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Life and Health Insurance Producer Exam

Licensing (OR): practice questions

Our Life & Health Insurance bank has 14 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Oregon

When does an Oregon individual insurance producer license expire?

  1. Every year on June 30, regardless of when the license was first issued
  2. Every two years, on December 31 of odd-numbered years
  3. Every two years, in the month of the producer's birthday
  4. Every three years, on the anniversary of the date the exam was passed
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C. Every two years, in the month of the producer's birthday — OAR 836-071-0146(1).

Question 2 · Oregon

Within what time must an Oregon producer report to the Director a criminal prosecution of the producer in any jurisdiction?

  1. Within 10 days after being arrested or formally charged with any offense
  2. Not later than the 30th day after the initial pretrial hearing date
  3. Only after a conviction becomes final and all appeals are exhausted
  4. At the next license renewal, on the renewal application questions
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B. Not later than the 30th day after the initial pretrial hearing date — ORS 744.089(2).

Question 3 · Oregon

A producer licensed in another state moves to Oregon. To get an Oregon resident license for the same lines without prelicensing education or an exam, when must the person apply?

  1. Within one year, as long as the prior license stays active
  2. Within 45 days after the home-state license is canceled
  3. Within 90 days after establishing legal residence in Oregon
  4. Before the next renewal date of the out-of-state license
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C. Within 90 days after establishing legal residence in Oregon — ORS 744.067(2).

Question 4 · Oregon

How much pre-licensing education does Oregon rule require for authority to transact life insurance (when the applicant does not qualify through experience)?

  1. At least 40 hours, half of it classroom instruction on annuities
  2. At least 20 hours on life principles, producer duties and Oregon law
  3. None; the state licensing examination is the only requirement
  4. At least 12 hours of self-study followed by a proctored course final
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B. At least 20 hours on life principles, producer duties and Oregon law — OAR 836-071-0180(1), (3)(d).

Question 5 · Oregon

For how long may the Director issue a temporary producer license without a written exam, for example to the surviving spouse of a deceased producer?

  1. For a period not to exceed 180 days
  2. Until the end of the next calendar year
  3. For up to 90 days, with no extension
  4. For one year, renewable once
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A. For a period not to exceed 180 days — ORS 744.073(1).

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