Oregon Property & Casualty Insurance License Exam Overview
The Oregon Property & Casualty Insurance License Exam is administered by PSI on behalf of the Oregon Division of Financial Regulation (DFR). Oregon's diverse geography—from the Pacific Coast to the Cascade Mountains—creates unique insurance challenges including wildfire risk, earthquake exposure, and coastal flooding.
Passing this exam qualifies you to sell property insurance, auto insurance, liability coverage, and related products throughout Oregon—a state with over 4.2 million residents, significant natural disaster exposure, and progressive regulatory environment that creates specialized P&C insurance needs.
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 | $55 |
| Pre-licensing Education | 40 hours required |
Why Get P&C Licensed in Oregon?
- Growing population — Portland metro and surrounding areas expanding
- Unique risks — Wildfire, earthquake, and coastal exposure
- Tech industry growth — Silicon Forest creates commercial opportunities
- Progressive market — Strong consumer protection focus
- Competitive compensation — High demand for licensed agents
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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
Oregon-Specific Property Topics:
- Oregon FAIR Plan (residual market)
- Wildfire coverage (critical in rural and suburban areas)
- Earthquake coverage (Cascadia Subduction Zone)
- Flood insurance (coastal and river areas)
- Volcanic eruption coverage (Mt. Hood exposure)
Commercial Property:
- Building and personal property coverage forms
- Business income coverage
- Equipment breakdown
- Tech 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)
- Technology errors and omissions
Oregon Workers' Compensation:
- Required for all employers
- SAIF Corporation (state fund)
- Competitive state (private market options)
- Self-insurance available for large employers
3. Auto Insurance (25%)
Oregon Auto Insurance Requirements:
| Coverage | Minimum Limit |
|---|---|
| Bodily Injury (per person) | $25,000 |
| Bodily Injury (per accident) | $50,000 |
| Property Damage | $20,000 |
Additional Auto Topics:
- Personal Auto Policy (PAP) coverage parts
- Oregon Motor Vehicle Financial Responsibility Law
- Uninsured motorist coverage (required)
- Underinsured motorist coverage (required)
- Personal injury protection (PIP) required
- SR-22 requirements
- Commercial auto insurance
4. Oregon Insurance Code and Regulations (10%)
ORS Chapter 746 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 OR requirements | 10-12 |
| Week 4-5 | Oregon regulations (ORS 746) | 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 Oregon P&C exam.
Oregon-Specific Exam Tips
1. Know Oregon Auto Minimums
Oregon requires 25/50/20 liability coverage:
- $25,000 per person bodily injury
- $50,000 per accident bodily injury
- $20,000 property damage
Important: Oregon also requires PIP and UM/UIM coverage.
2. Master Wildfire Coverage
Oregon's growing wildfire risk:
- Defensible space — Understand mitigation requirements
- WUI zones — Wildland-Urban Interface considerations
- Evacuation coverage — Additional living expenses during evacuations
- Brush clearing credits — Discounts for fire-resistant landscaping
3. Understand Earthquake Coverage
Oregon's Cascadia Subduction Zone risk:
- Not covered by standard homeowners policies
- Separate earthquake endorsement required
- Deductible typically 10-15% of dwelling coverage
- Essential for coastal and Portland metro areas
4. Key Numbers to Remember
| Topic | Oregon Requirement |
|---|---|
| Auto minimums | 25/50/20 |
| WC threshold | All employers |
| Pre-licensing | 40 hours |
| CE requirement | 24 hours/2 years |
| Passing score | 70% |
Common Mistakes to Avoid
- Not knowing auto minimums — Oregon is 25/50/20
- Forgetting PIP requirement — Oregon requires PIP coverage
- Underestimating wildfire coverage — Critical OR exposure
- Ignoring earthquake risk — Cascadia Subduction Zone threat
- 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 Oregon Division of Financial Regulation
- 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 Oregon Updates
For 2026, be aware of:
- Wildfire coverage availability changes
- Earthquake coverage updates
- Auto insurance rate adjustments
- Enhanced consumer protection regulations
Start Your Oregon P&C Insurance Career Today
The Oregon P&C license opens doors to one of the Pacific Northwest'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
- Oregon-specific regulations (ORS Chapter 746)
- Study guides and summaries
- AI-powered study assistance
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