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Oklahoma Property and Casualty exam 2023 with 100% correct answers
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Oklahoma Property and Casualty exam 2023 with 100% correct answers
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Oklahoma Property and Casualty Exam PrepActuary - correct answerA person who uses mathematical methods to analyze loss data and develop insurance rates.
Underwriter (Home Office Underwriter) - correct answerAn employee of the insurer who: 1. Gathers information
2. Analyzes exposures (classifying risk)
3. Selections risk for the insurer
Producer (agent)
(Field Underwriter) - correct answerA person required to be licensed to solicit, negotiate, sell, or service/
practice insurance on behalf of the insurer
Adjuster - correct answerInvestigates claims, adjusts losses, and negotiates claim settlements for the insurer
Underwriter - correct answerA person who selects risk for the insurer
The Oklahoma Commissioner - correct answer1. 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
The Oklahoma Insurance Department promulgating Rules and Regulations - correct answerIssued as often as necessary
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