OPCI - Oklahoma Property and Casualty Insurance Exam

Question 1: An Oklahoma applicant buying a personal automobile policy asks for the least amount of liability coverage the state will accept so the vehicle can be lawfully registered and driven. Which of the following states Oklahoma's minimum liability limits in the familiar split-limit form?

Twenty-five, fifty, ten thousand

Fifty, one hundred, twenty-five thousand

Twenty-five, fifty, twenty-five thousand

Fifteen, thirty, ten thousand

Question 2: An Oklahoma driver carrying only the state minimum liability limits injures several people in one accident, and one badly hurt claimant asks the most the bodily injury coverage will pay for that single person's injuries. Under Oklahoma's minimum limits, what is that per-person maximum?

Twenty-five thousand dollars

Fifty thousand dollars

Seventy-five thousand dollars

Ten thousand dollars

Question 3: Reviewing the third figure in Oklahoma's split minimum limits, an insured wants to know how much of the required coverage responds when the insured negligently damages another person's vehicle or other property in an accident. What is Oklahoma's minimum property damage liability limit?

Ten thousand dollars

Fifty thousand dollars

Twenty-five thousand dollars

Five thousand dollars

Question 4: Before an Oklahoma resident may lawfully operate a registered motor vehicle on public roads, the state's compulsory insurance law imposes a continuing duty on the vehicle owner. Which of the following best describes what that owner must maintain with respect to the vehicle at all times?

A savings account matching the vehicle value

Membership in a motor club

A performance bond filed with the county

Security for liability arising from its use

Question 5: An Oklahoma driver is stopped by a law enforcement officer who asks for evidence that the required liability coverage is in force on the vehicle being driven. Under Oklahoma's compulsory insurance law, where must the proof of security be kept so it can be produced on request?

In the vehicle at all times

On file only at the insurer's office

At the owner's home address

With the county tax assessor

Question 6: The duty to maintain compulsory liability security falls on every owner of a registered Oklahoma motor vehicle, yet the statute names one class of owner as an exception to that continuing requirement. Which of the following owners is expressly excepted from the individual vehicle security duty?

A retired driver over sixty-five

An owner of an electric vehicle

A licensed used motor vehicle dealer

A first-time vehicle owner

Question 7: An Oklahoma named insured lends her covered automobile to a friend who has her express permission to run an errand, and the friend negligently causes an accident. Under the terms Oklahoma requires in a motor vehicle liability policy, how does the policy treat that permitted driver?

It excludes anyone but the named insured

It covers only relatives of the insured

It applies solely to business use

It covers permitted users of the vehicle

Question 8: An Oklahoma named insured has a household member with a poor driving record and asks the insurer to keep that person off the policy to control the premium. Oklahoma law permits the insurer and the named insured to accomplish this through which of the following arrangements?

A separate written endorsement excluding the driver

An oral agreement noted in the file

A permanent surcharge on the household

Cancellation of the entire policy

Question 9: An Oklahoma insured plans a driving trip and asks whether the liability coverage on his personal automobile policy will follow the covered vehicle outside the United States. Under the territorial terms Oklahoma requires in a motor vehicle liability policy, where does that coverage apply?

Anywhere in North America including Mexico

Only within Oklahoma's borders

The United States and Canada

Worldwide without any territorial limit

Question 10: When an Oklahoma consumer buys an automobile liability policy, the insurer must make uninsured motorist coverage available, yet the buyer is not forced to keep it. Which of the following correctly describes how an applicant declines uninsured motorist coverage in Oklahoma?

It cannot be declined once offered

By declining verbally to the agent

By simply not paying for it

By rejecting the coverage in writing

Question 11: An Oklahoma applicant buys auto liability coverage but never signs any form about uninsured motorist coverage, and later assumes she has none because she did not ask for it. According to Oklahoma's rule on how uninsured motorist coverage attaches, what is her actual situation?

She is charged for and carries it

She has no coverage without a request

She must reapply to add the coverage

She has coverage only after an accident

Question 12: After an uninsured driver strikes an Oklahoma insured's car and injures her, she asks whether her uninsured motorist coverage will both treat her injuries and repair her damaged vehicle. Under Oklahoma's standard uninsured motorist coverage, which losses does it respond to?

Vehicle damage only, not injuries

Bodily injury only, not vehicle damage

Both injuries and vehicle damage fully

Neither injuries nor vehicle damage

Question 13: An Oklahoma insured learns that uninsured motorist coverage pays for injuries but not for damage to his own car, and asks whether Oklahoma allows any uninsured motorist coverage for property damage. Which statement best reflects the availability of uninsured motorist property damage coverage in Oklahoma?

It is required on every auto policy

It is prohibited entirely in Oklahoma

Offered but not widely available

It replaces collision coverage automatically

Question 14: An Oklahoma insured is seriously hurt by an at-fault driver whose liability limits are far smaller than the insured's damages. The insured's own policy includes uninsured and underinsured motorist coverage. Which situation does the underinsured portion of that coverage address?

An at-fault driver with no license

A hit-and-run driver who is never found

The insured's own reckless driving

An at-fault driver whose limits are insufficient

Question 15: An Oklahoma insured is struck on an Oklahoma City highway by a driver who speeds away and is never identified, leaving the insured with injuries and no one to pursue. Which coverage on the insured's own automobile policy is designed to respond to this hit-and-run injury?

Uninsured motorist coverage

Property damage liability coverage

Medical expense coverage for others

Bodily injury liability coverage

Question 16: An Oklahoma insurer decides to cancel a private passenger automobile policy that is already in force and must give the insured advance written notice before the cancellation takes effect. Under the Oklahoma rule that governs private passenger auto, at least how many days notice of cancellation is required?

Thirty days

Ten days

Forty-five days

Sixty days

Question 17: Rather than cancel midterm, an Oklahoma insurer decides simply to let a private passenger automobile policy lapse at its expiration and not offer renewal. Under the Oklahoma rule that governs private passenger auto, at least how many days advance notice of non-renewal must the insurer give?

Ten days

Sixty days

Twenty days

Ninety days

Question 18: An Oklahoma insurer mails a cancellation notice to an auto insured at the address shown in the policy, and the insured later claims the notice never arrived. Under the Oklahoma rule on how notice is given, what is sufficient to establish that proper notice was given?

Certified mail with a signed receipt

Personal delivery by an agent

A telephone call confirming receipt

Proof that the notice was mailed

Question 19: An Oklahoma motorist is struck by another driver in a collision for which she bears no fault, and at renewal her insurer proposes to raise her premium because of that accident. Which principle of Oklahoma automobile insurance law addresses whether the insurer may do so?

Not-at-fault accidents cannot justify a surcharge

The insurer may surcharge any accident freely

Only injuries, not damage, bar a surcharge

The insured must switch insurers

Question 20: An Oklahoma driver is arrested on a traffic charge that is later dismissed before any conviction, and his insurer nevertheless proposes to raise his rate based on that charge. Under Oklahoma law, may the insurer use that traffic charge against him, and on what basis?

Yes, any charge supports a rate increase

No, a dismissed charge cannot be used

Yes, unless the driver files an appeal

No, only if he was acquitted

OPCI Oklahoma Property and Casualty Insurance Exam - Set 2 - Part 1