Oklahoma Insurance Adjuster Course Notes

AUTO — HIGH YIELD. Start with the declarations and issued form, then identify who is an insured, which auto is covered, what caused the loss, and whether the claim is third-party liability or first-party physical damage. For business auto, know the common symbols: 1 any, 2 owned, 7 specifically described, 8 hired, 9 nonowned. Garagekeepers is customer-auto coverage tied to the garage operation’s care/custody/control—not generic coverage for every vehicle at a garage.

• Treating every auto driven by a named insured as automatically covered.

• Sequence: insured → auto → use/permission → cause → coverage → exclusion → limit/deductible.

PROPERTY — HIGH YIELD. Match the damaged property and cause to the correct form, then apply exclusions, valuation, limits, deductibles, coinsurance, and endorsements. Keep homeowners/dwelling, NFIP flood, inland marine, earthquake, watercraft, commercial property, BOP/CPP, business income, and equipment breakdown in separate coverage buckets.

• Assuming homeowners covers flood or earthquake without separate coverage.

• Use: property → cause → coverage grant → exclusion → endorsement → valuation → deductible/limit.

CORE TERMS + MATH. Risk = possibility of loss; peril = cause of loss; hazard = condition increasing chance/severity. Know physical/moral/morale hazards, indemnity, insurable interest, proximate cause, ACV/RCV, limits, deductibles, coinsurance, and other insurance.

• Calling every cause a hazard.

• Define the term before applying it.

COMMERCIAL CASUALTY. Match the exposure first: CGL premises/operations, products-completed operations, professional liability/E&O, umbrella/excess, surety, or workers’ comp. Then analyze negligence and the actual policy.

• Using professional liability for ordinary premises hazards.

• Ask what created the claim: premises, operations, product, completed work, professional service, employee injury, or contractual promise.

OKLAHOMA CLAIM LAW. Use the issued policy with Title 36 and OID rules/notices. High-yield checkpoints include claim acknowledgment/document assistance, post-proof acceptance/denial/investigation, unfair-claims practices, mortgagee settlement documentation, electronic delivery, licensing-role distinctions, and separate guaranty/receivership rules.

• Applying every Oklahoma rule to every claim.

• If the stem says 'OID advises,' use the precise OID notice/bulletin fact.

OKLAHOMA AUTO LAW. Memorize 25/50/25 liability, understand UM/UIM offer/rejection and bodily-injury function, know assigned risk as residual-market access, and distinguish cancellation from nonrenewal before applying notice rules.

• Using another state’s minimum limits.

• Separate liability limits (25/50/25) from UM BI limits (minimum 25/50 when purchased/not rejected).

LICENSING. Passing the exam is not authority to work. The active OID license, correct license type/authority, and current status control. Know the exact CE cycle and distinguish renewal from reactivation.

• Assuming passing the test itself creates authority.

• Key words: active, issued, expired, authority, resident/nonresident, DHS, catastrophe.

CONTRACT / CLAIM DUTIES. Read the policy as a whole. Distinguish notice, mitigation/protection, documentation, cooperation, proof of loss, appraisal, subrogation, other insurance, and salvage.

• Confusing proof of loss with notice.

• Ask what function the provision serves: report, prove, protect, value, allocate, or recover.

OKLAHOMA WORKERS’ COMP. Build the claim around employment/status, injury or disease, work connection, medical causation, notice/filing, and wage/disability evidence. The adjuster investigates/administers; the Commission provides the statutory adjudicative process.

• Assuming anyone injured on business premises gets workers’ comp.

• Checklist: employment → injury/disease → work connection → medical causation → notice/file → wage/disability evidence.