Page 1 of 90
OKLAHOMA, OK PROPERTY AND CASUALTY ADJUSTER
EXAMEXAM COMPLETE 400 QUESTIONS AND DETAILED
SOLUTIONS LATEST UPDATE THIS YEAR
OKLAHOMA PROPERTY AND CASUALTY ADJUSTER EXAM
Any licensee applying for renewal of an adjuster license must complete ____ hours of
continuing insurance education, of which ___ hours must be in ethics.
a) 10, 5
b) 15, 3
c) 24, 3
d) 24, 5
24, 3
An adjuster who has been convicted of a criminal felony involving dishonesty or breach of
trust is subject to license revocation and a civil penalty of at least $_______ for each
violation.
a) $100
b) $1,000
c) $1,500
d) $10,000
$10,000
The Commissioner must examine all domestic and foreign insurers at least once every _____
years.
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,Page 2 of 90
a) three
b) five
c) seven
d) ten
five
The Commissioner may impose a civil penalty between $_____ and $______ to the insurer for
any violation of the Unfair Claims Settlement Practices Act.
a) $100, $10,000
b) $1,000, $10,000
c) $100, $5,000
d) $1,000, $5,000
$100, $5,000
Insurers and adjusters must respond to an inquiry from the Commissioner within ____
calendar days from the date of receipt of the inquiry.
a) 5
b) 10
c) 20
d) 30
20
Insurers are required to respond to communications from claimants within ___ days.
a) 5
b) 10
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c) 20
d) 30
30
Insurers and adjusters may not offer prizes, goods, or merchandise worth more than $_____
as an inducement to purchase insurance.
a) $10
b) $50
c) $100
d) $1,000
$100
Define "inducement".
A thing that persuades or influences someone to do something.
What unfair trade practice involves paying or offering to pay anything of value to induce
someone to buy insurance?
a) Rebating
b) Inducement
c) Defamation
d) Nonrenewal
Rebating
Mark knowingly publishes a false statement about the financial condition of Insurance
Company A in order to deter business from them. What type of unfair trade practice has
Mark committed?
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, Page 4 of 90
a) Rebating
b) Inducement
c) Defamation
d) Nonrenewal
Defamation
An insurer can only cancel a policy by first giving the insured at least 10 days notice if the
policy has been in effect for _____ days.
a) 5
b) 15
c) 30
d) 45
45
An adjuster must notify the Insurance Commissioner of a change of address within how many
days?
30 days
Prior to the issuance or renewal of a license as a public adjuster, the applicant must file with
the Commissioner a surety bond in favor of the people of the State of Oklahoma, executed by
a surety company authorized to do business in the state, in the amount of
a) $1,000
b) $2,500
c) $10,000
d) $25,000
$25,000
4
OKLAHOMA, OK PROPERTY AND CASUALTY ADJUSTER
EXAMEXAM COMPLETE 400 QUESTIONS AND DETAILED
SOLUTIONS LATEST UPDATE THIS YEAR
OKLAHOMA PROPERTY AND CASUALTY ADJUSTER EXAM
Any licensee applying for renewal of an adjuster license must complete ____ hours of
continuing insurance education, of which ___ hours must be in ethics.
a) 10, 5
b) 15, 3
c) 24, 3
d) 24, 5
24, 3
An adjuster who has been convicted of a criminal felony involving dishonesty or breach of
trust is subject to license revocation and a civil penalty of at least $_______ for each
violation.
a) $100
b) $1,000
c) $1,500
d) $10,000
$10,000
The Commissioner must examine all domestic and foreign insurers at least once every _____
years.
1
,Page 2 of 90
a) three
b) five
c) seven
d) ten
five
The Commissioner may impose a civil penalty between $_____ and $______ to the insurer for
any violation of the Unfair Claims Settlement Practices Act.
a) $100, $10,000
b) $1,000, $10,000
c) $100, $5,000
d) $1,000, $5,000
$100, $5,000
Insurers and adjusters must respond to an inquiry from the Commissioner within ____
calendar days from the date of receipt of the inquiry.
a) 5
b) 10
c) 20
d) 30
20
Insurers are required to respond to communications from claimants within ___ days.
a) 5
b) 10
2
,Page 3 of 90
c) 20
d) 30
30
Insurers and adjusters may not offer prizes, goods, or merchandise worth more than $_____
as an inducement to purchase insurance.
a) $10
b) $50
c) $100
d) $1,000
$100
Define "inducement".
A thing that persuades or influences someone to do something.
What unfair trade practice involves paying or offering to pay anything of value to induce
someone to buy insurance?
a) Rebating
b) Inducement
c) Defamation
d) Nonrenewal
Rebating
Mark knowingly publishes a false statement about the financial condition of Insurance
Company A in order to deter business from them. What type of unfair trade practice has
Mark committed?
3
, Page 4 of 90
a) Rebating
b) Inducement
c) Defamation
d) Nonrenewal
Defamation
An insurer can only cancel a policy by first giving the insured at least 10 days notice if the
policy has been in effect for _____ days.
a) 5
b) 15
c) 30
d) 45
45
An adjuster must notify the Insurance Commissioner of a change of address within how many
days?
30 days
Prior to the issuance or renewal of a license as a public adjuster, the applicant must file with
the Commissioner a surety bond in favor of the people of the State of Oklahoma, executed by
a surety company authorized to do business in the state, in the amount of
a) $1,000
b) $2,500
c) $10,000
d) $25,000
$25,000
4
