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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 License ExamAlien - correct answerWhich type of insurer is incorporated or organized under the law of a country other than the United States?
Insurer - correct answerWho does an insurance producer represent when neglecting an insurance contract.
Writing Oklahoma Insurance laws - correct answerWhich of the following is not a duty of the insurance commissioner.
15 days - correct answerAn insurer must appoint a producer within how many days after accepting business from that producer?
5 years - correct answerThe Commissioner must examine the affair of all domestic insurance companies every?
A certificate of authority - correct answerAn insurance company's license to do business in Oklahoma in called?
Pass an examination - correct answerTo be licensed, a producer must meet which of the following qualifications?
Writing advertisements for insurance companies - correct answerWhich of the following jobs does NOT require a certificate of authority or license?
Internal revenue returns - correct answerWhich is NOT a consideration of the Commissioners while examining an insurer?
Cease and desist order - correct answerWhich of the following is a penalty for engaging in an unfair method of competition? 24 hours - correct answerAdjusters and producers must complete how many hours if continuing education biennially?
30 days - correct answerHomeowners policy renewal notices must be mailed at least how many days prior to policy expiration?
Replacing life insurance policies - correct answerWhich of the following is NOT an unfair trade practice?
May use standardize credit explanations provided by the consumer reporting agency as the reason.insureer. - correct answerIf an insurer takes an adverse action based upon credit information, the insurer.
To protect policyholders, insureds, and claimants from insurers who become insolvent. - correct answerWhat is the purpose of the Property and Casualty Insurance Guaranty Association.
A producer must be appointed to transact insurance business for at least one insurer. - correct answerWhich of the following statements about the appointment of producers is CORRECT?
A fine for not more than $5,000 - correct answerAn adjuster who does not comply with Oklahoma's continuing education requirement may be subject to all of the EXCEPT.
Casualty - correct answerLimited lines producers may be licenced to transact all of the following insurance business EXCEPT
Being at least 21 years old - correct answerAll of the following are requirements to be licensed as an adjuster in Oklahoma EXCEPT
The insurer obtaining reinsurance - correct answerAfter an insurance policy has been renewed, the policy may be canceled with 10 days notice for all the following reasons, EXCEPT.
Defamation - correct answerCirculating maliciously critical statement about an insurer's financial condition order to injure the insurer is called?
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