OKLAHOMA PROPERTY & CASUALTY
EXAM PREP Questions and Correct
Answers Graded A+ 100% Complete
Guaranteed Verified by Experts
1. Actuary: A person who uses mathematical methods to analyze loss data and develop insurance
rates.
2. Underwriter
(Home Office Underwriter): An employee of the insurer who:
1. Gathers information
2. Analyzes exposures (classifying risk)
3. Selections risk for the insurer
3. Producer (agent)
(Field Underwriter): A person required to be licensed to solicit, negotiate, sell, or service/ practice
insurance
on behalf of the insurer
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5
, 4. Adjuster: Investigates claims, adjusts losses, and negotiates claim settlements for the insurer
5. Underwriter: A person who selects risk for the insurer
6. The Oklahoma Commissioner: 1. Must have a minimum of 5 years experience
2. Must be at least 25 years old
3. Serves a four year term
5. Is elected and not appointed
7. The Oklahoma Insurance Department promulgating Rules and
Regulations-
: Issued as often as necessary
8. The Oklahoma Insurance Commissioner is: John Doak
9. XYZ Insurance Company is unauthorized. Before XYZ can sell
insurance to the public in the state of Oklahoma, they are required to: receive
new business from an eligible surplus lines broker
2/
5
EXAM PREP Questions and Correct
Answers Graded A+ 100% Complete
Guaranteed Verified by Experts
1. Actuary: A person who uses mathematical methods to analyze loss data and develop insurance
rates.
2. Underwriter
(Home Office Underwriter): An employee of the insurer who:
1. Gathers information
2. Analyzes exposures (classifying risk)
3. Selections risk for the insurer
3. Producer (agent)
(Field Underwriter): A person required to be licensed to solicit, negotiate, sell, or service/ practice
insurance
on behalf of the insurer
1/
5
, 4. Adjuster: Investigates claims, adjusts losses, and negotiates claim settlements for the insurer
5. Underwriter: A person who selects risk for the insurer
6. The Oklahoma Commissioner: 1. Must have a minimum of 5 years experience
2. Must be at least 25 years old
3. Serves a four year term
5. Is elected and not appointed
7. The Oklahoma Insurance Department promulgating Rules and
Regulations-
: Issued as often as necessary
8. The Oklahoma Insurance Commissioner is: John Doak
9. XYZ Insurance Company is unauthorized. Before XYZ can sell
insurance to the public in the state of Oklahoma, they are required to: receive
new business from an eligible surplus lines broker
2/
5
