Oklahoma adjuster license - Study guides, Class notes & Summaries

Actuary - A person who uses mathematical methods to analyze loss data and develop insurance rates. Adjuster - Investigates claims, adjusts losses, and negotiates claim settlements for the insurer Alien Insurer - An insurer formed under the laws of Switzerland and authorized to do business in the State of Oklahoma Certificate - An insurer's documentation to do business in Oklahoma Coercion - Using a threat or force to create a monopoly in a transaction of insurance Defamation - stating cr...

A deliberate misrepresentation that causes harm. A - Misdirection B - Malicious Lie C - Concealment D - Fraud - D - Fraud A person who has been convicted of any criminal felony involving dishonesty or a breach of trust who participates in the business of insurance in Oklahoma without express authorization from the Commissioner will be subject to what fine? A - $15,000 for each act of violation. B - $10,000 for each act of violation and for each day of violation. C - 15,000 for each act...

An individual applied for auto insurance and obtained coverage from EMU Insurance Company. Who is the first party in the contract? - ANSWERSThe Insured If a fire hazard causes damage to a building, the fire is? - ANSWERSA peril wearing a seatbelt in a car is an example of which method or managing risk? - ANSWERSReduce Tiffany leaves her car unlocked when she goes shopping. She figures her car and its contents are insured, so there is no reason to worry. Which type of hazard is this an e...

OKLAHOMA PROPERTY AND CASUALTY ADJUSTER EXAM QUESTIONS AND ANSWERS 100% CORRECT OKLAHOMA PROPERTY AND CASUALTY ADJUSTER EXAM QUESTIONS AND ANSWERS 100% CORRECT OKLAHOMA PROPERTY AND CASUALTY ADJUSTER EXAM QUESTIONS AND ANSWERS 100% CORRECT The Commissioner must examine the financial affairs of each admitted insurer operating in Oklahoma at least once every how many years? - ANSWER-5 years Maximum penalty for acting on a revoked, suspended or surrendered license is $__________ and up ...

Oklahoma Adjuster Review Questions and Answers 100% CorrectOklahoma Adjuster Review Questions and Answers 100% CorrectOklahoma Adjuster Review Questions and Answers 100% CorrectOklahoma Adjuster Review Questions and Answers 100% Correct the commissioner must examine every domestic insurer and every foreign insurer at least one every ______ years - ANSWER-5 years maximum penalty for acting on a revoked, suspend license is $______ and up to five years in jail - ANSWER-$5,000 written proof...

Texas All-Lines Adjuster Pre-LicensingA friend of your moves to Texas and wants to become an insurance adjuster and asks you "what are the qualification to be an adjuster?" This person has completed her insurance designation, the CLU (Certified Life Insurance Underwriter) after passing several rigorous examinations while living in Oklahoma. Which would be the correct answer? - correct answer * a person who has a certificate of completion showing that within the past 12 months she has completed...

Oklahoma Adjuster Exam #2 questions with complete solutions 2024/2025 An individual applied for auto insurance and obtained coverage from EMU Insurance Company. Who is the first party in the contract? - Correct Answer The Insured If a fire hazard causes damage to a building, the fire is? - Correct Answer A peril wearing a seatbelt in a car is an example of which method or managing risk? - Correct Answer Reduce Tiffany leaves her car unlocked when she goes shopping. She figures her c...

When was the Kung Fou Document written? - 2700 BCE What was the Nei Jing and the Yellow Emperor? - The Nei Jing was the Yellow Emperor's book of medicine that mentioned manipulation as a part of good health care. The Yellow Emperor was the first Chinese Emperor Who was Hippocrates and what did he do relating to the spine? - Hippocrates = father of medicine Recognized subluxations and founded/used succession (form of traction) What did Hippocrates say relating to the spi...

When was the Kung Fou Document written? - Answer 2700 BCE What was the Nei Jing and the Yellow Emperor? - Answer The Nei Jing was the Yellow Emperor's book of medicine that mentioned manipulation as a part of good health care. The Yellow Emperor was the first Chinese Emperor Who was Hippocrates and what did he do relating to the spine? - Answer Hippocrates = father of medicine Recognized subluxations and founded/used succession (form of traction) What did Hippocrates say relatin...

A licensee who does not comply with the continuing education requirements outlined in the Oklahoma Insurance Code is subject to what penalties? - ANSWER-Suspended license, double license fee and a civil fine of $100 - $1,000 The maximum obligation of the Oklahoma Property and Casualty Insurance Guaranty Association for property and casualty losses, other then worker's compensation, is: - ANSWER-$150,000 A mutual insurer is owned by: - ANSWER-Policyowners All of the following are true r...