PROPERTY AND CASUALTY INSURANCE PRODUCER – OKLAHOMA QUESTIONS AND CORRECT ANSWERS VERIFIED LATEST GRADE A +

PROPERTY AND CASUALTY INSURANCE
PRODUCER – OKLAHOMA QUESTIONS AND
CORRECT ANSWERS VERIFIED LATEST 2023-
2024 GRADE A +


Withholding material facts involved in the contract on
which the insurer relies.
A - Delineation
B - Avoidance
C - Misrepresentation
D - Concealment - CORRECT ANSWER >>D -
Concealment

How many days' written notice must be given if an insurer
wishes to change the deductible within a policy?
A - 15
B - 30
C - 45
D - 60 - CORRECT ANSWER >>C - 45

All of the following are requirements to be licensed as an
adjuster in Oklahoma EXCEPT...
A - Having successfully passed or been exempted from
the adjuster's licensing exam
B - Being a trustworthy person

, C - Being at least 21 years old
D - Having experience or special education and training
sufficient to make the person competent to carry out the
duties of an adjuster - CORRECT ANSWER >>C - Being
at least 21 years old

Insured motorists who successfully complete a motor
vehicle accident prevention course are entitled to a
reduced premium for how long?
A - 6 months
B - 1 Year
C - 5 Years
D - 3 Years - CORRECT ANSWER >>D - 3 Years

A deliberate misrepresentation that causes harm.
A - Misdirection
B - Malicious Lie
C - Concealment
D - Fraud - CORRECT ANSWER >>D - Fraud

What is the fee to renew a biennial license, regardless of
the number of companies represented?
A - $40
B - $60
C - $20
D - $100 - CORRECT ANSWER >>B - $60