Free Oklahoma Property and Casualty Practice Exam Online

Correct answer: C. Misrepresenting pertinent facts or policy provisions relating to coverage at issue

Correct. 36 O.S. § 1250.5 identifies misrepresenting pertinent facts or insurance policy provisions relating to the coverages at issue as an act constituting an unfair claims settlement practice.

• A: Requesting reasonable, relevant documentation to verify a claim is a legitimate claims-handling step, not a violation.
• B: Prompt acknowledgment and response is required good-claims-handling conduct, not a violation.
• D: Timely full payment of a valid claim is proper conduct, not an unfair practice.

Correct answer: A. Property and Casualty line of authority

Correct. The full Property and Casualty line of authority listed by the Oklahoma Insurance Department covers both personal and commercial property and casualty products, unlike the narrower Personal Lines Only class.

• B: Personal Lines Only is a scope-limited license restricted to individual auto and homeowners business; it does not authorize commercial P&C sales.
• C: Surplus lines authority is a separate, additional line for placing business with nonadmitted insurers and does not by itself authorize standard admitted P&C sales.
• D: Life authority covers life insurance and annuities, not property and casualty products.

Correct answer: B. 24 total hours, with 3 hours of ethics

Correct. Oklahoma resident producers must complete 24 hours of continuing education every two years, including 3 hours of ethics and 2 hours of legislative update, per the Oklahoma Insurance Department's published CE requirements.

• A: 16 total hours understates the Oklahoma requirement, and 1 hour of ethics is short of the actual 3-hour minimum.
• C: 20 hours with 5 hours of ethics overstates the ethics component and understates the total.
• D: Oklahoma does require an ethics component; a license cannot renew without it.

Correct answer: C. The last day of the licensee's birth month, on a two-year cycle

Correct. Oklahoma producer licenses are issued for a biennial term and expire on the last day of the licensee's birth month.

• A: Expiration is tied to the birth month cycle, not simply two years from the issuance date.
• B: The license must be actively renewed on its biennial cycle or it lapses.
• D: Oklahoma does not use a single fixed calendar expiration date for all producers; expiration is tied to the licensee's birth month.

Correct answer: D. Up to 6 hours may be carried over to the next renewal period

Correct. Oklahoma allows up to 6 hours of excess continuing education credit to be carried over to the next biennial renewal period or applied to bring a lapsed license into compliance.

• A: Carryover hours retain their original course category; they do not automatically convert to ethics credit.
• B: Oklahoma permits a limited carryover of excess CE hours rather than forfeiting them outright.
• C: Oklahoma caps carryover at 6 hours; it is not unlimited.