Free Homeowners Policy Concepts Practice Questions
Oklahoma Property exam — 143 practice questions.
Subtopics: First-claim protection, Homeowners renewal notice, Insured cancellation refund, Automatic coverage increase, Lender coverage limits, Wind mitigation discount, Roof claim deadline, Eligibility, HO-3 special, HO-4 renters, HO-6 condo, HO-8 modified, Coverage C limit, Coverage B limit, Loss of use, Coverage E liability, Coverage F medical payments, Replacement cost requirement, Special limits, Standard mortgage clause, Vacant vs unoccupied, Open vs named perils, Loss assessment, Debris removal, Trees and shrubs, Ordinance or law, Appraisal condition, Business pursuits, Home day care, Personal injury, Watercraft endorsement, Fungi limitation, Permitted incidental occupancies, Identity fraud, Earthquake endorsement, Scheduled personal property, Water and sewer backup, HO-2 broad form, HO-5 comprehensive form, Coverage A dwelling, Section I vs Section II, Medical payments exclusions, Credit card and forgery coverage, Collapse additional coverage, Glass or safety glazing, Landlords furnishings, Fire department service charge, Reasonable repairs, Property removed coverage, Damage to property of others, Money special limit, Volcanic eruption, Firearms theft limit, Business property on-premises limit, Personal property replacement cost, Grave markers, Refrigerated food spoilage, Concealment or fraud condition, Intentional loss exclusion, Neglect exclusion, Power failure exclusion, Nuclear hazard exclusion, Motor vehicle liability exclusion, Aircraft liability exclusion, Severability of insurance, Loss payment condition, Our option to repair or replace, Definition of insured, Full-time student, Residence premises, HO civil authority, HO-4 Coverage C, HO-4 additions and alterations, HO-6 Coverage A, HO-3 Coverage C perils, Theft from dwelling under construction, Theft - rented to others, Watercraft property limit, Securities limit, Jewelry theft limit, Silverware theft limit, Business property off premises, Property not covered, Coverage C worldwide, Personal property at other residence, Debris removal additional amount, Tree removal, Trees perils, Loss assessment limit, Ordinance or law limit, Grave markers limit, Landlord furnishings limit, Property removed duration, Replacement cost holdback, HO underinsured RC calc, Loss settlement - contents, Medical payments time limit, Section II additional - claim expenses, First aid expenses, Watercraft liability exclusion, Business exclusion, Coverage E exclusion - insured injury, Rented property liability, Expected or intended, Section II other insurance, Section I other insurance, HO cancellation - new policy, HO nonrenewal notice, Death of named insured, Mold exclusion HO-3, Animals owned exclusion, Vacancy - vandalism HO, Inflation guard HO, Additional living expense example, Section II, HO-5 vs HO-3, HO-5 special limits, HO-8 loss settlement, HO-8 theft, HO-8 perils, Water backup, Identity fraud expense
Read the Homeowners Policy Concepts study guide
Sample questions & answers
1. An Oklahoma homeowners policy has been in force for a year, and the insured files a first claim. Solely because of that first claim, the insurer may NOT:
Cancel, nonrenew, or raise the premium
36 O.S. 3639.1(A) bars canceling, nonrenewing or increasing the premium of personal residential coverage in effect more than 45 days solely because the insured filed a first claim.
2. Oklahoma's first-claim protection for homeowners policies applies once the policy has been in effect for more than:
45 days
36 O.S. 3639.1(A) protects homeowners and other personal residential policies that have been in effect more than 45 days.
3. Which reason may still support canceling an Oklahoma homeowners policy even after a first claim was filed?
Nonpayment of premium
36 O.S. 3639.1(A) preserves cancellation, nonrenewal or increase for reasons such as nonpayment, fraud, increased hazard, code violations and certain convictions.
4. An Oklahoma insurer plans to raise the premium and deductible on a homeowners policy at renewal. It must send a written renewal notice showing the changes at least:
30 days before expiration
36 O.S. 3639.1(B) requires a written renewal notice with the new premium, deductible, limits or coverage at least 30 days before expiration.
Practice: Homeowners Policy Concepts
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.
