Oklahoma Property and Casualty
Exam Prep
Actuary - ANS-A person who uses mathematical methods to research loss statistics and
increase insurance costs.
Adjuster - ANS-Investigates claims, adjusts losses, and negotiates claim settlements for the
insurer
Alien Insurer - ANS-An insurer shaped below the laws of Switzerland and authorized to do
commercial enterprise in the State of Oklahoma
Certificate - ANS-An insurer's documentation to do enterprise in Oklahoma
Coercion - ANS-Using a risk or pressure to create a monopoly in a transaction of coverage
Defamation - ANS-stating important records concerning some other insurance agent
Domestic Insurer - ANS-An insurer included under the laws of the State of Oklahoma
Give written be aware of a listening to - ANS-When the Oklahoma Insurance Department
(OID) gets notification of a ability violation of the Insurance Code, this need to be achieved
first
Producer (agent)
(Field Underwriter) - ANS-A individual required to be licensed to solicit, negotiate, promote,
or carrier/ practice coverage on behalf of the insurer
Rebating - ANS-Offering a $one hundred fifty present card in exchange for moving into an
coverage agreement
Regarding the National Association of Insurance Commissioners (NAIC) - ANS-Insurance
Commissioners can receive or reject suggestions made by using the NAIC
The Oklahoma Commissioner - ANS-1. Must have no less than 5 years enjoy
2. Must be at least 25 years antique
3. Serves a 4 yr time period
5. Is elected and no longer appointed
The Oklahoma Insurance Commissioner is - ANS-John Doak
The Oklahoma Insurance Department promulgating Rules and Regulations - ANS-Issued as
often as necessary
Exam Prep
Actuary - ANS-A person who uses mathematical methods to research loss statistics and
increase insurance costs.
Adjuster - ANS-Investigates claims, adjusts losses, and negotiates claim settlements for the
insurer
Alien Insurer - ANS-An insurer shaped below the laws of Switzerland and authorized to do
commercial enterprise in the State of Oklahoma
Certificate - ANS-An insurer's documentation to do enterprise in Oklahoma
Coercion - ANS-Using a risk or pressure to create a monopoly in a transaction of coverage
Defamation - ANS-stating important records concerning some other insurance agent
Domestic Insurer - ANS-An insurer included under the laws of the State of Oklahoma
Give written be aware of a listening to - ANS-When the Oklahoma Insurance Department
(OID) gets notification of a ability violation of the Insurance Code, this need to be achieved
first
Producer (agent)
(Field Underwriter) - ANS-A individual required to be licensed to solicit, negotiate, promote,
or carrier/ practice coverage on behalf of the insurer
Rebating - ANS-Offering a $one hundred fifty present card in exchange for moving into an
coverage agreement
Regarding the National Association of Insurance Commissioners (NAIC) - ANS-Insurance
Commissioners can receive or reject suggestions made by using the NAIC
The Oklahoma Commissioner - ANS-1. Must have no less than 5 years enjoy
2. Must be at least 25 years antique
3. Serves a 4 yr time period
5. Is elected and no longer appointed
The Oklahoma Insurance Commissioner is - ANS-John Doak
The Oklahoma Insurance Department promulgating Rules and Regulations - ANS-Issued as
often as necessary
