Oklahoma Property & Casualty Insurance License Exam Overview
The Oklahoma Property & Casualty Insurance License Exam is administered by PSI on behalf of the Oklahoma Insurance Department (OID). Oklahoma sits in the heart of Tornado Alley, creating some of the most challenging property insurance needs in the nation and exceptional opportunities for knowledgeable P&C agents.
Passing this exam qualifies you to sell property insurance, auto insurance, liability coverage, and related products throughout Oklahoma—a state with over 4 million residents, significant severe weather exposure, and growing energy sector that creates specialized P&C insurance demand.
Exam Format at a Glance
| Component | Details |
|---|---|
| Total Questions | 150 multiple-choice |
| Scored Questions | 150 |
| Time Limit | 2 hours |
| Passing Score | 70% (105 correct answers) |
| Testing Vendor | PSI |
| Exam Fee | $41-$45 |
| Pre-licensing Education | Not required (recommended) |
Why Get P&C Licensed in Oklahoma?
- Tornado Alley location — High demand for property coverage expertise
- Energy sector hub — Oil and gas industry creates commercial needs
- Affordable market — Lower cost of living attracts new residents
- Growing metro areas — Oklahoma City and Tulsa expanding
- Strong agent demand — Severe weather drives insurance needs
Start Your FREE Oklahoma P&C Exam Prep
Ready to begin studying? Our comprehensive, completely free Oklahoma P&C exam prep covers everything you need to pass.
Key Topics Covered on the Exam
1. Property Insurance (30%)
Homeowners Insurance:
- HO-2, HO-3, HO-4, HO-5, HO-6, HO-8 policy forms
- Coverage A (Dwelling), B (Other Structures), C (Personal Property)
- Coverage D (Loss of Use), E (Personal Liability)
- Dwelling fire policies
Oklahoma-Specific Property Topics:
- Oklahoma FAIR Plan (residual market)
- Tornado and windstorm coverage (critical in OK)
- Hail damage coverage (frequent claims)
- Earthquake coverage (induced seismicity)
- Flood insurance considerations
Commercial Property:
- Building and personal property coverage forms
- Business income coverage
- Equipment breakdown
- Oil and gas industry property coverage
2. Liability Insurance (30%)
Personal Liability:
- Homeowners liability (Coverage E)
- Personal umbrella policies
- Medical payments coverage
Commercial Liability:
- Commercial General Liability (CGL)
- Products and completed operations
- Professional liability (E&O)
- Environmental liability (energy sector)
Oklahoma Workers' Compensation:
- Required for most employers
- CompSource Oklahoma (largest carrier)
- Competitive state (private market)
- Self-insurance options available
3. Auto Insurance (25%)
Oklahoma Auto Insurance Requirements:
| Coverage | Minimum Limit |
|---|---|
| Bodily Injury (per person) | $25,000 |
| Bodily Injury (per accident) | $50,000 |
| Property Damage | $25,000 |
Additional Auto Topics:
- Personal Auto Policy (PAP) coverage parts
- Oklahoma Compulsory Insurance Law
- Uninsured motorist coverage (required)
- Underinsured motorist coverage
- SR-22 requirements
- Commercial auto insurance
4. Oklahoma Insurance Code and Regulations (10%)
Title 36 O.S. Key Provisions:
- Producer licensing requirements
- Unfair trade practices
- Unfair claims settlement practices
- Policy cancellation and nonrenewal rules
- Advertising guidelines
Licensing Requirements:
- Pre-licensing education: 40 hours required
- Continuing education: 24 hours every 2 years
- Ethics requirement: 3 hours included in CE
- Background check required
5. Ethics and Professional Conduct (5%)
- Fiduciary duties to insureds
- Premium handling requirements
- Claims reporting obligations
- Privacy and confidentiality
Study Timeline for Success
| Week | Focus Area | Hours |
|---|---|---|
| Week 1-2 | Property insurance fundamentals | 10-12 |
| Week 2-3 | Liability insurance | 10-12 |
| Week 3-4 | Auto insurance and OK requirements | 10-12 |
| Week 4-5 | Oklahoma regulations (Title 36) | 8-10 |
| Week 5-6 | Practice exams and review | 10-12 |
Total recommended study time: 50-60 hours
Free Practice Questions Available
Test your knowledge with hundreds of free practice questions designed specifically for the Oklahoma P&C exam.
Oklahoma-Specific Exam Tips
1. Know Oklahoma Auto Minimums
Oklahoma requires 25/50/25 liability coverage:
- $25,000 per person bodily injury
- $50,000 per accident bodily injury
- $25,000 property damage
2. Master Tornado and Windstorm Coverage
Oklahoma is in the heart of Tornado Alley:
- EF-scale ratings — Understand tornado intensity classifications
- Wind deductibles — Separate deductibles common in OK
- Storm shelter credits — Discounts for safe rooms
- Debris removal coverage — Critical after severe storms
3. Understand Earthquake Coverage
Oklahoma's induced seismicity concerns:
- Not covered by standard homeowners policies
- Separate earthquake endorsement required
- Increased demand due to seismic activity
- Deductible typically percentage-based
4. Key Numbers to Remember
| Topic | Oklahoma Requirement |
|---|---|
| Auto minimums | 25/50/25 |
| WC threshold | Most employers |
| Pre-licensing | 40 hours |
| CE requirement | 24 hours/2 years |
| Passing score | 70% |
Common Mistakes to Avoid
- Not knowing auto minimums — Oklahoma is 25/50/25
- Underestimating tornado coverage — Primary OK property risk
- Ignoring earthquake coverage — Growing concern in OK
- Skipping hail coverage details — Very common claims
- Not practicing timed exams — 2 hours for 150 questions
- Cramming last minute — Spread study over 5-6 weeks
After Passing Your Exam
- Apply for license through Oklahoma Insurance Department
- Complete background check — Required for all applicants
- Pay license fee — $50 for resident license
- Affiliate with insurer — Get appointed by carrier
- Maintain CE compliance — 24 hours every 2 years
- Begin selling — Your license is valid for 2 years
2026 Oklahoma Updates
For 2026, be aware of:
- Tornado and windstorm coverage rate changes
- Earthquake coverage updates
- Auto insurance rate adjustments
- Enhanced consumer protection regulations
Start Your Oklahoma P&C Insurance Career Today
The Oklahoma P&C license opens doors to one of the nation's most dynamic insurance markets. With proper preparation, you can pass the exam on your first attempt.
Our free study materials include:
- Complete topic coverage
- Practice questions with explanations
- Oklahoma-specific regulations (Title 36 O.S.)
- Study guides and summaries
- AI-powered study assistance
Don't pay for expensive prep courses when everything you need is available FREE.