Oklahoma Property & Casualty Insurance License Exam — All Questions

How is Oklahoma's auto insurance system best characterized with respect to the right to sue?

• a.A no-fault state that restricts auto injury lawsuits
• b.An add-on PIP state with mandatory first-party benefits
• c.A tort ('at-fault') state in which the injured party keeps the right to sue the at-fault driver✓
• d.A state with no financial-responsibility requirement

Oklahoma is a tort, or at-fault, state: it does not mandate no-fault PIP, so an injured person keeps the full right to sue the at-fault driver for damages. Compulsory liability coverage still applies under Oklahoma's Compulsory Insurance Law. Confirm current requirements with the Oklahoma Insurance Department.

Under Oklahoma's Compulsory Insurance Law, a private passenger auto must at minimum carry:

• a.Bodily-injury and property-damage liability coverage at the state minimum limits✓
• b.Only comprehensive coverage
• c.No coverage, because Oklahoma does not require auto insurance
• d.Collision coverage only

Oklahoma's Compulsory Insurance Law requires every registered vehicle to be covered by liability insurance meeting the state minimum bodily-injury and property-damage limits (or an approved alternative proof of financial responsibility). State law sets the specific minimum figures; verify the current minimum limits with the Oklahoma Insurance Department.

A client asks whether Oklahoma mandates no-fault personal injury protection (PIP) on every auto policy. The correct answer is:

• a.Yes, PIP is compulsory on every Oklahoma auto policy
• b.No, Oklahoma is an at-fault state and does not mandate no-fault PIP, though medical-payments coverage may be offered✓
• c.Yes, but only for commercial vehicles
• d.Oklahoma prohibits any first-party medical coverage

Oklahoma does not require no-fault PIP; it is a tort (at-fault) state, so first-party PIP is not compulsory. Insurers commonly offer optional medical-payments coverage, but the mandatory requirement is liability coverage at the state minimum limits. Confirm current requirements with the Oklahoma Insurance Department.