Oklahoma Property & Casualty Insurance Exam

Welcome to the Oklahoma Property & Casualty Insurance Exam study guide. This comprehensive resource covers Oklahoma-specific insurance laws, regulations, and practices required for your state licensing exam.

About Oklahoma's P&C License

Oklahoma requires insurance producers to pass both Property and Casualty examinations to sell property and casualty insurance products in the state. The license is regulated by the Oklahoma Insurance Department (OID), which oversees all insurance activities in Oklahoma.

What This Exam Covers

This guide focuses exclusively on Oklahoma state law and regulations:

• Oklahoma Insurance Department structure and authority
• State licensing requirements and procedures
• Oklahoma auto insurance laws and minimum coverage requirements
• Workers' compensation regulations specific to Oklahoma
• State property insurance requirements
• Oklahoma-specific policy provisions and endorsements
• Ethics and professional conduct under Oklahoma law

Important: This study guide covers ONLY Oklahoma state-specific content. You must also study national Property & Casualty insurance concepts (policy types, coverages, underwriting, claims) from other resources or courses.

Exam Structure

Property Exam

Casualty Exam

Combined Option

• Cost: $69 (saves $29 vs. taking separately)
• Requirement: Must pass BOTH sections at 70%+
• Note: Scores are NOT averaged—you must achieve 70% on each section independently

Pre-License Requirements

Education

Oklahoma has NO mandatory pre-license education requirement for Property & Casualty insurance:

• No required classroom hours
• No mandated online courses
• No approved education providers needed

However, successful candidates typically:

• Study 40-60 hours of exam content
• Take multiple practice exams
• Review Oklahoma insurance laws thoroughly
• Study national P&C insurance concepts

Background Check

Oklahoma requires:

• Fingerprinting for background check
• Criminal history review
• Disclosure of any felony convictions
• Certain criminal convictions may disqualify applicants

License Application Process

After passing both exams:

1. Submit Application: Apply through NIPR (National Insurance Producer Registry)
2. Pay License Fee: $100 application fee
3. Background Check: Complete fingerprinting ($39.25 fee)
4. Processing Time: 2-4 weeks typically
5. License Issued: Valid for 2 years

Continuing Education

To maintain your Oklahoma P&C license:

Exam Content Distribution

Property Exam Topics

• Oklahoma property insurance regulations
• Homeowners and dwelling policies
• Commercial property coverage
• Inland marine insurance
• Oklahoma FAIR Plan and special programs
• State-specific policy requirements

Casualty Exam Topics

• Oklahoma auto insurance laws
• Minimum liability coverage requirements
• Workers' compensation regulations
• Commercial liability insurance
• Personal umbrella policies
• State claims handling requirements

Study Recommendations

Timeline

6-8 Weeks Before Exam:

• Begin studying Oklahoma insurance law
• Review national P&C concepts
• Take diagnostic practice tests

4 Weeks Before Exam:

• Focus on weak areas identified
• Complete practice quizzes daily
• Memorize key Oklahoma requirements

2 Weeks Before Exam:

• Take full-length practice exams
• Review Oklahoma-specific regulations
• Memorize minimum auto coverage limits

1 Week Before Exam:

• Final review of key topics
• Focus on Oklahoma laws and rules
• Get adequate rest

Key Areas to Master

✓ Oklahoma Insurance Department structure and authority ✓ Producer licensing requirements and continuing education ✓ Oklahoma minimum auto insurance requirements (25/50/25) ✓ Workers' compensation coverage and exemptions ✓ Prohibited practices (rebating, misrepresentation, etc.) ✓ Policy cancellation and non-renewal procedures ✓ Claims handling time frames and requirements ✓ Ethics and professional standards

Test-Taking Tips

Before the Exam

1. Arrive 30 minutes early at the test center
2. Bring valid government-issued photo ID
3. No materials allowed in testing room
4. Secure personal belongings in locker
5. Review key facts in parking lot (not in test center)

During the Exam

1. Read carefully: Every word matters
2. Watch for negatives: "NOT", "EXCEPT", "LEAST"
3. Eliminate wrong answers: Narrow choices
4. Flag difficult questions: Return later
5. Manage time: ~1.5 minutes per question
6. Don't overthink: Trust your preparation

After the Exam

• Results provided immediately at test center
• Passing: Receive score report for license application
• Failing: Wait 24 hours before retaking (full fee required)
• No limit on retake attempts

How to Use This Study Guide

Each chapter includes:

📚 Content Sections: Detailed explanations of Oklahoma insurance law 📊 Visual Aids: Tables, diagrams, and charts 🎯 Key Takeaways: Summary bullets for review 📝 Practice Questions: Quiz questions with explanations 💡 Exam Tips: Test-taking strategies and memorization aids

Work through each chapter systematically, complete all practice questions, and review key takeaways until you can recall them confidently.

Oklahoma Insurance Department Resources

• Website: www.oid.ok.gov
• Consumer Hotline: (405) 521-2828 or (800) 522-0071
• Licensing Division: (405) 521-2828
• Address: 3814 N. Santa Fe Ave., Suite 100, Oklahoma City, OK 73118

Ready to Begin?

This guide is organized into four main chapters:

1. Chapter 1: Oklahoma P&C Insurance Regulation & Licensing
2. Chapter 2: Oklahoma Property Insurance
3. Chapter 3: Oklahoma Casualty & Auto Insurance
4. Chapter 4: Ethics & Professional Conduct

Start with Chapter 1 and work through systematically. Good luck with your exam preparation!

Disclaimer: This study guide is for educational purposes only and does not guarantee exam success. Always verify current regulations with the Oklahoma Insurance Department, as laws and requirements may change.