Oklahoma Insurance Adjuster Practice Test

Answer choices

1. A. $25,000/$50,000/$25,000 (25/50/25).
2. B. $15,000/$30,000/$10,000, the minimum used for all private-passenger policies nationwide.
3. C. $50,000/$100,000/$50,000.
4. D. $25,000/$25,000/$50,000, because property damage must equal the aggregate bodily-injury limit.

Wrong-answer review

• B. $15,000/$30,000/$10,000, the minimum used for all private-passenger policies nationwide.: Oklahoma’s minimum auto liability limits are 25/50/25, not 15/30/10.
• C. $50,000/$100,000/$50,000.: Those figures exceed Oklahoma’s stated 25/50/25 minimum liability limits.
• D. $25,000/$25,000/$50,000, because property damage must equal the aggregate bodily-injury limit.: Oklahoma’s minimum bodily-injury limits are 25/50, with $25,000 property damage; property damage does not equal the bodily-injury aggregate.

Answer choices

1. A. Premises medical payments because any post-sale injury is classified as a premises exposure.
2. B. Garagekeepers because the product left the insured’s custody before the loss occurred.
3. C. Products-completed operations exposure, subject to the CGL policy’s insuring agreement and exclusions.
4. D. Surety performance coverage because completed operations are guaranteed by a commercial bond.

Answer choices

1. A. Licensees cannot repeat a course within a 24-month calendar period for CE credit.
2. B. Repeated courses are required every six months to remain CE compliant.
3. C. Only ethics courses may be repeated; general courses can never be repeated in any future cycle.
4. D. All courses may be repeated immediately if the provider uses a different course title.

Answer choices

1. A. Nothing; a negligence judgment automatically binds every insurer to pay the full judgment regardless of policy language.
2. B. Only the deductible, because liability and coverage become identical once judgment is entered.
3. C. Whether the insurance policy covers the occurrence, damages, insured, and circumstances under its terms and exclusions.
4. D. Only the claimant’s preference for payment, because exclusions cannot apply after a liability finding.

Answer choices

1. A. The deductible is automatically waived because the policyholder already bears a coinsurance penalty.
2. B. A coinsurance penalty may reduce the covered payment under the policy formula.
3. C. The loss becomes entirely uncovered because any coinsurance deficiency voids the policy.
4. D. The insurer must pay replacement cost in full because coinsurance applies only to total losses.

Answer choices

1. A. UM/UIM is mandatory and cannot be rejected under any Oklahoma auto policy.
2. B. The insurer may omit any offer of UM/UIM whenever liability limits are only 25/50/25.
3. C. A verbal rejection is always sufficient because written rejection is prohibited for UM/UIM.
4. D. The insurer must offer UM coverage, and the insured must sign a rejection if the insured does not wish to purchase it.

Answer choices

1. A. The adjuster should not perform licensable work outside the authority granted by the active license.
2. B. The adjuster may accept any assignment because an adjuster license has unlimited lines once issued.
3. C. The employer may expand the adjuster’s state authority by written internal authorization.
4. D. The adjuster may work outside the license lines for 90 days if the claim is already open.

Answer choices

1. A. As mitigation consistent with the insured’s duty to protect property from further damage, while preserving documentation of the loss.
2. B. As unauthorized repair that automatically voids the entire claim.
3. C. As an admission that the original cause of loss was excluded.
4. D. As a substitute for giving notice of the claim to the insurer.

Answer choices

1. A. Perils—causes of loss—rather than the property damage itself.
2. B. Hazards, because every cause of loss is classified as a hazard once damage occurs.
3. C. Indemnity, because the causes establish the amount necessary to restore the insured.
4. D. Insurable interest, because they create the financial relationship between the insured and property.

Answer choices

1. A. Independent adjuster only, because anyone who adjusts a claim is necessarily the insurer’s representative.
2. B. Public adjuster licensing, because the person is acting for the insured rather than for the insurer.
3. C. Producer only, because negotiating an existing claim is the same as selling a new policy.
4. D. Emergency adjuster only, because every property claim can use catastrophe authority without a declaration.