OKLAHOMA ADJUSTER LICENSE PRACTICE EXAM
QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) Q&A 2026|INSTANT DOWNLOAD PDF
1. What is the primary role of an insurance adjuster?
A. Sell insurance policies
B. Investigate and settle claims
C. Approve underwriting guidelines
D. Set insurance premiums
Rationale: Adjusters evaluate claims and determine settlement
amounts.
Answer: B
2. A “claim” is best defined as:
A. A request for policy cancellation
B. A demand for payment under a policy
C. A premium payment notice
D. A policy renewal notice
Rationale: A claim is a formal request for benefits under an
insurance policy.
Answer: B
3. The principle of indemnity means:
A. Profit from insurance claims
B. Restoration to pre-loss condition
C. Replacement with superior value
D. Guaranteed payment for all losses
,Rationale: Insurance restores, not profits the insured.
Answer: B
4. Which document defines coverage terms?
A. Police report
B. Insurance policy
C. Claim form
D. Loss notice
Rationale: The policy outlines coverage obligations.
Answer: B
5. What is subrogation?
A. Waiving a deductible
B. Transfer of rights to recover damages
C. Denying a claim
D. Increasing premiums
Rationale: Insurer steps into insured’s rights after payment.
Answer: B
6. Which is a first-party claim?
A. Injured pedestrian claim
B. Insured’s own property damage claim
C. Lawsuit claim
D. Liability claim against insured
Rationale: First-party claims involve insured’s own policy.
Answer: B
7. Deductible refers to:
A. Premium discount
B. Amount insured pays before coverage applies
, C. Claim limit
D. Broker commission
Rationale: Deductible is out-of-pocket portion.
Answer: B
8. Fraud in insurance claims involves:
A. Honest mistake
B. Intentional deception for benefit
C. Late filing
D. Policy renewal
Rationale: Fraud requires intent.
Answer: B
9. Liability insurance primarily covers:
A. Insured’s property loss
B. Legal responsibility to others
C. Life insurance benefits
D. Savings accounts
Rationale: Liability protects against third-party claims.
Answer: B
10. Which is NOT part of claims investigation?
A. Interviewing witnesses
B. Inspecting damage
C. Selling policies
D. Reviewing documents
Rationale: Selling is not an adjuster function.
Answer: C
QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) Q&A 2026|INSTANT DOWNLOAD PDF
1. What is the primary role of an insurance adjuster?
A. Sell insurance policies
B. Investigate and settle claims
C. Approve underwriting guidelines
D. Set insurance premiums
Rationale: Adjusters evaluate claims and determine settlement
amounts.
Answer: B
2. A “claim” is best defined as:
A. A request for policy cancellation
B. A demand for payment under a policy
C. A premium payment notice
D. A policy renewal notice
Rationale: A claim is a formal request for benefits under an
insurance policy.
Answer: B
3. The principle of indemnity means:
A. Profit from insurance claims
B. Restoration to pre-loss condition
C. Replacement with superior value
D. Guaranteed payment for all losses
,Rationale: Insurance restores, not profits the insured.
Answer: B
4. Which document defines coverage terms?
A. Police report
B. Insurance policy
C. Claim form
D. Loss notice
Rationale: The policy outlines coverage obligations.
Answer: B
5. What is subrogation?
A. Waiving a deductible
B. Transfer of rights to recover damages
C. Denying a claim
D. Increasing premiums
Rationale: Insurer steps into insured’s rights after payment.
Answer: B
6. Which is a first-party claim?
A. Injured pedestrian claim
B. Insured’s own property damage claim
C. Lawsuit claim
D. Liability claim against insured
Rationale: First-party claims involve insured’s own policy.
Answer: B
7. Deductible refers to:
A. Premium discount
B. Amount insured pays before coverage applies
, C. Claim limit
D. Broker commission
Rationale: Deductible is out-of-pocket portion.
Answer: B
8. Fraud in insurance claims involves:
A. Honest mistake
B. Intentional deception for benefit
C. Late filing
D. Policy renewal
Rationale: Fraud requires intent.
Answer: B
9. Liability insurance primarily covers:
A. Insured’s property loss
B. Legal responsibility to others
C. Life insurance benefits
D. Savings accounts
Rationale: Liability protects against third-party claims.
Answer: B
10. Which is NOT part of claims investigation?
A. Interviewing witnesses
B. Inspecting damage
C. Selling policies
D. Reviewing documents
Rationale: Selling is not an adjuster function.
Answer: C
