Oklahoma adjuster license - Study guides, Class notes & Summaries

Oklahoma Adjuster License – 3 Questions and Answers 100% CorrectOklahoma Adjuster License – 3 Questions and Answers 100% CorrectOklahoma Adjuster License – 3 Questions and Answers 100% Correct All of the following statements are TRUE regarding a proof of loss statement, EXCEPT: - ANSWER-A proof of loss is also known as a loss notice The "loss notice" is NOT the formal proof of loss. The loss notice is provided by the insured to the agent or insurer as soon as possible after the los...

All of the following statements are TRUE regarding a proof of loss statement, EXCEPT: - ANSWERSA proof of loss is also known as a loss notice The "loss notice" is NOT the formal proof of loss. The loss notice is provided by the insured to the agent or insurer as soon as possible after the loss has occurred. Which of the following acts is NOT considered to be "transacting insurance" within the state of Oklahoma? - ANSWERSTaking an agency's incoming payments, sometimes containing premiu...

All of the following statements are TRUE regarding a proof of loss statement, EXCEPT: - ANSWERSA proof of loss is also known as a loss notice The "loss notice" is NOT the formal proof of loss. The loss notice is provided by the insured to the agent or insurer as soon as possible after the loss has occurred. Which of the following acts is NOT considered to be "transacting insurance" within the state of Oklahoma? - ANSWERSTaking an agency's incoming payments, sometimes containing premiu...

All of the following statements are TRUE regarding a proof of loss statement, EXCEPT: - ANSWERSA proof of loss is also known as a loss notice The "loss notice" is NOT the formal proof of loss. The loss notice is provided by the insured to the agent or insurer as soon as possible after the loss has occurred. Which of the following acts is NOT considered to be "transacting insurance" within the state of Oklahoma? - ANSWERSTaking an agency's incoming payments, sometimes containing premiu...

All of the following statements are TRUE regarding a proof of loss statement, EXCEPT: - ANSWER-A proof of loss is also known as a loss notice The "loss notice" is NOT the formal proof of loss. The loss notice is provided by the insured to the agent or insurer as soon as possible after the loss has occurred. Which of the following acts is NOT considered to be "transacting insurance" within the state of Oklahoma? - ANSWER-Taking an agency's incoming payments, sometimes containing premiu...

"Practicing Insurance" Without a License - 1) A producer or adjuster, with a suspended or revoked license, who continues to "practice insurance" (transact insurance) after losing his/her license due to a violation of the insurance code is subject to a felony and the following criminal penalties: -Civil fine imposed by a Court of Law (Not the OID) up to $5000 and/or jailed from 1 to 5 years. 2) A person never licensed as a producer or adjuster who "practice insurance" (transact insuranc...