Home / States / Oregon

Oregon life and health practice exam

Free life and health practice for the Oregon producer exam: 273 general questions plus 18 Oregon state law questions, each with an explanation.

Oregon state law questions

Every Oregon question with its answer, explanation, and the law it comes from.

State laws change. Always confirm details with the Oregon insurance department and your exam's content outline.

Producer Regulation

3 questions

1. Which agency regulates insurance and protects insurance consumers in Oregon?

  1. Oregon Insurance Commission
  2. Oregon Department of Revenue
  3. Division of Financial Regulation within the Department of Consumer and Business Services
  4. Oregon Secretary of State Corporation Division
Show answer
C. Division of Financial Regulation within the Department of Consumer and Business Services
Oregon's Division of Financial Regulation, part of the Department of Consumer and Business Services, regulates insurance in Oregon.
Source: Oregon Division of Financial Regulation (home page)

2. An Oregon producer changes the address of the principal place of business. How soon must the producer notify the Director?

  1. Within 10 days
  2. Within 60 days
  3. Not later than the 30th day after the change
  4. At the next license renewal
Show answer
C. Not later than the 30th day after the change
ORS 744.068(4) requires notice to the Director not later than the 30th day after a change of address or telephone number.
Source: ORS 744.068 (Producer notification of changes)

3. An insurer terminates its contract with an Oregon producer. When must the insurer notify the Director of DCBS?

  1. Not later than the 30th day after the effective date of the termination
  2. Within 5 business days
  3. Within 90 days
  4. Only if the termination was for cause
Show answer
A. Not later than the 30th day after the effective date of the termination
ORS 744.079(1) requires the insurer to notify the Director not later than the 30th day after the effective date of the termination.
Source: ORS 744.079 (Termination of producer relationship)

Licensing and CE

4 questions

1. What is the minimum age to qualify for a resident individual insurance producer license in Oregon?

  1. 18
  2. 16
  3. 19
  4. 21
Show answer
A. 18
Under ORS 744.059, an applicant must be at least 18 years of age.
Source: ORS 744.059 (Qualifications for resident producer license)

2. When is the renewal fee for an Oregon insurance producer license first due?

  1. On the first anniversary of the license issue date
  2. On the last day of the month in which the second anniversary of the initial issuance date occurs
  3. On the applicant's birthday each year
  4. Every three years on December 31
Show answer
B. On the last day of the month in which the second anniversary of the initial issuance date occurs
ORS 744.072 makes the renewal fee due on the last day of the month in which the second anniversary of the initial issuance date occurs, and every second anniversary after that.
Source: ORS 744.072 (License renewal; continuing education)

3. How many hours of continuing education must an Oregon resident insurance producer complete in each renewal cycle?

  1. 12 hours every year
  2. 36 hours every three years
  3. 48 hours every two years
  4. 24 hours every two years
Show answer
D. 24 hours every two years
The Division of Financial Regulation requires 24 hours of CE credit for each two-year renewal cycle.
Source: DFR Continuing education requirements

4. Of the CE hours required in each Oregon renewal cycle, how many must be in professional ethics?

  1. 1 hour
  2. At least 3 hours
  3. At least 6 hours
  4. None
Show answer
B. At least 3 hours
At least three of the 24 CE hours each two-year cycle must be professional ethics.
Source: DFR Continuing education requirements

Life Policy Provisions

4 questions

1. What grace period must an Oregon life insurance policy allow for payment of premiums after the first (non-industrial policy)?

  1. 10 days
  2. 31 days only
  3. 60 days
  4. 30 days, or at the insurer's option one month of not less than 30 days
Show answer
D. 30 days, or at the insurer's option one month of not less than 30 days
ORS 743.165 requires a grace period of 30 days, or at the insurer's option one month of not less than 30 days, during which the policy stays in force.
Source: ORS 743.165 (Grace period)

2. Under Oregon law, a life policy becomes incontestable (except for nonpayment of premium) after it has been in force during the insured's lifetime for:

  1. One year from the date of issue
  2. Two years from the date of issue
  3. Three years from the date of issue
  4. Five years from the date of issue
Show answer
B. Two years from the date of issue
ORS 743.168 requires the policy to be incontestable after it has been in force for two years from its date of issue during the insured's lifetime, except for nonpayment of premiums.
Source: ORS 743.168 (Incontestability)

3. An Oregon ordinary life policy lapsed for nonpayment and was not surrendered. Within what period after default may the owner apply for reinstatement?

  1. Not more than one year
  2. Not more than two years
  3. Not more than three years
  4. Not more than five years
Show answer
C. Not more than three years
ORS 743.189 allows reinstatement if not more than three years have elapsed since default (two years for industrial life), subject to evidence of insurability and payment of arrears with interest.
Source: ORS 743.189 (Reinstatement)

4. If an Oregon life insurer does not pay death proceeds within a certain time after receiving due proof of death, it must pay interest. What is that time?

  1. 30 days
  2. 10 days
  3. 60 days
  4. 90 days
Show answer
A. 30 days
ORS 743.192(2) requires interest on money due and unpaid after expiration of the 30-day period following receipt of due proof of death.
Source: ORS 743.192 (Payment of claim; interest)

Medicare Supplement

1 questions

1. How long does an Oregon Medicare supplement policyholder have to return the policy for a full premium refund?

  1. 10 days from delivery
  2. 20 days from delivery
  3. 60 days from delivery
  4. 30 days from delivery
Show answer
D. 30 days from delivery
ORS 743.686 gives the policyholder the right to return the policy within 30 days of delivery and have the premium refunded if not satisfied for any reason.
Source: ORS 743.686 (Medicare supplement right to return)

Replacement

1 questions

1. According to the Oregon Division of Financial Regulation, what free look period does Oregon law require when a life insurance policy or annuity replaces existing coverage?

  1. 10 days
  2. 30 days
  3. 45 days
  4. No free look applies to replacements
Show answer
B. 30 days
DFR's consumer guide states that Oregon law requires a 30-day free look period when you are replacing existing coverage.
Source: DFR Your Rights When Purchasing Insurance and Annuities (form 4106)

Unfair Trade Practices

2 questions

1. Under Oregon's rebating law, a person may give promotional items to someone other than a health insurance insured if the aggregate value is not more than:

  1. $25 per transaction
  2. $50 per policy
  3. $100 in a calendar year
  4. $250 in a calendar year
Show answer
C. $100 in a calendar year
ORS 746.045(3) permits prizes, goods or other property with an aggregate value of not more than $100 in a calendar year to a person other than one to whom the insurer issues health insurance.
Source: ORS 746.045 (Rebates and inducements)

2. A producer misrepresents a life policy's benefits to persuade the owner to lapse it and buy a new one. Which Oregon statute is most directly violated?

  1. ORS 746.075, prohibiting misrepresentation to induce a lapse, forfeiture or surrender
  2. ORS 743.165, the grace period law
  3. ORS 744.068, producer notice of changes
  4. ORS 743.686, Medicare supplement right to return
Show answer
A. ORS 746.075, prohibiting misrepresentation to induce a lapse, forfeiture or surrender
ORS 746.075 prohibits misrepresentation in connection with inducing a life policyowner to lapse, forfeit, surrender, exchange or convert a policy (commonly called twisting).
Source: ORS 746.075 (Misrepresentation; inducing lapse or surrender)

Guaranty Association

1 questions

1. What is the Oregon Life and Health Insurance Guaranty Association's coverage limit for life insurance death benefits?

  1. $100,000
  2. $250,000
  3. $500,000
  4. $300,000
Show answer
D. $300,000
The Division of Financial Regulation lists the guaranty association limit for life insurance death benefits as $300,000.
Source: DFR Oregon Life and Health Guaranty Association

Health Policy Provisions

2 questions

1. Under ORS 743A.100, a health benefit plan must cover an annual screening mammogram for an individual of what age?

  1. 40 years of age or older
  2. 35 years of age or older
  3. 50 years of age or older
  4. Any age, only with a doctor's referral
Show answer
A. 40 years of age or older
ORS 743A.100(1)(b) requires coverage of an annual mammogram for an individual 40 years of age or older, with or without a referral.
Source: ORS 743A.100 (Mammograms)

2. An Oregon health plan covers family members. When must coverage for a newborn child of the insured begin?

  1. After the child is 31 days old
  2. From the moment of birth
  3. On the first day of the next month
  4. When the first premium for the child is paid
Show answer
B. From the moment of birth
ORS 743A.090 requires benefits for children to be payable for a child of the insured from the moment of birth.
Source: ORS 743A.090 (Coverage of natural and adopted children)

Keep studying

The general topics make up most of the exam.

General ConceptsLifePolicy TypesLifeProvisions, Options, and RidersLifeUnderwriting and DeliveryLifeAnnuitiesLifeTaxes, Retirement, and Business UsesLifeInsurance BasicsLifePlan Types and BasicsHealthUniform Mandatory ProvisionsHealthOptional ProvisionsHealthRenewabilityHealthDisability IncomeHealthMedical Expense and ContinuationHealthGroup Insurance and AD&DHealthMedicare, Medicaid, and LTCHealthFederal Health LawsHealth

Oregon exam questions

How much of the Oregon life and health exam is state law?

State law is usually around 20 to 30 percent of a state's producer exam. Check the Oregon candidate handbook from your testing provider for the exact content outline.

What does the Oregon state law section cover?

Common areas include licensing and continuing education, required policy provisions, replacement rules, and the guaranty association. This page covers: producer regulation, licensing and ce, life policy provisions, medicare supplement, replacement, unfair trade practices, guaranty association, health policy provisions.

Where do these state questions come from?

Each state question is written from the state's statutes, regulations, or insurance department guidance, and the source is linked under the answer so you can read it yourself.

Do I still need the general questions?

Yes. Most of the exam is general life and health knowledge. The full exam option here mixes 273 general questions with the Oregon state law questions.