OKLAHOMA PROPERTY AND
CASUALTY ADJUSTER EXAM
The Commissioner have to take a look at the monetary affairs of every admitted insurer
running in Oklahoma at least once every what number of years?
5 years
Maximum penalty for performing on a revoked, suspended or surrendered license is
$__________ and up to __________ years in prison
$5K; five years
Written proof of loss should be furnished to an insurer within what time frame?
60 days
Insurer ought to reply by using settling or rejecting claim inside how many days of observe
from insured?
60 days
Surplus lines insurers must keep statistics for at the least what number of years?
Three years
Surplus strains premium tax is what percentage of gross premiums?
6%
Binders are legitimate up to __ days or until the coverage is issued, whichever period is
shorter
ninety days
the minimal penalty for unfair claims agreement practices act is
$100
the maximum civil penalty for unfair claims settlement practices act is
$5,000
, The OK Property and Casualty Insurance Guaranty Association's most liability is
___________ for employee's compensation claims?
The overall quantity
The OK Property and Casualty Insurance Guaranty Association's most legal responsibility is
___________ for go back of unearned premium in keeping with policy?
$10K
The OK Property and Casualty Insurance Guaranty Association's most liability is
___________ in keeping with claim for all different protected claims?
$150K
Notice Of Cancellation/Non-Renewal is how many days earlier for cancellation?
10 days
Notice Of Cancellation/Non-Renewal is what number of days earlier for nonrenewal?
20 days
Notice Of Cancellation/Non-Renewal is what number of days earlier for nonrenewal of HO
policy?
30 days
Notice Of Cancellation/Non-Renewal is how many days earlier for nonrenewal of industrial
lines policy?
Forty five days
Financial responsibility minimum limits for BI or death to someone person per twist of fate for
automobile coverage is
$25K
Financial obligation minimum limits for BI or demise to any two or extra humans in keeping
with twist of fate for automobile coverage is
$50K
Financial responsibility minimal limits for belongings harm to others in line with coincidence
for car coverage is
$25K
CASUALTY ADJUSTER EXAM
The Commissioner have to take a look at the monetary affairs of every admitted insurer
running in Oklahoma at least once every what number of years?
5 years
Maximum penalty for performing on a revoked, suspended or surrendered license is
$__________ and up to __________ years in prison
$5K; five years
Written proof of loss should be furnished to an insurer within what time frame?
60 days
Insurer ought to reply by using settling or rejecting claim inside how many days of observe
from insured?
60 days
Surplus lines insurers must keep statistics for at the least what number of years?
Three years
Surplus strains premium tax is what percentage of gross premiums?
6%
Binders are legitimate up to __ days or until the coverage is issued, whichever period is
shorter
ninety days
the minimal penalty for unfair claims agreement practices act is
$100
the maximum civil penalty for unfair claims settlement practices act is
$5,000
, The OK Property and Casualty Insurance Guaranty Association's most liability is
___________ for employee's compensation claims?
The overall quantity
The OK Property and Casualty Insurance Guaranty Association's most legal responsibility is
___________ for go back of unearned premium in keeping with policy?
$10K
The OK Property and Casualty Insurance Guaranty Association's most liability is
___________ in keeping with claim for all different protected claims?
$150K
Notice Of Cancellation/Non-Renewal is how many days earlier for cancellation?
10 days
Notice Of Cancellation/Non-Renewal is what number of days earlier for nonrenewal?
20 days
Notice Of Cancellation/Non-Renewal is what number of days earlier for nonrenewal of HO
policy?
30 days
Notice Of Cancellation/Non-Renewal is how many days earlier for nonrenewal of industrial
lines policy?
Forty five days
Financial responsibility minimum limits for BI or death to someone person per twist of fate for
automobile coverage is
$25K
Financial obligation minimum limits for BI or demise to any two or extra humans in keeping
with twist of fate for automobile coverage is
$50K
Financial responsibility minimal limits for belongings harm to others in line with coincidence
for car coverage is
$25K
