Free Insurance Regulation Practice Questions
Oklahoma Life, Accident & Health exam — 206 practice questions.
Subtopics: Commissioner qualifications, Penalties, Licensing examination, Certificate of authority, Reporting actions, Commission sharing, Cease and desist, Privacy, Misappropriation, Controlled business, Appointment termination, Fraud warning, Guaranty association, Commissioner term, Commissioner term limit, Commissioner conflicts, Annual report, Rulemaking, Financial examinations, Examination reports, Anti-Fraud Unit, Fraud reporting immunity, Prohibited persons, Prohibited persons penalty, Emergency cease and desist, Business of insurance, Insurer domicile, Mutual insurers, Stock insurers, Fraternal benefit societies, Transacting insurance, License required, License exemptions, Producer definition, Negotiate defined, Producer qualifications, Exam to application, Business entity license, License reinstatement, Late renewal penalty, Military waiver, Change of address, Change of e-mail, Nonresident licensing, Moving to Oklahoma, Moving away, Temporary license, Disciplinary grounds, Civil fines, Denial hearing, Record keeping, Producer examinations, Surrendered licenses, Sharing commissions, Renewal commissions, Appointment, Termination of appointment, Continuing education, License term, Acting while suspended, Unlicensed activity, Inducements, Rebating exceptions, Unfair discrimination, Boycott and coercion, False financial statements, Fraudulent application, Premium notes, Financial institution names, Cease and desist penalty, Undefined unfair practices, Department inquiries, Claimant communications, Unfair claims practices, Unfair claims penalty, Complaint records, Proof of loss, Proof of loss forms, Electronic delivery, Minors, Federal insurance fraud, Fair Credit Reporting Act, Credit information, Reporting criminal prosecutions, Reporting administrative actions, Life line of authority, Variable products, Replacement statement, Replacement definition, Replacement exemptions, Replacement documents, Replacement review, Replacement notice to old insurer, Replacement confidentiality, Replacement records, Replacement notice, Replacement penalties, Guaranty association limits, Guaranty association exclusions, A&H line of authority, HMO producers, MEWAs, Federal fraud statute, Do Not Call, Illustrations, Disclosure, McCarran-Ferguson Act, NAIC, Twisting, Rebating, CAN-SPAM Act, Advertising, State regulation, HIPAA privacy, Anti-money laundering, Unfair trade practices, Fiduciary duty, Producer licensing, Insurer authorization, Senior designations, Replacement, Annuity best interest, HIV testing
Read the Insurance Regulation study guide
Sample questions & answers
1. Under 36 O.S. 302, the Oklahoma Insurance Commissioner must be at least how old?
25
36 O.S. 302 requires the Commissioner to be at least 25 years of age, an Oklahoma resident for at least five years, and to have five years of insurance industry experience.
2. If a producer violates the Oklahoma insurance code, the Commissioner generally may:
Impose fines in addition to license action
36 O.S. 1435.13 lets the Commissioner censure, suspend, revoke or refuse a license and, in addition or instead, impose a civil fine of up to $1,000 per occurrence after opportunity for hearing.
3. Under 36 O.S. 1435.6, a resident individual applying for an Oklahoma producer license must generally:
Pass a written examination unless exempt
36 O.S. 1435.6(A) requires a resident individual applicant to pass a written examination on the lines applied for, producer duties and Oklahoma insurance law, unless exempt under 1435.10.
4. Before an insurer may transact insurance business in Oklahoma, it generally must obtain from the Commissioner a:
Certificate of authority
36 O.S. 606(A) bars an insurer from transacting insurance in Oklahoma except under a subsisting authority (certificate of authority) granted by the Insurance Commissioner.
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Practice: Insurance Regulation
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
