Free Oregon Life Exam Practice Test
Series 12-01 — The Oregon Life producer exam is given by PSI (exam 12-01) and covers general insurance concepts, life policies, and Oregon insurance law and regulation.
100
Scored items (approx.)
120 min
Time limit
70%
Passing score
850
Practice questions
Topics covered on the Life exam
Insurance Regulation
170 practice questions · Regulatory body, Commissioner, Insurance code, Producer definition, …
General Insurance Concepts
78 practice questions · Pure risk, Peril, Hazard, Law of large numbers, …
Life Insurance Basics
150 practice questions · Insurable interest, Primary beneficiary, Contingent beneficiary, Revocable beneficiary, …
Types of Life Insurance Policies
118 practice questions · Term insurance, Whole life, Decreasing term, Universal life, …
Life Policy Provisions Options and Riders
158 practice questions · Grace period, Incontestability, Reinstatement, Suicide clause, …
Annuities
97 practice questions · Annuity purpose, Accumulation phase, Fixed annuity, Variable annuity, …
Federal Tax Considerations
79 practice questions · Death benefit taxation, Cash value growth, Annuity taxation, Premium deductibility, …
Practice Test: Life
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.
