OKLAHOMA PROPERTY CASUALTY CORE EXAM MANUAL
QUESTIONS AND ANSWERS MARKED A+
✔✔A producer must be appointed to transact Insurance business for at least on insurer
- ✔✔Which of the following statements about the appointment of producers is
CORRECT?
✔✔Censure - ✔✔A producer who does not comply with Oklahoma's continuing
education requirements may be subject to all of the following EXCEPT
✔✔Casualty - ✔✔Limited lines producers may be licensed to transact all of the following
insurance business
✔✔Their license are valid for 1 year - ✔✔Which of the following statements about
insurance consultants is NOT correct?
✔✔Twisting - ✔✔Using misrepresentation to persuade an insured to surrender an
insurance policy is called
✔✔Defamation - ✔✔Circulating a maliciously critical statement about an insurer's
financial condition in order to injure the insurer is called
✔✔Paying bonuses to policy owners out of surplus accumulated from nonparticipating
insurance - ✔✔All of the following constitute unfair trade practices EXCEPT
✔✔Insurer - ✔✔Who is responsible for providing the proof of loss form?
✔✔60 - ✔✔Usually, a proof of loss form must be completed and returned within how
many days of receipt?
✔✔90 - ✔✔An insurer must respond to the insured after receiving the proof of loss form
within how many days?
✔✔Receive any new business directly through an eligible surplus lines licensee or
broker - ✔✔Before selling insurance to the public, an unauthorized insurer must
✔✔April 1 - ✔✔Every surplus line broker must file with the Commissioner an annual
statement of all surplus line insurance that he transacted by what date?
✔✔Financial professional who, for a fee, advises a client on the benefits or
disadvantages of purchasing insurance - ✔✔Which of the following individuals needs to
be licensed as a consultant
, ✔✔30 - ✔✔A licensed resident producer must inform the Commissioner of a change of
address within how many days of the change?
✔✔Closing the sale - ✔✔Which of the following courses would NOT be approved for
continuing education credit?
✔✔4 years - ✔✔Provides of continuing education courses are responsible for
maintaining records of completed courses for how long?
✔✔Failing to notify the Commissioner of a change of address - ✔✔The Commissioner
may suspend the license of a producer for any of the following EXCEPT
✔✔$5,000 and jailed for up to 5 years - ✔✔A producer who continues to transact
Insurance after the Commissioner has suspended his license may be fined a maximum
of
✔✔Rebating - ✔✔A producer is offering $500 gift certificates as an incentive to buy a
homeowner insurance policy. The producer is guilty of
✔✔Coercion of borrowers - ✔✔A new homeowner is being forced to buy insurance from
a particular insurer as a condition of receiving a mortgage. The lender is guilty of?
✔✔Total partial disability - ✔✔All of the following benefits may be paid according to a
schedule of compensation EXCEPT
✔✔156 - ✔✔Payments for temporary partial disability may NOT exceed how many
weeks in the aggregate?
✔✔25% of the total award - ✔✔A person who is awarded compensation for permanent
partial disability, permanent total disability, or death benefits may obtain payment in a
lump sum which may NOT exceed
✔✔7 - ✔✔Employees who are temporarily totally disabled for less than 21 days do NOT
receive any benefits under workers' compensation for how many calendar days after the
disability occurs?
✔✔Within 7 days - ✔✔Within how many days of being informed of an employee
workplace injury must the employer provide reasonable and necessary medical care?
✔✔70% - ✔✔Spouses of deceased employees are entitled to what percentage of the
employee's average weekly wages?
✔✔Social Security number of the insured - ✔✔Which of the following is NOT a required
provision in a motor vehicle policy issued in Oklahoma?
QUESTIONS AND ANSWERS MARKED A+
✔✔A producer must be appointed to transact Insurance business for at least on insurer
- ✔✔Which of the following statements about the appointment of producers is
CORRECT?
✔✔Censure - ✔✔A producer who does not comply with Oklahoma's continuing
education requirements may be subject to all of the following EXCEPT
✔✔Casualty - ✔✔Limited lines producers may be licensed to transact all of the following
insurance business
✔✔Their license are valid for 1 year - ✔✔Which of the following statements about
insurance consultants is NOT correct?
✔✔Twisting - ✔✔Using misrepresentation to persuade an insured to surrender an
insurance policy is called
✔✔Defamation - ✔✔Circulating a maliciously critical statement about an insurer's
financial condition in order to injure the insurer is called
✔✔Paying bonuses to policy owners out of surplus accumulated from nonparticipating
insurance - ✔✔All of the following constitute unfair trade practices EXCEPT
✔✔Insurer - ✔✔Who is responsible for providing the proof of loss form?
✔✔60 - ✔✔Usually, a proof of loss form must be completed and returned within how
many days of receipt?
✔✔90 - ✔✔An insurer must respond to the insured after receiving the proof of loss form
within how many days?
✔✔Receive any new business directly through an eligible surplus lines licensee or
broker - ✔✔Before selling insurance to the public, an unauthorized insurer must
✔✔April 1 - ✔✔Every surplus line broker must file with the Commissioner an annual
statement of all surplus line insurance that he transacted by what date?
✔✔Financial professional who, for a fee, advises a client on the benefits or
disadvantages of purchasing insurance - ✔✔Which of the following individuals needs to
be licensed as a consultant
, ✔✔30 - ✔✔A licensed resident producer must inform the Commissioner of a change of
address within how many days of the change?
✔✔Closing the sale - ✔✔Which of the following courses would NOT be approved for
continuing education credit?
✔✔4 years - ✔✔Provides of continuing education courses are responsible for
maintaining records of completed courses for how long?
✔✔Failing to notify the Commissioner of a change of address - ✔✔The Commissioner
may suspend the license of a producer for any of the following EXCEPT
✔✔$5,000 and jailed for up to 5 years - ✔✔A producer who continues to transact
Insurance after the Commissioner has suspended his license may be fined a maximum
of
✔✔Rebating - ✔✔A producer is offering $500 gift certificates as an incentive to buy a
homeowner insurance policy. The producer is guilty of
✔✔Coercion of borrowers - ✔✔A new homeowner is being forced to buy insurance from
a particular insurer as a condition of receiving a mortgage. The lender is guilty of?
✔✔Total partial disability - ✔✔All of the following benefits may be paid according to a
schedule of compensation EXCEPT
✔✔156 - ✔✔Payments for temporary partial disability may NOT exceed how many
weeks in the aggregate?
✔✔25% of the total award - ✔✔A person who is awarded compensation for permanent
partial disability, permanent total disability, or death benefits may obtain payment in a
lump sum which may NOT exceed
✔✔7 - ✔✔Employees who are temporarily totally disabled for less than 21 days do NOT
receive any benefits under workers' compensation for how many calendar days after the
disability occurs?
✔✔Within 7 days - ✔✔Within how many days of being informed of an employee
workplace injury must the employer provide reasonable and necessary medical care?
✔✔70% - ✔✔Spouses of deceased employees are entitled to what percentage of the
employee's average weekly wages?
✔✔Social Security number of the insured - ✔✔Which of the following is NOT a required
provision in a motor vehicle policy issued in Oklahoma?
