Oklahoma Adjuster License Practice Exam
Questions and Correct Answers (Verified
Answers) Plus Rationales 2025
1. Which type of adjuster works directly for an insurance company?
A. Public adjuster
B. Independent adjuster
C. Staff adjuster
D. Contract adjuster
Staff adjusters are salaried employees of insurance companies who
adjust claims on behalf of their employer.
2. How often must an Oklahoma adjuster license be renewed?
A. Every year
B. Every two years
C. Every three years
D. Every four years
Oklahoma adjuster licenses must be renewed biennially (every two
years).
3. Which entity regulates insurance adjusters in Oklahoma?
A. Department of Labor
B. Office of Management and Budget
,C. Oklahoma Insurance Department
D. Department of Commerce
The Oklahoma Insurance Department is responsible for regulating
adjusters within the state.
4. What is the continuing education (CE) requirement for licensed adjusters in
Oklahoma?
A. 12 hours every 3 years
B. 20 hours every 5 years
C. 24 hours every 2 years
D. 10 hours every year
Oklahoma adjusters must complete 24 CE hours every 2 years, including
3 hours of ethics.
5. What type of bond must a public adjuster in Oklahoma maintain?
A. $1,000
B. $2,500
C. $25,000
D. $50,000
Oklahoma requires public adjusters to maintain a $25,000 surety bond.
6. What is the primary role of an adjuster?
A. Sell insurance
B. Investigate and settle claims
C. Underwrite insurance policies
D. Draft contracts
,Adjusters assess damages and negotiate settlements between
policyholders and insurers.
7. What type of adjuster represents the policyholder?
A. Public adjuster
B. Staff adjuster
C. Independent adjuster
D. Reinsurance adjuster
Public adjusters advocate for the insured in the claims process.
8. Which of the following best defines “indemnity”?
A. Charging more for risky clients
B. Restoring the insured to their financial position prior to the loss
C. Ignoring depreciation
D. Paying more than the loss
Indemnity ensures that the insured is compensated fairly without
profiting from a loss.
9. A written contract between a public adjuster and a client in Oklahoma must be:
A. Verbal only
B. Oral or written
C. In writing and signed by both parties
D. Optional unless over $10,000
Oklahoma law requires a written contract signed by both the public
adjuster and the client.
, 10. What is the penalty for acting as an adjuster without a license in Oklahoma?
A. Warning
B. Verbal reprimand
C. Community service
D. Fines and legal action
Unlicensed adjusting is illegal and can result in fines and legal penalties.
11. What is the purpose of the Fair Claims Settlement Practices Act in Oklahoma?
A. To sell more policies
B. To increase insurer profits
C. To ensure fair and prompt claim handling
D. To delay payouts
This act sets standards for the ethical and timely handling of insurance
claims.
12. Which of the following is not a type of property covered under a
homeowner’s policy?
A. Dwelling
B. Commercial warehouse
C. Other structures
D. Personal property
A homeowner’s policy covers personal residences, not commercial
properties.
13. Which coverage helps pay for a lawsuit filed against the insured?
A. Personal property
B. Liability
Questions and Correct Answers (Verified
Answers) Plus Rationales 2025
1. Which type of adjuster works directly for an insurance company?
A. Public adjuster
B. Independent adjuster
C. Staff adjuster
D. Contract adjuster
Staff adjusters are salaried employees of insurance companies who
adjust claims on behalf of their employer.
2. How often must an Oklahoma adjuster license be renewed?
A. Every year
B. Every two years
C. Every three years
D. Every four years
Oklahoma adjuster licenses must be renewed biennially (every two
years).
3. Which entity regulates insurance adjusters in Oklahoma?
A. Department of Labor
B. Office of Management and Budget
,C. Oklahoma Insurance Department
D. Department of Commerce
The Oklahoma Insurance Department is responsible for regulating
adjusters within the state.
4. What is the continuing education (CE) requirement for licensed adjusters in
Oklahoma?
A. 12 hours every 3 years
B. 20 hours every 5 years
C. 24 hours every 2 years
D. 10 hours every year
Oklahoma adjusters must complete 24 CE hours every 2 years, including
3 hours of ethics.
5. What type of bond must a public adjuster in Oklahoma maintain?
A. $1,000
B. $2,500
C. $25,000
D. $50,000
Oklahoma requires public adjusters to maintain a $25,000 surety bond.
6. What is the primary role of an adjuster?
A. Sell insurance
B. Investigate and settle claims
C. Underwrite insurance policies
D. Draft contracts
,Adjusters assess damages and negotiate settlements between
policyholders and insurers.
7. What type of adjuster represents the policyholder?
A. Public adjuster
B. Staff adjuster
C. Independent adjuster
D. Reinsurance adjuster
Public adjusters advocate for the insured in the claims process.
8. Which of the following best defines “indemnity”?
A. Charging more for risky clients
B. Restoring the insured to their financial position prior to the loss
C. Ignoring depreciation
D. Paying more than the loss
Indemnity ensures that the insured is compensated fairly without
profiting from a loss.
9. A written contract between a public adjuster and a client in Oklahoma must be:
A. Verbal only
B. Oral or written
C. In writing and signed by both parties
D. Optional unless over $10,000
Oklahoma law requires a written contract signed by both the public
adjuster and the client.
, 10. What is the penalty for acting as an adjuster without a license in Oklahoma?
A. Warning
B. Verbal reprimand
C. Community service
D. Fines and legal action
Unlicensed adjusting is illegal and can result in fines and legal penalties.
11. What is the purpose of the Fair Claims Settlement Practices Act in Oklahoma?
A. To sell more policies
B. To increase insurer profits
C. To ensure fair and prompt claim handling
D. To delay payouts
This act sets standards for the ethical and timely handling of insurance
claims.
12. Which of the following is not a type of property covered under a
homeowner’s policy?
A. Dwelling
B. Commercial warehouse
C. Other structures
D. Personal property
A homeowner’s policy covers personal residences, not commercial
properties.
13. Which coverage helps pay for a lawsuit filed against the insured?
A. Personal property
B. Liability
