200+ Free OR Life & Health Practice Questions
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Key Facts: OR Life & Health Exam
150
Scored Questions
Oregon PSI 12-03 content outline
160 min
Exam Time
Oregon PSI 12-03 content outline
70%
Passing Score
Oregon candidate bulletin
$55
Exam Fee
Oregon candidate bulletin fee table
$75 + processing
Application + NIPR
Oregon DFR fees page
$61.25
Fingerprint Processing
Oregon DFR producer licensing guidance
24 / 3 / 3
CE Total / Ethics / OR Law
Oregon DFR CE requirements
Oregon Series 12-03 is listed at 150 scored questions with a 160-minute time limit, 70% passing score, and $55 exam fee. Oregon resident licensing also includes a $75 application fee, an additional NIPR processing fee, and $61.25 fingerprint processing cost. Oregon CE is 24 hours every 2 years, including 3 hours ethics and 3 hours Oregon law/rules.
About the OR Life & Health Exam
Oregon Series 12-03 combines national life and health insurance fundamentals with Oregon-specific producer law, annuity best-interest standards, Medicare supplement rules, and long-term care training requirements.
Questions
150 scored questions
Time Limit
2 hours 40 minutes (160 minutes)
Passing Score
70%
Exam Fee
$55 (Oregon Division of Financial Regulation (DFR) / PSI)
OR Life & Health Exam Content Outline
Regulation, Federal, and General Concepts
Insurance regulation (4%), federal laws (2%), and general insurance concepts (4%) including Oregon producer compliance duties
Life Foundations and Policy Types
Life/A&H basics (13%) plus life policy types (13%) including ownership, beneficiaries, and policy-class distinctions
Life Provisions, Annuities, and Tax
Life provisions/riders (7%), annuities (11%), and federal tax treatment (4%) with Oregon annuity best-interest context
Individual Health and Disability
Individual A&H policy provisions (5%) and disability income concepts (3%)
Medical and Group Health
Medical plans (8%) and group health insurance (14%), including continuation and employer-plan concepts
Senior and Specialized Health
Specialized health insurance for qualified individuals (12%), including Medicare supplement and LTC compliance priorities
How to Pass the OR Life & Health Exam
What You Need to Know
- Passing score: 70%
- Exam length: 150 questions
- Time limit: 2 hours 40 minutes (160 minutes)
- Exam fee: $55
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
OR Life & Health Study Tips from Top Performers
Frequently Asked Questions
How many questions are on Oregon Series 12-03 and how long is the exam?
The official Oregon PSI content outline lists 150 scored questions with a 160-minute time limit (2 hours 40 minutes).
What passing score and exam fee apply in Oregon?
Oregon producer exams use a 70% passing standard, and the current PSI bulletin lists a $55 exam fee for Series 12-03.
What prelicense education does Oregon require for combined Life and Health authority?
Oregon requires 20 hours for Life and 20 hours for Health, for 40 total hours before taking the combined exam.
What are Oregon's core CE requirements after licensing?
Oregon resident producers complete 24 CE hours every 2 years, including 3 hours ethics and 3 hours Oregon law and administrative rules.
What Oregon-specific compliance topics are heavily tested?
Expect Oregon-focused questions on DFR licensing rules, replacement and unfair-practice standards, annuity best-interest requirements, Medicare supplement regulation, and long-term care training obligations.