Oklahoma Insurance Adjuster Exam – 177 Questions
Exam Prep Pack | Latest Update 2026 | 100% Pass
Guarantee | PDF
1. Describe the specific topics that must be included in the continuing
education for insurance adjusters in Oklahoma.
The continuing education must include hours on marketing and sales
strategies.
The continuing education must focus solely on ethics and customer
service.
The continuing education must include specific hours on ethics,
earthquakes, and floods.
The continuing education must cover general insurance practices
without specific topics.
2. If an insurance agent offers a potential client a gift card to persuade them to
purchase a policy, what legal issue could arise from this action?
It would likely lead to an increase in policy sales.
It would enhance the agent's reputation.
It is a standard practice in the industry.
It could be considered unlawful inducement.
3. What must be done for the Earthquake and Volcanic Eruption Endorsement
to be valid?
It must be added to one of the causes of loss forms and cannot be
purchased alone.
It can be purchased independently without any additional forms.
It must be included in the standard home insurance policy.
, It requires a separate policy to be effective.
4. If there is more than one policy covering a risk, how much would each insurer
be liable to pay in the event of a loss?
All insurers covering the risk decided how much each will contribute.
The insured can choose which policy they want to be identified from.
The total amount of the loss is divided equally among each insurer.
Each insurer is liable only for its rateable proportion of a loss.
5. If an insurance adjuster in Oklahoma is found to be in violation of the
insurance code, what immediate action can the commissioner take?
Suspend their license
Issue a cease and desist order
Require additional training
Impose a fine
6. Describe the significance of Valuable Papers and Records coverage in the
context of insurance policies.
Valuable Papers and Records coverage is significant because it
protects against financial loss due to the destruction of important
documents.
Valuable Papers and Records coverage only applies to personal
property.
Valuable Papers and Records coverage is only relevant for businesses
with physical assets.
Valuable Papers and Records coverage is unnecessary if a business
has digital backups.
,7. What actions are classified as unlawful inducement in the context of insurance
sales?
Advertising insurance products through social media.
Providing discounts on premiums for early payments.
Offering or accepting employment, stocks, bonds, or prizes to
persuade someone to buy insurance.
Offering free consultations to potential clients.
8. If a business owner neglects to maintain the required fire services as per their
Protective Safeguards Endorsement and suffers a fire loss, what is the likely
outcome regarding their insurance claim?
The claim will be expedited due to the endorsement.
The insurance claim may be denied.
The claim will be partially covered with a penalty.
The claim will be fully covered regardless of the endorsement.
9. Describe the implications of the 'transfer of rights and duties under the policy'
condition for the insured.
The insured can transfer rights as long as they notify the insurance
company afterward.
The insured can transfer duties but not rights.
The insured can freely transfer rights without any restrictions.
The insured must seek permission from the insurance company
before transferring any rights or responsibilities.
, 10. If a shipping company loses a bill of lading, what potential issues could arise
for the shipment?
The shipment will incur additional shipping fees.
The shipment may face delays and disputes over ownership.
The shipment will be automatically insured.
The shipment will be delivered without any issues.
11. Describe the characteristics of businesses that would benefit from a Business
Owner's Policy.
Large corporations need extensive coverage for multiple locations
and high-value assets.
Non-profit organizations focus solely on liability coverage without
property insurance.
Small to medium-sized businesses typically have lower risks and
require comprehensive coverage at an affordable rate.
Freelancers and independent contractors usually do not need any
insurance coverage.
12. What are some key areas that regulations governing insurance practices
cover?
Investment strategies, market analysis, and consumer advocacy.
Sales techniques, customer service, and marketing regulations.
Licensing, policy forms, claims handling, and consumer protection.
Risk assessment, underwriting processes, and financial audits.
Exam Prep Pack | Latest Update 2026 | 100% Pass
Guarantee | PDF
1. Describe the specific topics that must be included in the continuing
education for insurance adjusters in Oklahoma.
The continuing education must include hours on marketing and sales
strategies.
The continuing education must focus solely on ethics and customer
service.
The continuing education must include specific hours on ethics,
earthquakes, and floods.
The continuing education must cover general insurance practices
without specific topics.
2. If an insurance agent offers a potential client a gift card to persuade them to
purchase a policy, what legal issue could arise from this action?
It would likely lead to an increase in policy sales.
It would enhance the agent's reputation.
It is a standard practice in the industry.
It could be considered unlawful inducement.
3. What must be done for the Earthquake and Volcanic Eruption Endorsement
to be valid?
It must be added to one of the causes of loss forms and cannot be
purchased alone.
It can be purchased independently without any additional forms.
It must be included in the standard home insurance policy.
, It requires a separate policy to be effective.
4. If there is more than one policy covering a risk, how much would each insurer
be liable to pay in the event of a loss?
All insurers covering the risk decided how much each will contribute.
The insured can choose which policy they want to be identified from.
The total amount of the loss is divided equally among each insurer.
Each insurer is liable only for its rateable proportion of a loss.
5. If an insurance adjuster in Oklahoma is found to be in violation of the
insurance code, what immediate action can the commissioner take?
Suspend their license
Issue a cease and desist order
Require additional training
Impose a fine
6. Describe the significance of Valuable Papers and Records coverage in the
context of insurance policies.
Valuable Papers and Records coverage is significant because it
protects against financial loss due to the destruction of important
documents.
Valuable Papers and Records coverage only applies to personal
property.
Valuable Papers and Records coverage is only relevant for businesses
with physical assets.
Valuable Papers and Records coverage is unnecessary if a business
has digital backups.
,7. What actions are classified as unlawful inducement in the context of insurance
sales?
Advertising insurance products through social media.
Providing discounts on premiums for early payments.
Offering or accepting employment, stocks, bonds, or prizes to
persuade someone to buy insurance.
Offering free consultations to potential clients.
8. If a business owner neglects to maintain the required fire services as per their
Protective Safeguards Endorsement and suffers a fire loss, what is the likely
outcome regarding their insurance claim?
The claim will be expedited due to the endorsement.
The insurance claim may be denied.
The claim will be partially covered with a penalty.
The claim will be fully covered regardless of the endorsement.
9. Describe the implications of the 'transfer of rights and duties under the policy'
condition for the insured.
The insured can transfer rights as long as they notify the insurance
company afterward.
The insured can transfer duties but not rights.
The insured can freely transfer rights without any restrictions.
The insured must seek permission from the insurance company
before transferring any rights or responsibilities.
, 10. If a shipping company loses a bill of lading, what potential issues could arise
for the shipment?
The shipment will incur additional shipping fees.
The shipment may face delays and disputes over ownership.
The shipment will be automatically insured.
The shipment will be delivered without any issues.
11. Describe the characteristics of businesses that would benefit from a Business
Owner's Policy.
Large corporations need extensive coverage for multiple locations
and high-value assets.
Non-profit organizations focus solely on liability coverage without
property insurance.
Small to medium-sized businesses typically have lower risks and
require comprehensive coverage at an affordable rate.
Freelancers and independent contractors usually do not need any
insurance coverage.
12. What are some key areas that regulations governing insurance practices
cover?
Investment strategies, market analysis, and consumer advocacy.
Sales techniques, customer service, and marketing regulations.
Licensing, policy forms, claims handling, and consumer protection.
Risk assessment, underwriting processes, and financial audits.
