Oklahoma Adjuster Exam questions and
Correct Answers (Verified Answers) Plus
Rationales 2026 Q&A | Instant Download Pdf
1. What is the primary role of an insurance adjuster?
A. Selling insurance policies
B. Investigating and settling claims
C. Underwriting new policies
D. Auditing insurance companies
The adjuster's main responsibility is to investigate claims,
determine coverage, and negotiate settlements.
2. Which of the following types of insurance covers damage to a
vehicle caused by a collision?
A. Comprehensive
B. Liability
C. Collision
D. Personal Injury Protection
Collision insurance specifically covers damage to your car resulting
from a collision with another vehicle or object.
3. What does “indemnity” mean in insurance?
A. Increasing the value of a policy
B. Restoring the insured to the same financial position as before
the loss
C. Canceling a policy
D. Paying premiums in advance
Indemnity is the principle of compensating the insured to the
extent of their loss, not more.
,4. Which of the following is an example of a first-party claim?
A. A neighbor sues you for damages
B. You file a claim with your insurer for a house fire
C. The insurance company sues a third party
D. A company seeks damages from another company
First-party claims involve the policyholder making a claim against
their own insurance policy.
5. Which element must be proven for a liability claim?
A. Intent to cause damage
B. Property ownership
C. Negligence or fault
D. Premium payment
Liability claims require proof that the insured was negligent or at
fault in causing the loss or injury.
6. What is the purpose of a deductible in an insurance policy?
A. To increase premiums
B. To provide additional coverage
C. To reduce the insurer’s risk and share the cost of loss with the
insured
D. To delay claims processing
A deductible is the amount the insured pays before insurance
coverage applies, helping prevent small claims and sharing risk.
7. Which type of policy pays for bodily injury and property damage
you cause to others?
A. Collision
B. Liability
C. Comprehensive
D. Uninsured motorist
, Liability coverage protects the insured against claims for damages
they cause to others.
8. What is the main function of reinsurance?
A. Selling insurance to new customers
B. Transferring risk from one insurer to another
C. Regulating insurance rates
D. Investigating fraud
Reinsurance allows an insurer to spread risk by transferring part of
the risk to another insurance company.
9. Which term describes the person covered under an insurance
policy?
A. Beneficiary
B. Underwriter
C. Insured
D. Claimant
The insured is the person or entity protected by the insurance
policy.
10. Which factor is most likely to affect a property insurance
premium?
A. Brand of appliances
B. Location and risk exposure
C. Color of the building
D. Number of rooms in the house
Premiums are influenced by the risk factors, like location and
exposure to hazards such as fire or flooding.
11. What does a binder provide?
A. Temporary proof of insurance
B. Permanent coverage
C. Policy cancellation
Correct Answers (Verified Answers) Plus
Rationales 2026 Q&A | Instant Download Pdf
1. What is the primary role of an insurance adjuster?
A. Selling insurance policies
B. Investigating and settling claims
C. Underwriting new policies
D. Auditing insurance companies
The adjuster's main responsibility is to investigate claims,
determine coverage, and negotiate settlements.
2. Which of the following types of insurance covers damage to a
vehicle caused by a collision?
A. Comprehensive
B. Liability
C. Collision
D. Personal Injury Protection
Collision insurance specifically covers damage to your car resulting
from a collision with another vehicle or object.
3. What does “indemnity” mean in insurance?
A. Increasing the value of a policy
B. Restoring the insured to the same financial position as before
the loss
C. Canceling a policy
D. Paying premiums in advance
Indemnity is the principle of compensating the insured to the
extent of their loss, not more.
,4. Which of the following is an example of a first-party claim?
A. A neighbor sues you for damages
B. You file a claim with your insurer for a house fire
C. The insurance company sues a third party
D. A company seeks damages from another company
First-party claims involve the policyholder making a claim against
their own insurance policy.
5. Which element must be proven for a liability claim?
A. Intent to cause damage
B. Property ownership
C. Negligence or fault
D. Premium payment
Liability claims require proof that the insured was negligent or at
fault in causing the loss or injury.
6. What is the purpose of a deductible in an insurance policy?
A. To increase premiums
B. To provide additional coverage
C. To reduce the insurer’s risk and share the cost of loss with the
insured
D. To delay claims processing
A deductible is the amount the insured pays before insurance
coverage applies, helping prevent small claims and sharing risk.
7. Which type of policy pays for bodily injury and property damage
you cause to others?
A. Collision
B. Liability
C. Comprehensive
D. Uninsured motorist
, Liability coverage protects the insured against claims for damages
they cause to others.
8. What is the main function of reinsurance?
A. Selling insurance to new customers
B. Transferring risk from one insurer to another
C. Regulating insurance rates
D. Investigating fraud
Reinsurance allows an insurer to spread risk by transferring part of
the risk to another insurance company.
9. Which term describes the person covered under an insurance
policy?
A. Beneficiary
B. Underwriter
C. Insured
D. Claimant
The insured is the person or entity protected by the insurance
policy.
10. Which factor is most likely to affect a property insurance
premium?
A. Brand of appliances
B. Location and risk exposure
C. Color of the building
D. Number of rooms in the house
Premiums are influenced by the risk factors, like location and
exposure to hazards such as fire or flooding.
11. What does a binder provide?
A. Temporary proof of insurance
B. Permanent coverage
C. Policy cancellation
