Free Insurance Regulation Practice Questions
Oklahoma Property exam — 276 practice questions.
Subtopics: 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, Lines of authority, 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, Insurance fraud, Federal insurance crimes, Insurance Commissioner, Insurer types, Premium tax, Rate regulation, Credit information, Privacy, Electronic delivery, Guaranty association, Surplus lines, CE requirements, Fair Credit Reporting Act, Fraud and false statements, Gramm-Leach-Bliley, Terrorism Risk Insurance Act, Motor Carrier Act, Do Not Call, McCarran-Ferguson Act, Flood Disaster Protection Act, Biggert-Waters Reform Act, Federal Insurance Office, FAIR Plan origins, Coastal Barrier Resources Act, McCarran-Ferguson antitrust, Gramm-Leach-Bliley opt-out, Gramm-Leach-Bliley notice, FCRA investigative report, FCRA free report, TRIA certification, TRIA federal share, TRIA program trigger, TRIA insurer deductible, TRIA lines covered, TRIA disclosure, 18 USC 1033 penalty, Nonadmitted and Reinsurance Reform Act, Surplus lines diligent search, Exempt commercial purchaser, Guaranty association - surplus lines, Guaranty association purpose, Boycott, coercion, intimidation, Unfair claims practices, Commingling premiums, Mandatory flood purchase amount, Force-placed flood, Private flood acceptance, HFIAA surcharge, Risk retention groups, Privacy model - adverse underwriting, Do Not Call existing relationship
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Sample questions & answers
1. Under Oklahoma law, an insurer appointing a producer must file the notice of appointment within how many days after the agent contract is executed or the first application is submitted?
15 days
36 O.S. 1435.15(B) requires the appointing insurer (or its authorized representative) to file the notice of appointment within 15 days of the agent contract or first application.
2. In Oklahoma, when must a licensed insurance producer be appointed by an insurer?
Before acting as an agent of that insurer
36 O.S. 1435.15(A) bars a producer from acting as an insurer's agent unless appointed by it; a producer not acting as an insurer's agent need not be appointed.
3. After receiving a notice of appointment, the Oklahoma Insurance Commissioner must confirm the producer's eligibility within a reasonable time not to exceed:
30 days
36 O.S. 1435.15(C) gives the Commissioner up to 30 days to verify eligibility and 5 days to notify the insurer if the producer is ineligible.
4. Who pays the appointment fee when an Oklahoma producer is appointed by an insurer?
The insurer or its authorized representative
Under 36 O.S. 1435.15(D), the insurer or its authorized representative pays the appointment fee for each producer it appoints.
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.
