Free Insurance Regulation Practice Questions
Oklahoma Personal Lines exam — 282 practice questions.
Subtopics: Workers compensation, Guaranty association, Insurance Commissioner, Lines of authority, Unfair claims practices, Rate standards, Insurance fraud, Appointment filing, Appointment required, Appointment verification, Appointment fee, Producer discrimination, Termination notice, Termination comments, Reporting immunity, Change of address, Change of residence, Moving to Oklahoma, Qualifications, Business entity license, Exam results, Retaking exam, Exam exemptions, Temporary license, License term, CE hours, CE ethics, CE designation credit, CE membership credit, Nonresident CE, CE title producers, Reinstatement, Renewal waiver, Definitions, Customer service reps, Insurance consultants, Managing general agents, Unlicensed solicitation, Producer agency, Surplus lines broker, License required, Surplus lines license, License exemptions, Assumed names, Nonresident license, Reporting actions, Disciplinary grounds, Civil fines, Hearing rights, Books and records, Enforcement authority, Business entity discipline, Unlawful acts, Commissions, Controlled business, Fiduciary duty, Premium remittance, Return premiums, Unearned premium, Commingling, Misappropriation, Premium accounting, Prohibited persons, Cease and desist, Business of insurance, Limited lines, Surplus lines bond, Exam administration, License vs. appointment, Workers comp producers, Claim inquiries, Cancellation definitions, Premium refund provision, Proof of loss, Claims practices, Department inquiries, Twisting, Defamation, Boycott and coercion, Rebating, Inducements, Lender coercion, False advertising, False applications, Deceptive solicitation, Unfair discrimination, False financial statements, Premium notes, Unfair practices enforcement, Federal insurance crimes, Insurer types, Premium tax, Rate regulation, Credit information, Privacy, Electronic delivery, Surplus lines, CE requirements, Fair Credit Reporting Act, Gramm-Leach-Bliley, Fraud and false statements, Do Not Call, Terrorism Risk Insurance Act, McCarran-Ferguson Act, Anti-money laundering, CAN-SPAM Act, FCRA reporting periods, FCRA adverse action, FCRA permissible purpose, FCRA disputes, Claims history databases, GLBA opt-out, GLBA privacy notice, GLBA enforcement, Prohibited persons (1033), Prohibited persons (1034), Telemarketing calling hours, Do-Not-Call exceptions, Do-Not-Call registry, History of regulation, Risk retention groups, Purchasing groups, Mandatory flood purchase, NFIP origin, Federal Insurance Office, NAIC role, Personal lines authority, Nonresident licensing, Misrepresentation and advertising, Fraud warning, Guaranty associations
Read the Insurance Regulation study guide
Sample questions & answers
1. An employer in Oklahoma that needs workers' compensation coverage generally may:
Buy it from an insurer or qualify to self-insure
85A O.S. 38(A) lets employers secure compensation through an authorized insurer or by qualifying as a self-insurer, among other approved methods.
2. If an Oklahoma property and casualty insurer becomes insolvent, certain unpaid claims may be covered by the:
Oklahoma P&C Insurance Guaranty Association
36 O.S. 2002 creates a mechanism through the Oklahoma Property and Casualty Insurance Guaranty Association to pay covered claims of insolvent insurers.
3. The Oklahoma Insurance Commissioner, who enforces the state's insurance laws, holds office by:
Statewide election
The Oklahoma Insurance Department's official biography notes the Commissioner was elected to the statewide position; 36 O.S. 307 charges the Commissioner with enforcing the Insurance Code.
4. To sell personal auto and homeowners insurance to Oklahoma families, a producer needs which line of authority (or both property and casualty)?
Personal lines
36 O.S. 1435.8(A)(6) defines personal lines as property and casualty coverage sold to individuals and families for primarily noncommercial purposes.
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.
