Oregon property and casualty practice exam
Free property and casualty practice for the Oregon producer exam: 367 general questions plus 9 Oregon state law questions, each with an explanation.
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Getting your Oregon property and casualty license
Oregon's combined property and casualty exam costs $55 through PSI, and you need 20 hours of pre-licensing per line before the exam. You need 70 percent to pass.
- Exam provider
- PSI
- Exam fee
- Property or casualty alone: $45. Combined property and casualty: $55.
- Exam length
- Property (12-12): 100 questions, 2 hours. Casualty (12-13): 100 questions, 2 hours. Combined property and casualty (12-04): 150 questions, 2 hours 40 minutes.
- Passing score
- 70 percent
- Pre-licensing education
- 20 hours per line (property, casualty), finished before the exam. The certificate is valid for one year.
- Retakes
- Unlimited attempts within the one-year certificate period. Bring your certificate each time, and you cannot book the same day.
How to plan your retake
Retake rules by state - Fingerprints
- You can be fingerprinted at a PSI Oregon site on exam day for $61.25
- Continuing education
- 24 hours each 2-year renewal cycle, including at least 3 hours of ethics
Official links
- Oregon Division of Financial Regulation - official state insurance department
- PSI, Oregon Insurance Licensing Candidate Information Bulletin (Aug 2025) - exam provider information
Licensing facts checked on , against official sources. Fees and rules change, so confirm with the Oregon Division of Financial Regulation and your exam's candidate handbook before you register.
Oregon state law questions
Every Oregon question with its answer, explanation, and the law it comes from.
Licensing and CE
3 questions
1. How many CE hours does an Oregon insurance agent need each two-year renewal cycle, and how many must be professional ethics?
- 24 hours, including at least 3 hours of ethics
- 24 hours, with no ethics requirement
- 30 hours, including at least 6 hours of ethics
- 20 hours, including at least 2 hours of ethics
Show answer
Oregon requires 24 hours each cycle, with at least three hours in professional ethics.
2. Of the 24 CE hours an Oregon agent must complete, at least how many must cover Oregon statutes and administrative rules?
- 1 hour
- 3 hours
- 6 hours
- 12 hours
Show answer
At least 3 hours must cover Oregon statutes and rules, including recent changes.
3. What is the most agency management CE credit an Oregon agent may count toward a renewal?
- 2 hours
- 8 hours
- 12 hours
- 4 hours
Show answer
Oregon limits agency management credit to 4 hours, and no more than 8 hours of credit may be claimed in any one day.
Auto Insurance
1 question
1. What are the minimum liability limits under ORS 806.070 for Oregon financial responsibility?
- $15,000 per person, $30,000 per accident, and $10,000 property damage
- $20,000 per person, $40,000 per accident, and $20,000 property damage
- $25,000 per person, $50,000 per accident, and $20,000 property damage
- $25,000 per person, $50,000 per accident, and $25,000 property damage
Show answer
ORS 806.070(2) sets $25,000 per person and $50,000 per accident for bodily injury or death, and $20,000 for property damage.
Guaranty Association
2 questions
1. For insolvencies on or after January 1, 2025, what is the cap on the Oregon Insurance Guaranty Association's obligation for a covered claim under ORS 734.570?
- $100,000
- $300,000
- $500,000
- $600,000
Show answer
ORS 734.570(1)(b) sets a $600,000 cap for later insolvencies, while the earlier $300,000 limit applies to insolvencies through December 31, 2024.
2. How does the Oregon Insurance Guaranty Association treat covered claims arising from workers compensation policies?
- Capped at $300,000
- Capped at $600,000
- Paid in full, less amounts the Workers' Benefit Fund pays
- Excluded from coverage
Show answer
ORS 734.570(1)(c) pays the full amount of a covered workers compensation claim, reduced by any Workers' Benefit Fund payment.
Residual Markets
2 questions
1. Under ORS 735.065, the maximum assessment on a member insurer by the Oregon FAIR Plan Association is what share of net direct written premiums for the second preceding year?
- 2 percent
- 0.5 percent
- 5 percent
- 10 percent
Show answer
ORS 735.065(3) sets a 2 percent maximum with a $50 annual minimum, and insurers get at least 30 days notice.
2. How is the Oregon FAIR Plan Association's board made up under ORS 735.055?
- Nine members, all chosen by the Governor
- Five chosen by member insurers and four by the Governor
- Seven chosen by member insurers and two by the Governor
- Five chosen by the Director and four by member insurers
Show answer
ORS 735.055 provides five members chosen by member insurers, subject to director approval, and four by the Governor, with terms of up to four years.
Claims Practices
1 question
1. Which is listed as an unfair claim settlement practice in ORS 746.230?
- Requesting proof of loss on a claim
- Investigating a claim before denying it
- Explaining the basis for a denial
- Attempting to settle claims for less than a reasonable person would believe is owed
Show answer
ORS 746.230(1)(h) bars attempting to settle for less than the amount a reasonable person would believe the claimant was entitled to.
Key Oregon terms
15 plain-English cards on Oregon insurance law, from the Oregon flashcard deck.
Licensing and CE
- Oregon resident agent CE cycle
- Each two-year renewal cycle requires 24 credits, including at least three professional ethics hours.
- Oregon state-law CE minimum
- At least three hours per cycle must cover Oregon statutes and administrative rules, including recent changes.
- Oregon agency management CE cap
- No more than four approved agency management hours may count toward the cycle.
- Oregon daily CE credit ceiling
- A producer may claim no more than eight CE credit hours in one day.
- Oregon CE completion due date
- Hours are due by the last day of the renewal month; the division recommends becoming compliant earlier.
- Oregon CE provider reporting interval
- Providers have 15 days to enter credits, so last-minute completion can delay renewal.
- Oregon property or casualty prelicensing hours
- Resident candidates need 20 hours for each line before the required examination, unless exempt.
- Oregon prelicensing certificate validity
- The certificate lasts one year; candidates must pass the exam and apply for licensure before it expires.
- Oregon insurance exam passing score
- Property and casualty licensing exams require 70 percent correct to pass.
- Oregon fingerprint validity period
- Submitted fingerprints expire six months after the printing date.
- Oregon existing-license fingerprint exemption
- A holder of a valid Oregon insurance license adding another class does not need new fingerprints.
- Oregon failed-exam booking restriction
- A new exam appointment cannot be booked on the same day the prior examination was taken.
- Oregon property and casualty examination fees
- The combined examination costs $55; property alone or casualty alone costs $45.
- Oregon CPCU prelicensing exemption
- Property and casualty applicants with CPCU are exempt from prelicensing education; submit designation verification with the application.
- Oregon insurance examination provider
- The Division of Financial Regulation contracts with PSI to administer the state's insurance licensing exams.
Keep studying
The general topics make up most of the exam.
Oregon exam questions
How many pre-licensing hours does Oregon require for property and casualty?
20 hours for property and 20 hours for casualty, finished before the exam. The certificate expires one year from the day it is issued.Source: PSI, Oregon Insurance Licensing Candidate Information Bulletin (Aug 2025)
How much does the Oregon property and casualty exam cost?
$55 for the combined exam, or $45 for property or casualty alone.Source: PSI, Oregon Insurance Licensing Candidate Information Bulletin (Aug 2025)
How many times can I retake the Oregon exam?
As many as you need within the one-year certificate period. After that, you retake the pre-licensing course.Source: PSI, Oregon Insurance Licensing Candidate Information Bulletin (Aug 2025)
How much of the Oregon property and casualty 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, auto liability minimums, cancellation and nonrenewal notice rules, and the guaranty fund. This page covers: Licensing and CE, Auto Insurance, Guaranty Association, Residual Markets, Claims Practices.
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 property and casualty knowledge. The full exam option here mixes 367 general questions with the Oregon state law questions.