Key Takeaways
- Oregon requires 40 hours of pre-licensing education for combined Life & Health (20 hours per line)
- The exam is administered by PSI with a 70% passing score required
- Oregon requires fingerprinting at the PSI test site on the same day you pass the exam
- The Oregon Division of Financial Regulation (DFR) regulates insurance activities
- CLU designation holders may be exempt from pre-licensing education requirements
Oregon Life & Health Insurance Exam
Welcome to the Oregon Life & Health Insurance Exam study guide. This comprehensive resource covers Oregon-specific insurance laws, regulations, and practices required for your state licensing exam.
About Oregon's Life & Health License
Oregon requires insurance producers to pass the Life, Accident and Health examination to sell life and health insurance products in the state. The license is regulated by the Oregon Division of Financial Regulation (DFR), which oversees all insurance activities in Oregon.
What This Exam Covers
This guide focuses exclusively on Oregon state law and regulations:
- Oregon Division of Financial Regulation structure and authority
- State licensing requirements and procedures
- Oregon life insurance laws and policy requirements
- Health insurance regulations specific to Oregon
- State consumer protections and disclosures
- Oregon-specific policy provisions and endorsements
- Ethics and professional conduct under Oregon law
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Exam Structure
| Exam Detail | Requirement |
|---|---|
| Total Questions | 50-150 (varies by exam) |
| Passing Score | 70% |
| Format | Multiple choice, computer-based |
| Test Provider | PSI Exams |
Individual Exams
| License Type | Pre-License Hours |
|---|---|
| Life Insurance Only | 20 hours |
| Health Insurance Only | 20 hours |
| Life, Accident & Health Combined | 40 hours |
Pre-License Education Requirements
Oregon requires pre-licensing education before taking the exam:
| License Type | Pre-License Hours |
|---|---|
| Life Insurance Only | 20 hours |
| Health Insurance Only | 20 hours |
| Life, Accident & Health Combined | 40 hours |
Course Requirements
- Complete courses at DFR-approved education providers
- Pass each end-of-chapter quiz with 70% or higher
- Pass the final PLE exam with 70% or higher
- Certificate of completion valid for 1 year
- Online and classroom options available
Pre-License Education Exemptions
Applicants holding these designations may be eligible for exemptions:
- CLU (Chartered Life Underwriter) - Life and Health lines
- CPCU (Chartered Property Casualty Underwriter) - Property and Casualty lines
Contact the Oregon Division of Financial Regulation regarding waivers.
Exam Registration
Schedule your exam with PSI:
- Online: psiexams.com
- Phone: (855) 340-3901
- Options: Physical testing center or remote online proctored exam
Exam Day Requirements
On exam day, you must bring:
- Two valid forms of government-issued ID (driver's license, passport, military ID, etc.)
- Certificate of Completion from your pre-licensing course
- One ID must contain your name and photograph
You will NOT be able to take the exam without these items.
Fingerprinting Requirements
Oregon has unique fingerprinting requirements:
- Timing: Must be done on the same day you pass your exam
- Location: At the Oregon PSI test site where you took the exam
- Important: Fingerprints done in the past or for an employer CANNOT be used for an insurance license
- Oregon Producer Fingerprints can only be done at an Oregon PSI test site
Critical: If you do not complete fingerprinting at the PSI test site on exam day, you will need to make separate arrangements.
License Application Process
After passing the exam and completing fingerprinting:
- Submit Application: Through NIPR or state system
- Pay License Fee: Application fee required
- Background Check: Processed with your fingerprints
- Processing Time: Varies based on background check
- License Issued: Valid for 2 years
Continuing Education Requirements
To maintain your Oregon Life & Health license:
| Requirement | Details |
|---|---|
| Total Hours | 24 hours every 2 years |
| Ethics Hours | 3 hours in ethics (required) |
| Renewal Cycle | Every 2 years |
Oregon Division of Financial Regulation
The DFR (formerly Oregon Insurance Division) regulates insurance in Oregon:
Contact Information
- Phone: (503) 947-7981
- Website: dfr.oregon.gov
- Address: 350 Winter Street NE, Room 440, Salem, OR 97301
What This Study Guide Covers
This guide is organized into the following chapters:
- Chapter 1: Oregon Insurance Regulation & Licensing
- Chapter 2: Oregon Life Insurance Laws
- Chapter 3: Oregon Health Insurance Laws
- Chapter 4: Oregon Policy Provisions & Consumer Protections
Work through each chapter systematically, complete all practice questions, and review key takeaways until you can recall them confidently.
Study Recommendations
Timeline
6-8 Weeks Before Exam:
- Begin pre-licensing education course
- Study Oregon insurance law
- Review national Life & Health concepts
4 Weeks Before Exam:
- Complete pre-licensing education
- Focus on weak areas identified
- Complete practice quizzes daily
2 Weeks Before Exam:
- Take full-length practice exams
- Review Oregon-specific regulations
- Schedule your exam with PSI
1 Week Before Exam:
- Final review of key topics
- Focus on Oregon laws and rules
- Get adequate rest
Test-Taking Tips
Before the Exam
- Complete all pre-licensing education requirements
- Obtain your Certificate of Completion
- Schedule exam with PSI
- Bring two valid forms of ID and your certificate
- Arrive early at the test center
During the Exam
- Read carefully: Every word matters
- Watch for negatives: "NOT", "EXCEPT", "LEAST"
- Eliminate wrong answers: Narrow choices
- Flag difficult questions: Return later
- Manage time: Monitor your pace
- Don't overthink: Trust your preparation
After the Exam
- Results provided immediately
- If you pass: Complete fingerprinting at the PSI test site THAT DAY
- If you fail: Reschedule and pay new exam fee
Disclaimer: This study guide is for educational purposes only and does not guarantee exam success. Always verify current regulations with the Oregon Division of Financial Regulation, as laws and requirements may change.
How many hours of pre-licensing education does Oregon require for a combined Life, Accident & Health license?
What is unique about Oregon's fingerprinting requirement for insurance licensing?
What is the passing score for Oregon insurance licensing exams?
What must you bring to your Oregon insurance licensing exam?
How long is an Oregon pre-licensing education Certificate of Completion valid?