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Life and Health Insurance Producer Exam

Appointments (OR): practice questions

Our Life & Health Insurance bank has 4 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Oregon

When an insurer terminates an agency appointment in the ordinary case (not on one of the special grounds such as license revocation or fraud), what notice must it give the producer?

  1. Oral notice at least 10 days before the termination, with no reasons required
  2. Written notice within 30 days after the termination has already taken effect
  3. Written notice at least 90 days before the effective date, stating the reasons
  4. Notice posted on the Department's website for 60 days before termination
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C. Written notice at least 90 days before the effective date, stating the reasons — ORS 744.081(1)-(2).

Question 2 · Oregon

A producer solicits an application as the insurer's agent. In matters relating to the application and resulting policy, whose agent is the producer regarded to be?

  1. The insurer's, and contrary wording in the application or policy is invalid
  2. The applicant's, unless the insurer has signed a written agency contract
  3. Both parties' equally, as a dual agent owing duties to each side
  4. Neither party's; the producer is treated as an independent intermediary
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A. The insurer's, and contrary wording in the application or policy is invalid — ORS 744.078(4).

Question 3 · Oregon

Under Oregon law, when may an insurance producer act as an agent of an insurer?

  1. Only after finishing the insurer's product training and a 90-day probationary period
  2. Whenever the producer holds a license for the line, since Oregon requires no appointments at all
  3. Only after the insurer posts a surety bond on the producer's behalf with the Director
  4. When appointed by that insurer, or when working for an appointed producer under the Director's rules
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D. When appointed by that insurer, or when working for an appointed producer under the Director's rules — ORS 744.078(1).

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