Oklahoma Adjuster Exam #2 questions with complete solutions 2024/2025

Oklahoma Adjuster Exam #2 questions with complete solutions 2024/2025 An individual applied for auto insurance and obtained coverage from EMU Insurance Company. Who is the first party in the contract? - Correct Answer The Insured If a fire hazard causes damage to a building, the fire is? - Correct Answer A peril wearing a seatbelt in a car is an example of which method or managing risk? - Correct Answer Reduce Tiffany leaves her car unlocked when she goes shopping. She figures her car and its contents are insured, so there is no reason to worry. Which type of hazard is this an example of? - Correct Answer Morale A flood is an example of - Correct Answer A peril An insurance company incorporated in Oklahoma and conducting business in Oklahoma is known as a domestic company. What kind of company are they considered if they do business in Minnesota? - Correct Answer Foreign Which of the following is true about stock companies - Correct Answer a stock company pays dividends What do insurance companies use to help predict how many losses will occur in a group or class of individuals - Correct Answer The law of large numbers States require companies to have a license to sell insurance in the state. T