Free Personal Automobile Policy Practice Questions
Oklahoma Property & Casualty exam — 105 practice questions.
Subtopics: Auto cancellation, Minimum auto limits, Split limits, Underinsured motorist, Non-owned auto, Towing and labor, Temporary substitute, Supplementary payments, Trailers, Glass damage, Custom equipment, Vandalism, Bodily injury definition, Each person limit, Cancellation nonpayment, Binders, Named driver exclusion, Financial responsibility, Compulsory insurance, Proof of insurance, Security verification form, Out-of-state limits, Auto underwriting limits, Traffic charges, Accident prevention discount, Auto assigned risk plan, Policy expiration time, Uninsured motorist, Auto total loss, Auto claim settlement, Policy structure, Physical damage, Definition of insured, Optional coverages, Exclusions, Liability coverage, Medical payments, Collision coverage, Other than collision, Transportation expenses, Newly acquired autos, Definitions, Liability exclusions, Uninsured motorists, Physical damage exclusions, Duties after loss, Policy territory, Termination, Residual market
Read the Personal Automobile Policy study guide
Sample questions & answers
1. Under the termination condition of the ISO personal auto policy, once the policy has been in effect 60 days (or is a renewal), the insurer may cancel midterm only for:
Nonpayment, license suspension or misrepresentation
The ISO PP 00 01 termination provision limits insurer cancellation after 60 days or on a renewal to nonpayment of premium, suspension or revocation of a driver's license, or material misrepresentation.
2. Oklahoma's compulsory insurance law generally requires the owner of a registered motor vehicle to maintain at least:
Liability limits of 25/50/25
47 O.S. 7-601 requires owners to maintain liability security, and 47 O.S. 7-324 sets the minimum limits at $25,000 per person, $50,000 per accident for bodily injury and $25,000 for property damage.
3. In a 25/50/25 split-limit auto policy, the third number (25) represents the maximum the insurer will pay for:
Property damage liability per accident
The third number of a split limit is the property damage liability limit per accident; under ISO PP 00 01 that limit is the most paid for all property damage from one auto accident.
4. Underinsured motorist coverage is designed to protect the insured when the at-fault driver:
Has liability limits too low for the injuries
Underinsured coverage applies when the at-fault driver has some liability insurance but not enough; Oklahoma's UM law treats a vehicle with limits below the claim as uninsured (36 O.S. 3636(C)).
All Property & Casualty topics
Practice: Personal Automobile Policy
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.
