Oklahoma Adjuster License – 3 Questions And Answers Correct 100%

All of the following statements are TRUE regarding a proof of loss statement, EXCEPT: - ANSWERSA proof of loss is also known as a loss notice The "loss notice" is NOT the formal proof of loss. The loss notice is provided by the insured to the agent or insurer as soon as possible after the loss has occurred. Which of the following acts is NOT considered to be "transacting insurance" within the state of Oklahoma? - ANSWERSTaking an agency's incoming payments, sometimes containing premium payments, to the bank for deposit A staff person in an agency office who is simply taking a deposit to the bank is not transacting insurance even if that bank deposit contained premium payments. In Oklahoma, employers may contract with a managed care plan to provide medical care for their injured workers at a reduced cost. These plans are known as: - ANSWERSCertified Workplace Medical Plan A Certified Workplace Medical Plan is the name that Oklahoma titles managed care plans for employers. Which of the following statements is TRUE regarding the Personal Effects Floater? - ANSWERSIt can be purchased either on a permanent basis for frequent travelers or for a single trip The standardized Building and Personal Property Coverage form requires the insured to submit a signed, sworn proof of loss statement: - ANSWERSWithin 60 days of the insurance company's request All of the following statements regarding the basic extended reporting period in a