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Life and Health Insurance Producer Exam

Regulation (OR): practice questions

Our Life & Health Insurance bank has 3 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

An Oregon producer under investigation lets the license expire, or voluntarily surrenders it. What happens to the Director's investigation?

  1. It is suspended until the person applies for a new producer license
  2. The matter must be transferred to the county district attorney's office
  3. The Director may still investigate and start disciplinary proceedings
  4. The investigation ends, because the Director no longer has jurisdiction
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C. The Director may still investigate and start disciplinary proceedings — ORS 744.994(2).

Question 2 · Oregon

Under the Oregon Insurance Code, which official is charged with enforcing the Code for the public good?

  1. The Attorney General, acting through the Consumer Protection Section
  2. A three-member insurance board appointed by the Legislative Assembly
  3. An Insurance Commissioner elected by Oregon voters every four years
  4. The Director of the Department of Consumer and Business Services
Show the answer

D. The Director of the Department of Consumer and Business Services — ORS 731.236(1).

Question 3 · Oregon

Under Oregon's general civil penalty statute, what is the most the Director may fine an individual insurance producer for each offense?

  1. Up to $1,000 for each offense
  2. Up to $2,500 for each calendar year of violation
  3. Up to $5,000 for each offense, plus hearing costs
  4. Up to $750 for each offense
Show the answer

A. Up to $1,000 for each offense — ORS 731.988(1).

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