Free Insurance Regulation Practice Questions
Oregon Personal Lines exam (series 12-14) — 161 practice questions.
Subtopics: Tort with PIP, Minimum auto limits, Mandatory PIP, UM requirement, Comparative negligence, Guaranty association, Financial responsibility, Proof of insurance, Cancellation notice, License line, Unfair claims practices, Premium tax, Residual market, Insurance fraud, Continuing education, Nonrenewal notice, Producer definition, Solicit definition, License required, Minimum age, Prelicensing hours, Certificate validity, CPCU waiver, Passing score, Exam requirement, Testing vendor contract, Business entity license, Classes of license, Title license residency, Nonresident license, Service of process, Relocating producer, Moving out of state, Assumed business name, Change of address, Record retention, Entity affiliation notice, License expiration, CE ethics hours, Flood CE, Lapsed license reinstatement, Military renewal waiver, Temporary license period, Temporary license uses, Temporary license sponsor, Grounds for discipline, Discipline options, Reporting actions, Criminal prosecution report, Appointment, Number of insurers, Agent of insurer, Termination for cause report, Copy to producer, Producer comments, Notice of termination, Termination without notice, Producer-initiated termination, Unlicensed commissions, Renewal commissions, Producer compensation, Personal lines service fees, Commercial service fees, Incidental charges, Incidental charge notice, Fee disclosure, Premium trust account, Permitted commingling, Trust account location, Trust account interest, Insurance consultant, Consultant exemptions, Consultant E&O, Adjuster P&C class, Regulator, Cease and desist hearing, Cease and desist timing, Restitution, Criminal referrals, Director inquiries, Civil penalty producer, Civil penalty insurer, Profit penalty, Criminal penalty, Rebating, Promotional items, Inducements in policy, Misrepresentation, Financial condition, Application misstatements, False advertising, Free competition, Unfair discrimination, Domestic violence, Age 65 discrimination, Undefined unfair practices, Controlled business, Controlled business limit, Annual privacy notice, Authorization duration, Authorization revocation, Unfair claim practices, Lowball offers, Claim acknowledgment, Director inquiry on claim, Claim investigation, Accept or deny, Delay letters, Limitations warning, Denial in writing, Overbroad releases, Rate standards, Excessive rate test, Purpose of rate law, Policy form approval, Form review period, Form disapproval, Certificate of authority, 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. Oregon's personal auto insurance system is best described as:
A fault-based system that also requires PIP
Oregon keeps tort liability for auto accidents but requires PIP benefits in every private passenger auto liability policy; a tort claim does not relieve the insurer of paying PIP (ORS 742.520).
2. Oregon's minimum auto liability limits for financial responsibility are:
25/50/20
ORS 806.070 requires $25,000 per person and $50,000 per accident for bodily injury, and $20,000 for property damage (25/50/20).
3. In addition to liability coverage, Oregon law generally requires personal auto policies to include:
Personal injury protection (PIP) benefits
Oregon requires personal auto policies to provide PIP benefits, which pay an injured insured's medical and certain other expenses regardless of fault.
4. On Oregon auto policies, uninsured motorist (UM) coverage is generally:
Required at BI limits unless lower limits are elected
ORS 742.502 requires UM (including underinsured coverage) in every auto liability policy at limits equal to the BI limits, unless the named insured elects lower limits in writing, never below 25/50.
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.
