Oklahoma PSI Insurance Agent Test

Sharon Stone is injured in a collision, she is making a claim against the responsible portion of the liability policy of the other vehicle. Sharon is called the?

What are the two main coverages in a Homeowners Policy?

Which of these losses would the Commercial General Liability policy pay for?

A Position Schedule Fidelity Bond would provide crime protection in which of the following situations?

If a fire starts in the building, the sprinkler system discharges water to extinguish the fire, and the water causes a power surge, and the power surge damages the computer system, what is the proximate cause of the computer failure

The Insurance Code provides a ruling that if a claim is not payable by the policy, therefore not $ is paid, that such a claim cannot be held against the insured. The law applies to

What is provided by the insuring agreement?

John Huddleston has a Commercial General Liability Policy for his trucking company. If John employees has an accident and is injured, which policy will pay for the loss?

Which of the following parties in a bond makes the obligation?

What part of the policy has requirements on both the insured and the insurer?

Which of the following is not a function of the Oklahoma Guaranty Association?

If a person burns their own home, what type of hazard is it?

The ACV of a vehicle is $10,000. If the vehicle is damaged and the repair bill is $9,000 and the salvage is $1,500, it would cost more to repair than to pay the ACV, this concept is called?

Other than buying it seperately, where would a Doctor generally buy Personal Liability coverage?

Under a Businessowner Policy, if a restaurant is NOT eligible for a limited cooking category, which of the following would make it inelegible?

The business owner has a Commercial General Liability policy with a $500,00 per occurance limit of liability. A merchandise pallet falls and hits 3 customers and causes them harm. What is the maximum the policy will pay?

Under the automobile policy which of these would not be a covered auto?

In order for a loss to be insurable it must be:

John has a Commercial building insured and it is vacant for 4 months. A fire causes $10,000 damages, which best describes how the claim would be handled?

In an unilateral contract:

Susie homemaker purchased a new blender. The blender malfunctions causes a fire in her home and smoke inhalation for Susie. The Commercial General Liability coverage for the blender manufacturer would pay for all the following damages/expenses except?

What type of liability concept would be applicable for a Zoo if a wild animal injures a visitor?

Under the Vacancy Condition, what does Vacancy mean?

Under the assignment condition, when can the insured change the name insured?

Liz has liability, medical payments, uninsured motorist, comprehensive and collision coverage on her auto insurance policy. She losses control of her car, drives into a convenience store damaging the store and her car. What coverage would pay for the damage to the store?

Which of the following businesses is eligible for Businessowner Policy?

Is Uninsured Motorist Coverage required in Oklahoma?

Which of the following types of liability would be restored for each claim?

Which of these is not a type of bond?

Under the Unfair Claim Settlements Practices Law, which of these would NOT be against the law?

In a Commercial Property Basic Form, which of the following losses wouldn't be covered?

What is the difference in agreed value and replacement value?

Fraud is relyig on a

Which of the following parties in a Bond guarantees the obligation?

If the homeowner has purchased construction material to remodel a portion of their house and the construction material is damaged by a covered peril, what portion of the policy will pay for the loss?

If an adjuster violates the Unfair Claim Practices Act, which would be the penalty?

What is the name of the endorsement to properly insure owned speciality interns?

When an Umbrella Policy has protection provided by the policy and the losses not covered by the underlying coverage, what is the amount the insured is responsible for called?

If an adjuster is engaged in a wrongful act, which penalty can be invoked?

Concealment is

Bobby has an Oklahoma issued policy with 25/50/25 auto limits of coverage, Michigan has a minimum required coverage of 100/300/100. While Bobby and his wife were on vacation in Michigan they had an accident the caused $65,000 of Bodily Injury to third party claimants. How much, if any, would her insurance provide in the way of protection?

If a policy has a $50,000 per occurance limit of Bodily Injury and a seperate limit of $25,000 for the Property Damage limit, which type of liability is this called?

Which of these are required for an insurance contract to be valid?

A contract of adhesion must NOT have:

Which of the following is the party that recieves restitution if the Principaldoes not preform the obligation?

Which of the following is a requirement of the Insurer in the event of a loss?

What type of bond is used for an executor of an Estate?

If an adjuster wants to come into Oklahoma to provide claim handling service they would be called?

Mary Ann's auto insurance policy has an effective date of Jan. 1st and an expiration date of Jul. 1st. Which of the following best describes when the coverage expires?

Becky has a homeowners policy with an $85,000 coverage limit on her house. The day of the $30,000 fire, the house had a value of $100,000. According to the Co-Insurance Condition, how much of the loss would be payable by the policy?