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