OKLAHOMA PROPERTY AND
CASUALTY INSURANCE EXAM 2026
STUDY GUIDE TEST BANK
QUESTIONS ANSWERS VERIFIED A+
◉ Licensing: Disciplinary Actions. Answer: Fraud, misrepresentation,
dishonesty, noncompliance, committing of insurance fraud or unfair
trade practice
Violation of Insurance Adjusters Licensing Act may be subject to fine of
1k per violation
10k per day insurance is practiced illegally, if adjuster convicted of
felony involving dishonesty or breach of trust, without Commissioner's
consent
◉ Licensing: Maintenance (including CE). Answer: 24 hours, 3 ethics, 2
hours of legislative updates, 19 hours of general adjuster information
Good for 2 years
◉ Licensing: Qualifications. Answer: Do not need college degree
RESIDENT
OK Resident
,18 years of age
Trustworthy
Have experience or special education needed to be able to fulfill the
responsibilities of an adjuster
Pass exam in 2 years before applying
NON-RESIDENT
Be at least 18 years old
Be trustworthy
Have the experience or special education needed to be able to fulfill the
responsibilities of an adjuster
Live in a state or country, or designate a home state, that grants non-
resident licenses to Oklahoma adjusters
Hold and maintain a current resident adjuster license, for which the
applicant passed an exam, in the adjuster's home state (or in a
"designated home state" if the home state does not require an exam for
licensure)
,If not a US citizen, be in compliance with all federal laws pertaining to
employment.
◉ Licensing: Types of Licensees. Answer: 1. Property
2. Casualty
3. Crime and Fidelity
4. Crop/Hail
5. Multi-Peril Crop
6. Worker's Compensation
◉ State Insurance Statues, Rules, and Regulations: Binders. Answer:
Contracts for temporary insurance, may be made orally or written
Not valid beyond the issuance of the policy or beyond 90 days from its
effective date, whichever is shorter
If policy not issues, binder may be extended or renewed beyond 90 days
with written approval of Insurance Commissioner
◉ State Insurance Statues, Rules, and Regulations: Cancellation and
Nonrenewal. Answer: Insurer cannot increase premium, rates, cancel
policy, or refuse to issue/renew policy solely because policyholder
inquired about making claim (but did not actually make one)
, ◉ State Insurance Statues, Rules, and Regulations: Cancellation and
Nonrenewal - Commercial. Answer: Insurer must send written notice in
advance
- notice of cancellation: 10 days in advance
- notice of nonrenewal: 45 days in advance
◉ State Insurance Statues, Rules, and Regulations: Cancellation and
Nonrenewal - Residential. Answer: After policy has been in effect for
more than 45 days, insurer may not cancel, refuse to renew, or increase
premium just because insured filed first claim
- notice of policy change: 30 days before policy expires
- notice of nonrenewal - 30 days
- notice of cancellation - 10 days, must give insurer written notice with
date of cancellation
◉ State Insurance Statues, Rules, and Regulations: Cancellation and
Nonrenewal - Auto. Answer: Cancellation: 10 days
Nonrenewal - 20 days UNLESS insured is not paying premiums, then 10
days
◉ State Insurance Statues, Rules, and Regulations: Insurance
Commissioner General Duties and Powers. Answer: Powers
- to examine and investigate any person who is part of the insurance
industry in Oklahoma to determine if the person has been or is currently
engaging in unfair or deceptive practices
CASUALTY INSURANCE EXAM 2026
STUDY GUIDE TEST BANK
QUESTIONS ANSWERS VERIFIED A+
◉ Licensing: Disciplinary Actions. Answer: Fraud, misrepresentation,
dishonesty, noncompliance, committing of insurance fraud or unfair
trade practice
Violation of Insurance Adjusters Licensing Act may be subject to fine of
1k per violation
10k per day insurance is practiced illegally, if adjuster convicted of
felony involving dishonesty or breach of trust, without Commissioner's
consent
◉ Licensing: Maintenance (including CE). Answer: 24 hours, 3 ethics, 2
hours of legislative updates, 19 hours of general adjuster information
Good for 2 years
◉ Licensing: Qualifications. Answer: Do not need college degree
RESIDENT
OK Resident
,18 years of age
Trustworthy
Have experience or special education needed to be able to fulfill the
responsibilities of an adjuster
Pass exam in 2 years before applying
NON-RESIDENT
Be at least 18 years old
Be trustworthy
Have the experience or special education needed to be able to fulfill the
responsibilities of an adjuster
Live in a state or country, or designate a home state, that grants non-
resident licenses to Oklahoma adjusters
Hold and maintain a current resident adjuster license, for which the
applicant passed an exam, in the adjuster's home state (or in a
"designated home state" if the home state does not require an exam for
licensure)
,If not a US citizen, be in compliance with all federal laws pertaining to
employment.
◉ Licensing: Types of Licensees. Answer: 1. Property
2. Casualty
3. Crime and Fidelity
4. Crop/Hail
5. Multi-Peril Crop
6. Worker's Compensation
◉ State Insurance Statues, Rules, and Regulations: Binders. Answer:
Contracts for temporary insurance, may be made orally or written
Not valid beyond the issuance of the policy or beyond 90 days from its
effective date, whichever is shorter
If policy not issues, binder may be extended or renewed beyond 90 days
with written approval of Insurance Commissioner
◉ State Insurance Statues, Rules, and Regulations: Cancellation and
Nonrenewal. Answer: Insurer cannot increase premium, rates, cancel
policy, or refuse to issue/renew policy solely because policyholder
inquired about making claim (but did not actually make one)
, ◉ State Insurance Statues, Rules, and Regulations: Cancellation and
Nonrenewal - Commercial. Answer: Insurer must send written notice in
advance
- notice of cancellation: 10 days in advance
- notice of nonrenewal: 45 days in advance
◉ State Insurance Statues, Rules, and Regulations: Cancellation and
Nonrenewal - Residential. Answer: After policy has been in effect for
more than 45 days, insurer may not cancel, refuse to renew, or increase
premium just because insured filed first claim
- notice of policy change: 30 days before policy expires
- notice of nonrenewal - 30 days
- notice of cancellation - 10 days, must give insurer written notice with
date of cancellation
◉ State Insurance Statues, Rules, and Regulations: Cancellation and
Nonrenewal - Auto. Answer: Cancellation: 10 days
Nonrenewal - 20 days UNLESS insured is not paying premiums, then 10
days
◉ State Insurance Statues, Rules, and Regulations: Insurance
Commissioner General Duties and Powers. Answer: Powers
- to examine and investigate any person who is part of the insurance
industry in Oklahoma to determine if the person has been or is currently
engaging in unfair or deceptive practices
