Key Takeaways
- Oregon requires 40 hours of pre-licensing education (20 hours Property + 20 hours Casualty)
- The exam has 150 questions with a 160-minute time limit and 70% passing score
- Pre-licensing certificate valid for 12 months only - must pass exam within this period
- Exam administered by PSI; license application must be submitted within 1 year of passing
- Oregon Division of Financial Regulation (DFR) oversees all insurance licensing
Oregon Property & Casualty Exam Overview
Welcome to OpenExamPrep's FREE Oregon Property & Casualty Insurance exam prep guide. This comprehensive resource covers Oregon-specific regulations, licensing requirements, and state insurance laws you need to know to pass your exam in 2026.
About the Oregon P&C Exam
The Oregon Property & Casualty insurance examination is administered by PSI Services on behalf of the Oregon Division of Financial Regulation (DFR), part of the Department of Consumer and Business Services (DCBS). Oregon is the 27th-largest state with unique insurance considerations including earthquake and wildfire risks.
Important: 12-Month Certificate Validity
Your pre-licensing education certificate is only valid for 12 months. You must pass the exam within this period or retake the education.
Exam Structure
| Exam Component | Details |
|---|---|
| Testing Provider | PSI Services |
| Regulatory Authority | Oregon DFR (DCBS) |
| Passing Score | 70% or higher |
| Total Questions | 150 questions (10 sections) |
| Time Limit | 160 minutes (2 hr 40 min) |
| Test Delivery | In-person or remote |
| Results | Immediate |
| Exam Fee | $55 |
Pre-Licensing Education Requirements
| Line | Hours Required |
|---|---|
| Property Insurance | 20 hours |
| Casualty Insurance | 20 hours |
| TOTAL for P&C | 40 hours |
| Certificate Validity | 12 months |
Exam Content (10 Sections)
The exam covers:
- Insurance regulations
- General insurance concepts
- P&C insurance basics
- Homeowners policies
- Dwelling policies
- Auto insurance
- Commercial property
- Commercial liability
- Workers' compensation
- Other coverages
Step-by-Step Licensing Process
Step 1: Complete Pre-Licensing Education
Complete 40 hours of DFR-approved education:
- 20 hours for Property Insurance
- 20 hours for Casualty Insurance
- Certificate valid for 12 months only
Step 2: Register for the Exam
Register with PSI Services:
- Visit psiexams.com
- Create an account
- Select Oregon P&C exam
- Pay $55 exam fee
- Schedule within 12 months of education!
Step 3: Pass the Exam
On exam day:
- Complete 150 questions in 160 minutes
- 70% required to pass
- Receive immediate results
Step 4: Complete Fingerprinting
Fingerprinting through PSI:
| Step | Details |
|---|---|
| Provider | PSI Services |
| Cost | $61.25 |
| Processing | Oregon State Police + FBI |
| Submission | Sent directly to DFR |
Step 5: Apply for License
Apply through NIPR:
- Complete background check first
- Apply within 1 year of passing exam
- Provide all required documentation
Step 6: Receive License
- DFR reviews application
- Background check completed
- License valid for 2 years
Total Costs Summary
| Item | Cost |
|---|---|
| Pre-License Education (40 hrs) | $150-350 |
| Exam Fee (PSI) | $55 |
| Fingerprinting (PSI) | $61.25 |
| License Application | ~$170 |
| TOTAL | ~$436-586 |
Oregon Auto Insurance
Oregon requires the following minimums:
| Coverage | Minimum |
|---|---|
| Bodily Injury (per person) | $25,000 |
| Bodily Injury (per accident) | $50,000 |
| Property Damage | $20,000 |
| PIP | Optional (not required) |
| UM/UIM | Must be offered; can reject |
| Formula | 25/50/20 |
Oregon's Modified Tort System
- Fault-based for liability claims
- PIP optional (unlike No-Fault states)
- UM/UIM must be offered but can be rejected in writing
Oregon-Specific Features
Oregon FAIR Plan
| Feature | Details |
|---|---|
| Purpose | Insurer of last resort |
| Coverage | Fire, lightning, explosion, windstorm, hail |
| Eligibility | Properties unable to get standard coverage |
Earthquake Coverage
| Requirement | Details |
|---|---|
| Offer | Must be offered to all policyholders |
| Deductible | Typically 10-20% |
| Zone | Oregon is in seismic zone (Cascadia) |
Continuing Education
| Requirement | Details |
|---|---|
| Total Hours | 24 hours every 2 years |
| Ethics | 3 hours (included) |
| Oregon Statutes | 3 hours (included) |
| Max Per Day | 8 hours CE credit |
| Agency Mgmt | Max 4 hours |
Contact Information
| Resource | Details |
|---|---|
| Oregon DFR | dfr.oregon.gov |
| Phone | (503) 947-7980 |
| dfr.info@oregon.gov | |
| Address | 350 Winter St NE, Salem, OR 97301 |
| PSI Exams | psiexams.com |
What This Guide Covers
Chapter 1: Oregon Insurance Regulation
- DFR structure and authority
- Oregon Insurance Code (ORS 731-746)
- Licensing requirements
- Producer responsibilities
Chapter 2: Oregon Property Insurance
- Homeowners requirements
- Oregon FAIR Plan
- Earthquake coverage
- Wildfire considerations
Chapter 3: Oregon Casualty Insurance
- Auto minimums (25/50/20)
- UM/UIM requirements
- Workers' compensation
- Liability insurance
Chapter 4: Ethics & Consumer Protection
- Unfair trade practices
- Claims handling
- Oregon Insurance Guaranty Association
- Producer conduct
Key Numbers to Memorize
| Topic | Number |
|---|---|
| Pre-license hours | 40 hours |
| Certificate validity | 12 months |
| Exam questions | 150 |
| Exam time | 160 minutes |
| Passing score | 70% |
| Exam fee | $55 |
| Fingerprinting | $61.25 |
| Application deadline | 1 year |
| BI liability | 25/50 |
| PD liability | $20,000 |
| CE hours | 24 every 2 years |
| Ethics CE | 3 hours |
| OR statutes CE | 3 hours |
Next Steps
- Enroll in 40-hour course - DFR-approved provider
- Complete this FREE study guide - OR-specific content
- Study national P&C concepts - See our Property & Casualty exam prep
- Schedule exam - Within 12 months!
- Pass exam - 70%+ score
- Complete fingerprinting - PSI ($61.25)
- Apply for license - Within 1 year
Let's get started with Chapter 1: Oregon Insurance Regulation!
How long is your Oregon pre-licensing education certificate valid?
Is PIP coverage required in Oregon?
What are the minimum auto liability limits in Oregon?
How many hours of Oregon-specific continuing education are required every 2 years?
What unique coverage must Oregon insurers offer to all property policyholders?