines broad form perils with what
other perils? - CORRECT ANSWER -Special forms coverage- combines them both.
DP-2 and DP-3 deny coverage for a dwelling vacant for more than 30 days. This restriction was
amended in 2002 to how many days? - CORRECT ANSWER -60
Insured motorists who successfully complete a motor vehicle accident prevention course are
entitled to a reduced premium for how long? - CORRECT ANSWER -3 years
Homeowners policy renewal notices must be mailed at least how many days prior to policy
expiration? - CORRECT ANSWER -30 days
, Acme Imports has purchased a large number of wooden salt and pepper shakers from Poland
and will import them to the United States. The shipment will be covered by an inland marine
insurance policy while in all of the following places EXCEPT... - CORRECT ANSWER -stocking
shelves
Limited lines producers may be licensed to transact all of the following insurance business
EXCEPT... - CORRECT ANSWER -casualty and prepaid dental
Which of the following is NOT an unfair trade practice? - CORRECT ANSWER -replacing life
insurance policies
How many days' written notice must be given if an insurer wishes to change the deductible
within a policy? - CORRECT ANSWER -45
Sole proprietors are exempt from Workers Compensation. - CORRECT ANSWER -true
If an insurer engages in any trade practice that involves unfair competition or deceptive acts,
the Commissioner may investigate possible unfair trade practices and do witch of the
following... - CORRECT ANSWER --fine the insurer
-suspend the license
-revoke the license
Any person who is employed in agriculture or horticulture who is notengaged in operation of
motorized machines is exempt from Workers Compensation. - CORRECT ANSWER -true
Before selling insurance to the public, an unauthorized insurer must.. - CORRECT ANSWER -
Receive any new business directly through an eligible surplus lines licensee or broker
Insurance Test Questions with Correct Answers 2025/2026
HO-1 - CORRECT ANSWER -a policy that typically helps cover 10 perils
fire and lightning; windstorms and hail; explosion; riots and civil commotion; aircraft; vehicles;
smoke; vandalism and malicious mischief; theft; glass that is part of the home; and volcanic
eruptions
HO-2 - CORRECT ANSWER -Broad Form; owner occupant
it covers both your dwelling and personal property from damage caused by events, or perils,
specifically named in your policy and nothing else.
HO-3 - CORRECT ANSWER -Special Form; owner occupant
insures the described owner-occupied dwelling, private structures in connection with the
dwelling, unscheduled personal property on and away from the premises, and loss of use.
HO-4 - CORRECT ANSWER -Tenants or Renters
covers: 1) damages or losses to your stuff 2) legal fees if you're sued 3) other's medical bills if
you're at fault and 4) temp living expenses if your place becomes uninhabitable.
HO-5 - CORRECT ANSWER -Comprehensive Form; owner occupant
,protects your home's main structure, including its exterior and interior walls, foundation and
roof. Other structures: This type of coverage protects detached structures on your property, like
fences, gazebos, guest houses and swimming pools.
BROADEST FORM OF ALL
HO-6 - CORRECT ANSWER -Condominium Owners
condo insurance protects your unit and everything it contains, provides liability coverage, loss of
use coverage and more
HO-8 - CORRECT ANSWER -Modified Form for Special Risks
provides basic named perils coverage for direct damage to property, personal liability coverage,
and medical payments to others as respects owner-occupied dwellings.
What is covered in broad perils form?
a. Theft
b. glass breakage
c. smoke
d. riot - CORRECT ANSWER -b. glass breakage
along with ice and snow weight, freezing pipes collapse, falling objects and electrical damage.
DP-1 - CORRECT ANSWER -this policy is an "actual cash value" policy, which means depreciation
will be deducted from any damages you are awarded after a claim after a fire.
,vandalism and malicious mischief is an optional coverage under this section.
Fire, lightning internal, explosion.
DP-2 - CORRECT ANSWER -Designed for rental companies
insures your property for its replacement cost, which offers the full amount to replace or repair
the property with new, similar items after a fire.
DP-3 - CORRECT ANSWER -Covers the structure after a fire, may not include sheds or garages.
Theft is not covered under this. Debris removal is paid in the limit assigned.
Which form is undesirable, pure or speculative? - CORRECT ANSWER -Pure
Special forms coverage is coverage on a DP policy that combines broad form perils with what
other perils? - CORRECT ANSWER -Special forms coverage- combines them both.
DP-2 and DP-3 deny coverage for a dwelling vacant for more than 30 days. This restriction was
amended in 2002 to how many days? - CORRECT ANSWER -60
Insured motorists who successfully complete a motor vehicle accident prevention course are
entitled to a reduced premium for how long? - CORRECT ANSWER -3 years
Homeowners policy renewal notices must be mailed at least how many days prior to policy
expiration? - CORRECT ANSWER -30 days
, Acme Imports has purchased a large number of wooden salt and pepper shakers from Poland
and will import them to the United States. The shipment will be covered by an inland marine
insurance policy while in all of the following places EXCEPT... - CORRECT ANSWER -stocking
shelves
Limited lines producers may be licensed to transact all of the following insurance business
EXCEPT... - CORRECT ANSWER -casualty and prepaid dental
Which of the following is NOT an unfair trade practice? - CORRECT ANSWER -replacing life
insurance policies
How many days' written notice must be given if an insurer wishes to change the deductible
within a policy? - CORRECT ANSWER -45
Sole proprietors are exempt from Workers Compensation. - CORRECT ANSWER -true
If an insurer engages in any trade practice that involves unfair competition or deceptive acts,
the Commissioner may investigate possible unfair trade practices and do witch of the
following... - CORRECT ANSWER --fine the insurer
-suspend the license
-revoke the license
Any person who is employed in agriculture or horticulture who is notengaged in operation of
motorized machines is exempt from Workers Compensation. - CORRECT ANSWER -true
Before selling insurance to the public, an unauthorized insurer must.. - CORRECT ANSWER -
Receive any new business directly through an eligible surplus lines licensee or broker
