Free Oregon Claims Adjuster Practice Exam Online

Correct answer: C. $50,000

Correct. Oregon's public adjuster rules (effective August 2025) require a $50,000 surety bond as a condition of licensure.

• A: Incorrect. $10,000 is below Oregon's required minimum bond for public adjusters.
• B: Incorrect. $20,000 is the public adjuster bond amount required in some other states (such as Colorado), not Oregon.
• D: Incorrect. $25,000 is not the figure set by Oregon's public adjuster rules.

Correct answer: A. A person may not engage in business as an adjuster unless licensed, subject to specific statutory exemptions

Correct. ORS 744.505 states that a person may not engage in business as an adjuster unless licensed under ORS 744.521, subject to the exemptions listed in ORS 744.515.

• B: Incorrect. ORS 744.505 contains no dollar threshold; the licensing requirement applies regardless of claim size.
• C: Incorrect. Independent and company adjusters are also subject to the licensing requirement in Oregon; public adjusters are not the only category covered.
• D: Incorrect. The statute governs both resident and nonresident adjusters operating in Oregon, not residents only.

Correct answer: B. It created a separate public adjuster license class, distinct from the independent adjuster license

Correct. Effective August 18, 2025, Oregon's Division of Financial Regulation implemented adjuster rules (OAR 836-071-1100 to 836-071-1195) establishing a public adjuster license class separate from the independent adjuster license.

• A: Incorrect. Oregon did not eliminate the public adjuster category; it formalized and separated it into its own license class with its own rules.
• C: Incorrect. Public adjuster licensure remains mandatory for persons acting as public adjusters; it was not made optional.
• D: Incorrect. Oregon's public adjuster rules do not require supervision by an independent adjuster; public adjusters are licensed and regulated as their own category.

Correct answer: D. No; Oregon rules make the two license types mutually exclusive

Correct. Under Oregon's adjuster rules, a licensee cannot simultaneously hold both an independent adjuster license and a public adjuster license because the two roles represent opposing interests (the insurer versus the insured).

• A: Incorrect. Disclosure does not cure the conflict; Oregon does not permit concurrent holding of both license types regardless of disclosure.
• B: Incorrect. Paying both fees does not create an exception; the license types are structurally mutually exclusive.
• C: Incorrect. There is no time-limited grace period allowing dual licensure; the exclusivity applies at all times.

Correct answer: A. A public adjuster license in good standing in the applicant's home (domicile) state

Correct. Under Oregon's nonresident public adjuster rules, an applicant must already hold a public adjuster license in their domicile state before Oregon will issue a nonresident license.

• B: Incorrect. Oregon does not require nonresident public adjuster applicants to maintain an Oregon business address.
• C: Incorrect. Public adjusters represent policyholders, not insurers, so insurer sponsorship is not applicable to public adjuster licensure.
• D: Incorrect. Continuing education is a renewal obligation, not a prerequisite tied to nonresident initial licensure under this rule.