Oklahoma Insurance License Exam

Written by: Ethan Peyton

Last updated:

Oklahoma Insurance License Exam

Passing your Oklahoma insurance license exam is a pivotal part of becoming a licensed insurance agent in the state of Oklahoma.

In this guide, we’ll break down the general information that you need to know in order to pass your exam, outline the differences between each examination line, and offer tips on both: how to prepare for your Oklahoma insurance licensing exam, and on what to do after you pass.

Tip: Doing a pre-licensing education course dramatically increases your chance of passing your exam on your first attempt, which can end up saving you both time and money in the long run.

4.7 out of 5 starsKaplan Education Company

Oklahoma Insurance Exam Basics

General Information

The State of Oklahoma uses Prometric to administer its insurance agent licensing. This means you can register and book all of your licensing examinations through the Prometric website. Your test can be taken online or in person.

Each major insurance line examination is made up of bullet-point questions and includes both general and state-specific material.

The general questions test your federal insurance product and agent knowledge, whereas the state-specific questions test you on the Oklahoma insurance regulations and laws that you will need to know in order to operate as an insurance agent.

Score Explanation

You will be sent an exam score report to your email immediately after the completion of your insurance exam(s). If you choose to take more than one exam, you will be sent more than one score report.

The report indicates the overall score and grade of your exam, including the numerical percentage of questions answered correctly and whether you passed or failed.

You will also be shown how well you did on each major section of the exam. This is important, as you can use these sections as guides if you need to retake an examination.

Cost

Your Oklahoma insurance license exam cost will depend on the number of examinations that you take:

Examination

Cost 

Time Allowed

Life, Accident & Health or Sickness Producer

$41

150 Minutes

Property & Casualty Producer

$41

150 Minutes

Life Producer

$41

120 Minutes

Property & Casualty Personal Lines Only Producer

$41

120 Minutes

Casualty Producer

$41

120 Minutes

Property Producer

$41

120 Minutes

Note: You should focus on one exam at a time. This will likely increase the amount of time and effort you can allocate to each examination and should allow you to feel more prepared when you sit your exam.

Recommended

Doing a pre-licensing education course dramatically increases your chance of passing your exam on your first attempt, which can end up saving you both time and money in the long run. For pre-licensing education, StateRequirement recommends:

4.7 out of 5 starsKaplan Education Company

Oklahoma Life and Health Insurance Exam

Below you can find part of the content outline offered by Prometric.

We recommend using it as a general checklist when working through your pre-license education course. This way, you’ll be absolutely sure that you haven’t missed any topic that you will be tested on later on.

Life, Accident & Health or Sickness Content Outline

150 questions (plus 5 unscored items).

State-Specific Portion

I. Licensing

  1. Appointment Procedures
  2. Change of Address
  3. Disciplinary Actions
  4. Maintenance (including CE)
  5. Process
  6. Purpose
  7. Qualifications
  8. Types of Licensees

II. State Insurance Statutes, Rules, and Regulations

  1. Accelerated Benefits
  2. Capacity to Contract for Insurance — Minors
  3. Credit Life, Accident, and Health
  4. Domestic, Foreign, and Alien Insurers
  5. Eligibility Requirements
  6. Examination of Books and Records
  7. Fair Credit Reporting Act
  8. Fraternal Benefit Society
  9. Fraud and False Statements
  10. Insurance Commissioner General Duties and Powers
  11. Insurance Information and Privacy Protection
  12. Life and Health Insurance Guaranty Association Act
  13. Life Insurance and Annuities
  14. Mandated or Required Benefits
  15. Mandated or Required Offers
  16. Marketing/Advertising Practices
  17. Medicare Supplement
  18. Mutual Insurers
  19. Other Requirements
  20. Payment or Acceptance of Commission
  21. Proof of Loss
  22. Small Employer Health Insurance
  23. Standard Nonforfeiture Law
  24. State Specific Definitions
  25. Stock Insurers
  26. Suitability

General Knowledge Portion

I. Provisions, Options, Exclusions, Riders, Clauses, and Rights

  1. Mandatory Provisions 
  2. Entire Contract 
  3. Time Limit on Certain Defenses
  4. Grace Period
  5. Notice of Claim
  6. Claim Forms
  7. Proof of Loss
  8. Time of Payment of Claims
  9. Payment of Claims
  10. Legal Actions
  11. Change of Beneficiary
  12. Continuation and Extension of Benefits
  13. Pre Existing Conditions
  14. Policy Provisions and Options
  15. Entire Contract
  16. Insuring Clause
  17. Free Look
  18. Consideration Clause
  19. Owner’s Rights
  20. Beneficiary Designations
  21. Primary and Contingent
  22. Revocable and Irrevocable
  23. Common Disaster
  24. Premium Payment
  25. Modes
  26. Automatic Premium Loan

II. Life Products

  1. Whole Life — Stock/Mutual
  2. Term
  3. Universal Life 
  4. Endowment 
  5. Joint Life
  6. Survivorship
  7. Annuities
  8. Fixed
  9. Equity
  10. Variable Annuity
  11. Variable Life
  12. Group Life
  13. Viatical Settlement

III. Underwriting

  1. Completing the Application
  2. Required Signatures
  3. Collecting the Initial Premium and Issuing the Receipt
  4. Delivering the Policy
  5. When Coverage Begins
  6. Insurable Interest
  7. Medical Information and Consumer Reports
  8. Sales Practices

IV. Considerations in Replacing Insurance

  1. State Replacement Requirements

V. Health Providers and Products

  1. Limited Benefit Plans
  2. Specified Disease (cancer, heart)
  3. Hospital Confinement Indemnity
  4. Major Medical
  5. HMOs
  6. PPOs
  7. MEWAs
  8. Group Health Plans
  9. Credit Disability Policy
  10. Disability Income
  11. Dental

VI. Medicare

  1. Medicare Advantage (Part C)
  2. Part D
  3. Medicare Supplement Plans

VII. Long-Term Care (LTC) Policies

  1. Deductibility of Premiums for LTC Insurance for State Income Tax Purposes
  2. Renewal Features
  3. Sales Requirements
  4. Minimum Standards
  5. Coverage Selections
  6. Suitability

We recommend reading our in-depth How to Pass the Life Insurance Exam guide for a better overview.

Oklahoma Property and Casualty License Exam

Below you can find part of the content outline offered by Prometric.

You should use this outline as a checklist when working through your pre-license education course in order to ensure that you haven’t missed any topic that you will be tested on later on.

Property and Casualty Combined Exam Content Outline

State-Specific Portion

I. Licensing

  1. Appointment Procedures
  2. Change of Address
  3. Disciplinary Actions
  4. Maintenance (including CE) 
  5. Process 
  6. Purpose
  7. Qualifications
  8. Types of Licensees
  9. Policy document electronic delivery
  10. Federal Regulation Fair Credit Reporting Act
  11.  Federal Regulation Fraud and false statements

II. State Insurance Statutes, Rules, and Regulations

  1. Binders 
  2. Cancellation and Nonrenewal
  3. Domestic, Foreign, and Alien Insurers
  4. Examination of Books and Records 
  5. Fair Credit Reporting Act
  6. Fraud and False Statements 
  7. Inducements
  8. Insurance Commissioner General Duties and Powers
  9. Insurance Information and Privacy Protection
  10. Mutual Insurers
  11. Payment or Acceptance of Commission
  12. Proof of Loss
  13. Property and Casualty Insurance Guaranty Association
  14. State Specific Definitions
  15. Stock Insurers
  16. Surplus Lines
  17. Unfair Claims Settlement Practices Act
  18. Unfair Practices and Frauds
  19. Rebating and Inducements
  20. Defamation
  21. Twisting
  22. Policy document electronic delivery
  23. Federal Regulation Fair Credit Reporting Act
  24. Federal Regulation Fraud and false statements

III. State Automobile Insurance Laws

  1. Cancellation/Nonrenewal
  2. State Automobile Insurance Plans
  3. State Required Minimum Limits of Liability
  4. Uninsured/Underinsured Motorist

IV. State Workers’ Compensation

General Portion

I. Personal Policies

  1. Personal Lines
  2. Dwelling and Contents (DP forms) 
  3. Personal Liability
  4. Homeowners (HO forms)
  5. Mobile Homes
  6. Inland Marine
  7. Personal Floaters
  8. Nationwide Definition
  9. Others
  10. Flood
  11. Personal Watercraft
  12. Earthquake

II. Commercial Property Policies

  1. Commercial Lines
  2. Commercial Property
  3. Commercial Building and Personal Property Form
  4. Causes of Loss Forms
  5. Business Income
  6. Extra Expense
  7. Commercial Package Policy (CPP)
  8. Equipment Breakdown Coverage Form
  9. Business owners Policy (BOP)
  10. Bonds
  11. Crime Bonds
  12. Fidelity
  13. Crime
  14. Inland Marine
  15. Commercial Floaters
  16. Nationwide Definition
  17. Motor Truck Cargo
  18. Others
  19. Flood
  20. Earthquake
  21. Burglary and Crime Coverage

III. Property Insurance Terms and Related Concepts

  1. Insurance
  2. Insurable Interest
  3. Risk
  4. Hazard
  5. Peril
  6. Loss
  7. Direct
  8. Indirect
  9. Proximate Cause
  10. Deductible
  11. Indemnity
  12. Actual Cash Value (ACV)
  13. Replacement Cost
  14. Limits of Liability
  15. Coinsurance/Insurance to Value
  16. Pair and Set Clause
  17. Additional Coverages
  18. Accident
  19. Occurrence
  20. Vacancy and Unoccupancy
  21. Right of Salvage
  22. Burglary
  23. Robbery
  24. Theft

IV. Property Policy Provisions and Contract Law

  1. Declarations
  2. Insuring Agreement
  3. Conditions
  4. Exclusions
  5. Definition of the Insured
  6. Duties of the Insured
  7. Obligations of the Insurer
  8. Mortgagee Rights
  9. Proof of Loss
  10. Notice of Claim
  11. Appraisal
  12. Other Insurance Provisions
  13. Assignment
  14. Subrogation
  15. Arbitration
  16. Elements of a Contract
  17. Warranties, Representations, and Concealment
  18. Binders
  19. Endorsements
  20. Cancellation and Nonrenewal Provisions

VPersonal Casualty Policies and Related Terms

  1. Personal Automobile
  2. Liability
  3. Medical Payments
  4. Physical Damage (Collision and Other Than Collision) 
  5. Uninsured/Underinsured Motorist
  6. Insured definition
  7. Types of Auto
  8. Owned
  9. Temporary Substitute
  10. Umbrella/Excess Liability

VI. Commercial Casualty Policies, Bonds and Related Terms

  1. Commercial General Liability
  2. Basic Hazards
  3. Premises and Operations
  4. Products and Completed Operations
  5. Independent Contractors
  6. Contractual
  7. Commercial General Liability Coverage Forms
  8. Coverage A: Bodily Injury and Property Damage Liability
  9. Occurrence
  10. Coverage B: Personal Injury and Advertising Injury
  11. Coverage C: Medical Payments
  12. Who is an Insured?
  13. Limits
  14. Definitions
  15. Owners and Contractors Protective Liability
  16. Business (Commercial) Automobile
  17. Liability
  18. Medical Payments
  19. Physical Damage
  20. Uninsured/Underinsured Motorist
  21. Who is an Insured?
  22. Types of Autos
  23. Owned
  24. Non-owned
  25. Hired

VII. Casualty Insurance Terms and Related Concepts

  1. Risk
  2. Hazard
  3. Indemnity
  4. Insurable Interest
  5. Actual Cash Value (ACV)
  6. Negligence
  7. Liability
  8. Accident
  9. Occurrence
  10. Binders
  11. Warranties
  12. Representations
  13. Concealment
  14. Bodily Injury Liability
  15. Property Damage Liability
  16. Personal Injury Liability
  17. Limits of Liability
  18. Insured Contract
  19. Certificate of Insurance
  20. Underwriting
  21. General Concepts

VIII. Casualty Policy Provisions and Contract Law

  1. Declarations
  2. Insuring Agreement
  3. Conditions
  4. Exclusions
  5. Definition of the Insured
  6. Duties of the Insured
  7. Duties of the Insured after a Loss
  8. Cancellation and Nonrenewal Provisions
  9. Proof of Loss
  10. Notice of Claim
  11. Other Insurance Provisions
  12. Subrogation
  13. Claims Made Form
  14. Salvage
  15. Limitations
  16. Elements of a Contract
  17. Obligations of the Insurer
  18. Endorsements

We recommend reading our Property and Casualty Insurance exam article for a more in-depth overview.

How to Pass the Oklahoma Insurance Exam

Passing your Oklahoma insurance exam ultimately comes down to your mindset and degree of preparation.

We have composed a few helpful exam tips and tricks that should help you perform as well as you can during your exam day.

Get a Pre-License Course

Even though this is not a requirement in the state of Oklahoma, getting a pre-license course can be incredibly beneficial. These courses can help you get accustomed to the extensive amount of content that you will have to memorize.

We recommend Kaplan’s course because it offers a variety of helpful features, including:

  • Online exam simulations
  • Live online training
  • Printable study guides
  • End of chapter reviews

For more information, we recommend reading our Kaplan Insurance Course Review.

Make Enough Time to Study

Not leaving enough time to prepare is one of the easiest ways to ensure that you do not pass your exam on your first attempt.

Remember, there are zero questions on your exam that are based on common sense or critical thinking. All questions are purely factual, and so will relate to how well you understand and remember the content that you have learned.

We recommend allocating around one to two weeks to prepare for your exam, as this should allow you to go through all of the material at least twice.

Control Test Anxiety

Even though you cannot control whether you get exam anxiety or not, you can take a few steps when preparing to limit its effect on your performance:

  • Establish a consistent pretest routine — Acclimate yourself to exam conditions by following a specific routine on each practice exam at home. This should help you feel less anxious during your exam day.
  • Get plenty of sleep — Lack of sleep can exacerbate your anxiety and increase your self-doubt. Make sure you are consistently getting a good night’s sleep in the week leading up to your exam.
  • Study effectively — This sounds obvious, but make sure you are actually tailoring your studying to the exam that you are taking. Remember, there are no critical thinking or common sense questions involved.
  • Arrive early — If you are planning to sit your exam in person, we recommend you arrive at least 30 minutes before it’s due to start in order to get used to your surroundings and have time to check in with your center’s administrator.

For a more in-depth overview of how you can prepare for your Oklahoma insurance exam, we recommend reading our How to Pass the Insurance Exam article.

Getting Your Oklahoma Insurance License

Your next steps will depend on whether you actually passed your exam, as well as on whether you plan to get licensed for any additional lines.

You can apply for your license up to 24 months after you complete your exam, so if you would like to attempt passing additional insurance line exams before filing your licensing application with the Oklahoma Insurance Department, you are totally free to do that.

After you have passed your insurance licensing exam, you will need to:

  • Complete a background check
  • File your licensing application
  • Wait for your application to be reviewed

Have a look at our How to Become an Insurance Agent in Oklahoma review for more information on all the steps that you will need to take after passing your insurance exam.

Oklahoma Department of Insurance Contact Information

Mailing Address:

Oklahoma Insurance Department
Five Corporate Plaza
3625 Northwest 56th, Suite 100
Oklahoma City, Oklahoma 73112-4511

Phone: (405) 521-2828

Fax: (405) 521-6635

Email: licensing@oid.ok.gov

Website: http://www.ok.gov/oid

License Search: Oklahoma Insurance License Search and Lookup

Oklahoma Insurance Exams FAQ

How often do I have to renew my license?

In Oklahoma, insurance licenses expire every two years. For more information, see our guide on How to Renew Your Insurance License in Oklahoma.

How long is the Oklahoma insurance exam?

In Oklahoma, the Life, Accident & Health or Sickness and the Property & Casualty combined exam are 150 minutes long. Non-combined exams (e.g., Property, Casualty, etc.) are generally shorter (120 minutes long.).

How many times can you take the Oklahoma insurance exam?

There’s no limit to the number of times that you can take an Oklahoma insurance exam. Having said that, you will need to wait at least 24 hours after your first attempt in order to schedule another examination.

How many questions are on the Oklahoma insurance exam?

This will depend on the exam that you are taking. The Property Producer exam is made up of 75 questions. The Life, Accident & Health or Sickness combined exam is made up of 150 questions.

Ready for more?

Start Studying

Learn More