US Insurance Oklahoma Test 7

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Insurance — Test 7 (Oklahoma) Professional (Insurance, USA) USA — Oklahoma State Insurance License — USA

What is this test? for Insurance (Property/Casualty, Life/Health) license, USA — Professional (Insurance, USA) level, USA — Oklahoma.
For adults preparing for Insurance license in the USA
Section: Insurance — Test 7 (Oklahoma) · Education: Professional (Adult) · Part: Insurance — Test 7 (Oklahoma) · Country: USA · Region: USA — Oklahoma

A regular habit of taking practice tests makes learned information stick and is one of the most important factors directly affecting exam success.

This test will help you gauge your knowledge in your field and manage your exam prep more efficiently.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is an adjuster?

A) cancels

B) sells policies

C) collects premiums

D) assesses claim payouts

Question 2

What is a premium?

A) copay

B) regular insurance payment

C) deductible

D) claim payout

Question 3

What is a deductible?

A) monthly bill

B) amount paid before coverage

C) copay

D) payout

Question 4

What is a copay?

A) premium

B) deductible

C) fixed visit fee

D) payout

Question 5

What is liability coverage?

A) theft of yours

B) your car repairs

C) pays others' damage you cause

D) medical for you

Question 6

What is collision coverage?

A) flood

B) liability

C) your car crash repairs

D) theft

Question 7

What is subrogation?

A) doubling payout

B) refunding

C) canceling

D) insurer recovering from at-fault party

Question 8

What is comprehensive coverage?

A) non-crash damage (theft, hail)

B) liability

C) collision

D) health

Question 9

What is term life insurance?

A) lifetime

B) investment

C) no expiry

D) coverage for a set period

Question 10

What is whole life insurance?

A) yearly

B) term only

C) lifetime plus cash value

D) no payout

Question 11

What is a beneficiary?

A) agent

B) person receiving payout

C) lender

D) adjuster

Question 12

What is underwriting?

A) risk assessment for policies

B) selling

C) claim filing

D) canceling

Question 13

What is an exclusion?

A) premium

B) deductible

C) covered item

D) what policy does NOT cover

Question 14

What is actual cash value?

A) replacement minus depreciation

B) purchase price

C) agreed value

D) new price

Question 15

What is a rider?

A) basic policy

B) claim

C) cancel

D) added coverage option

Question 16

What is coinsurance?

A) full coverage

B) shared percent after deductible

C) premium

D) copay

Question 17

What is an out-of-pocket max?

A) yearly payment ceiling

B) premium

C) unlimited

D) deductible

Question 18

What is HMO?

A) no referrals

B) PPO

C) any doctor

D) network HMO care plan

Question 19

What is PPO?

A) flexible network plan

B) free care

C) HMO only

D) no coverage

Question 20

What is flood insurance?

A) homeowners covers

B) separate NFIP policy

C) auto covers

D) no need

US Insurance Oklahoma Test 7

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