Oklahoma Insurance License Exam

Written by: Ethan Peyton

Cartoon woman holding Oklahoma Insurance License Exam document

    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.

     

    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 Pre-License Course

    Before taking your insurance exam, we recommend completing a pre-license education course. This is not a requirement in the state of Oklahoma, but it can go a long way in helping you get accustomed to the information that you will need to know.
    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 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.

    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




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    Information on this page has been gathered by a multitude of sources and was most recently updated in October 2022.

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