The Oklahoma Property Producer License
Oklahoma defines the Property line at 36 O.S. Sec. 1435.8(A)(3) as "insurance coverage for the direct or consequential loss or damage to property of every kind." It is a standalone line with its own PSI paper, and it pairs naturally with Casualty - the two together are what most producers eventually hold, whether bought as two single-line exams or as one combined paper.
Worth knowing before you choose: Oklahoma's statutory line list is longer than the NAIC model's, and two of the extras matter on the property side. Sec. 1435.8(A)(7) creates a separate Commercial lines authority - "property and casualty insurance coverage sold to businesses for primarily commercial purposes" - alongside the Personal lines authority at (A)(6). And Sec. 1435.8(A)(10) creates an Aircraft title insurance line, which few other states issue as a standalone line.
The path in is unusually short. 36 O.S. Sec. 1435.7(A) asks for age 18, competence and trustworthiness, no disqualifying conduct under Sec. 1435.13, the fees, and a passing exam score. Oklahoma requires no pre-licensing coursework and does not fingerprint producer applicants, so there is nothing to complete before you book.
One licensing rule that catches property producers specifically. 36 O.S. Sec. 1435.13a - captioned "Property and casualty insurance producers - Fiduciary duties" - treats premiums you hold in a fiduciary capacity, bars commingling with personal funds, and sets four separate clocks: remit collected premiums less commission by the contractual due date or, absent one, within 45 days of receipt; return unearned premiums to the person entitled within 30 days of receipt or credit; an insurer must report you to the Commissioner if your accounting is delayed more than 90 days; and an insurer must remit unearned premiums within 45 days of cancellation. The penalties are criminal and the felony threshold is startlingly low - a first offence involving $150 or less is a misdemeanour, and any amount exceeding $150, or any second offence, is a felony. Note the section's scope: it is captioned to property and casualty producers, so a national course teaching "all producers hold premiums in trust" overstates Oklahoma's statutory reach. And note what it does not do - it imposes a fiduciary character and an anti-commingling ban, but the text does not mandate a separately titled trust account.
Property Alone, or Property and Casualty Together
The standalone Property paper is 75 scored questions in 120 minutes at $38. The combined Property & Casualty paper is 150 scored questions in 150 minutes, also $38, and carries both lines.
The arithmetic is worth doing before you book. Two single-line papers cost $76 and take 240 minutes across two appointments, for 150 scored questions. The combined paper costs $38 and takes 150 minutes in one appointment, for the same 150 questions. The trade is pace: 96 seconds a question on the single-line papers against 60 on the combined. Property and Casualty are tied for the most time per question of the seven general-lines producer papers (the full grid also carries Title, Aircraft Title and Bail Bondsman) - Life, Accident & Health and Personal Lines all run 100 questions in 120 minutes, and the two combined papers run 150 in 150.
Neither count is published in the candidate bulletin. Near the end of the 7/1/2026 bulletin sits a table headed "Effective 8/1/2026" with two columns - License Type and Examination - whose rows are hyperlinks out to a separate content outline per exam, and the counts and time limits live only in those outline documents, on a different PSI domain. If a source quotes you an Oklahoma question count without naming the outline, check what it is quoting: the pre-2023 Prometric handbook is still live on the open web, and PSI replaced Prometric on 16 February 2023.
Passing is 70% correct - the bulletin says so in terms, "You must get 70% correct to pass," which makes it a raw percentage rather than a scaled score. On the Property paper that is 53 of the 75 scored items. Attempts are unlimited under open eligibility; you simply cannot rebook on the same day you tested.
Note also which exams Oklahoma does not run. There is no surplus lines producer exam and no standalone crop producer exam, and that is internally consistent rather than an omission: OAC 365:25-3-16 exempts surplus lines brokers and limited lines producers from examination altogether, so no exam exists because none is required.
Most Tested Topics on the Oklahoma Property Exam
Oklahoma's property law is unusually prescriptive in one place and unusually absent in another, and both are testable. From the TESTivity Oklahoma regulations curriculum, statute-verified:
| Concept | The Oklahoma rule |
|---|---|
| Standard fire policy, Oklahoma | Oklahoma prescribes one, in full statutory text. "The printed form of a policy of fire insurance as set forth in subsection G of this section shall be known and designated as the standard fire insurance policy to be used in the State of Oklahoma," and no fire policy may be issued on Oklahoma property "unless it shall conform as to all provisions, stipulations, agreements and conditions" with that form. There is an escape hatch: the Commissioner "may approve for use within the state any form of policy with variations in terms and conditions" (36 O.S. Sec. 4803) |
| Appraisal clause, Oklahoma fire risks | Statutory, not merely contractual, because it sits inside the prescribed form: where insured and insurer "fail to agree as to the actual cash value or the amount of loss, then, on the written demand of either, each shall select a competent and disinterested appraiser" (36 O.S. Sec. 4803(G)) |
| Proof of loss and payment, standard fire policy | Proof of loss due "within sixty days after the loss, unless such time is extended in writing by the Company"; the loss is "payable sixty days after proof of loss ... is received ... and ascertainment of the loss is made" (36 O.S. Sec. 4803(G)) |
| Suit limitation, standard fire policy | No action unless "commenced within twelve months next after inception of the loss." Twelve months from the loss, not from denial (36 O.S. Sec. 4803(G)) |
| Valued policy law, Oklahoma | Oklahoma does not have one, and the statute book says the opposite. 36 O.S. Sec. 4804 provides that "the company shall not be liable beyond the actual value of the insured property at the time of the loss or damage," with proportionate refund of the excess premium plus 6% interest. That is an anti-over-insurance rule - the structural inverse of a valued-policy statute (36 O.S. Sec. 4804) |
| Automatic increase in coverage, homeowner's | Oklahoma restricts inflation guard rather than authorising it: "No homeowner's policy shall automatically increase coverage ... unless the insured ... has been notified of the amount of increased replacement coverage not less than thirty (30) days prior to the renewal date," with an exception where the insured has given continuing written consent (36 O.S. Sec. 4808) |
| Residual property market, Oklahoma | No FAIR plan. What Oklahoma has is the Oklahoma Market Assistance Program (OK-MAP) under the Market Assistance Association Act - a market assistance mechanism rather than a pooled residual insurer - though it is not merely a referral service either, because Sec. 6414(A) empowers the Association to "require members to issue policies of insurance to applicants" and its plan of operation appoints members on a rotating basis with risk-sharing machinery. Membership is compulsory for "all insurers licensed in this state for both property and casualty lines," and the 2026 annual member assessment is a flat $150, due 1 September 2026 (36 O.S. Sec. 6413, Sec. 6414, Sec. 6422; OID Bulletin 2026-01) |
| The Association can be switched off, Oklahoma | A genuine dormancy provision: the Commissioner may dissolve the Market Assistance Association by written order if there is "no further need," and on a later re-determination of need gives companies "ninety (90) days to comply" (36 O.S. Sec. 6421) |
| Rate regulation, Oklahoma property | Competitive file-and-use - insurers file rates, loss costs and manual rules rather than obtaining prior approval. Watch the date on this one: HB 3781, approved 12 May 2026, changes the rate-filing process, and OID says the new file-and-use process "will become effective on 1 July 2027" (36 O.S. Sec. 981 et seq.; OAC 365:15-7; HB 3781) |
| Insurance credit scoring, Oklahoma personal property | Permitted but restricted. An insurer may not deny, cancel, nonrenew or rate a personal-lines policy solely on credit, and a scoring model may not use income, gender, address, ZIP code, ethnicity, religion, marital status or nationality (36 O.S. Sec. 953) |
| Mitigation grants, Oklahoma | The Strengthen Oklahoma Homes Act, effective 1 November 2024, funds retrofits to the IBHS FORTIFIED Roof, Silver or Gold standard "or successor designation," and improvements "shall include the hail supplement" - a requirement written for Oklahoma's peril profile. The applicant must occupy a single-family primary residence with a homestead exemption, obtain at least three bids from IBHS Certified Contractors, and show in-force wind and flood insurance; grant funds are paid directly to contractors (36 O.S. Sec. 971, Sec. 973, Sec. 975) |
| Surplus lines, Oklahoma placement test | The coverage must be unprocurable from admitted insurers before a broker may place it with an eligible unauthorized insurer - Sec. 1106's own test is that it "cannot be procured from admitted insurers after inquiry in the market available to the insurance producer." Note the words: an inquiry in the available market, not a documented count of declinations. The broker licence itself carries no examination - OAC 365:25-3-16 exempts surplus lines brokers - and a producer who acts before licensure has a 30-day cure: the penalty may be waived if OID "receives an application for licensure as a surplus lines broker within thirty (30) days from the effective date of the policy at issue" (36 O.S. Sec. 1100 et seq.; Sec. 1106; Sec. 1435.4) |
| Earthquake coverage, Oklahoma | No statutory mandatory-offer or disclosure requirement was located. What exists is OID consumer guidance: "a standard homeowner's policy does not cover earthquake damage"; insurers "may impose a waiting period anywhere from 72 hours to 60 days after an earthquake, depending on the magnitude"; and earthquake deductibles "are a percentage of the insured value of your home," not a flat dollar figure (OID, Earthquakes) |
The standard fire policy is where most candidates lose points, and they lose them by reasoning from the trend rather than reading the statute. The plausible answer - most states abandoned the mandatory standard fire form decades ago, so Oklahoma probably has none - is wrong. Oklahoma still prints the entire form in 36 O.S. Sec. 4803(G), and because the form is statutory, the provisions inside it are statutory too. That is why the appraisal clause is a matter of Oklahoma law here rather than a term of art from a policy jacket, and why either party can demand appraisal in writing. Learn the three numbers that live inside the form together: 60 days to render proof of loss, 60 days after proof before the loss is payable, and twelve months from inception of the loss to sue.
Then notice the collision the two 60-day clocks create, because it is exactly the kind of thing an exam writer likes. The prescribed form says the loss is payable sixty days after proof of loss. 36 O.S. Sec. 3629(B) independently requires the insurer to "submit a written offer of settlement or rejection of the claim to the insured within sixty (60) days of receipt of that proof of loss," and attaches consequences the form does not - a prevailing-party fee shift and 15% annual interest on the verdict. Two sixty-day clocks, two different instruments, two different consequences, running from the same event.
The absence questions are the third cluster, and Oklahoma splits them. Valued policy law: no - and you can say so with confidence here, not because nobody found one but because Sec. 4804 legislates the opposite, capping recovery at actual value and refunding the excess premium with 6% interest. FAIR plan: no - but do not stop at the negative, because the substitute has a name, a statute and an invoice. OK-MAP places risks with voluntary-market carriers - and can compel them to write, since Sec. 6414(A) lets the Association "require members to issue policies of insurance to applicants" - while a FAIR plan is a pooled residual insurer of last resort that writes the business itself. They are not the same animal, and the flat $150 annual assessment on every insurer licensed for both property and casualty is a memorable Oklahoma-only number - a membership assessment, not a penalty.
Where to Sit the Oklahoma Exam
Oklahoma is one of the states where the candidate bulletin prints the test centres in full rather than pushing you to a scheduler and hoping. Fifteen PSI sites across eleven cities - Oklahoma City has three and Tulsa has three, addresses included, printed in the 7/1/2026 bulletin itself:
| City | Address |
|---|---|
| Ardmore | 2610 Sam Noble Parkway, Ardmore, OK 73401 (Southern Tech) |
| Durant | 1802 Chukka Hina Drive, Durant, OK 74701 |
| Enid | 1201 West Willow Road, Enid, OK 73703 |
| Lawton | 4500 West Lee Boulevard, Lawton, OK 73505 |
| McAlester | 21 East Carl Albert Parkway, McAlester, OK 74501 |
| Norman | 4701 12th Avenue NW, Norman, OK 73070 |
| Oklahoma City | 3800 North Classen Boulevard, Oklahoma City, OK 73118 |
| Oklahoma City | 2400 South Vermont Avenue, Oklahoma City, OK 73108 |
| Oklahoma City | 13301 S. Pennsylvania Avenue, Oklahoma City, OK 73170 |
| Ponca City | 2101 North Ash, Ponca City, OK 74601 |
| Tulsa | 9810 East 42nd Street, Tulsa, OK 74146 |
| Tulsa | 2840 East 51st Street, Tulsa, OK 74105 |
| Tulsa | 200 Lear Jet Lane, Tulsa, OK 74132 |
| Weatherford | 1001 North 7th Street, Weatherford, OK 73096 |
| Woodward | 1915 Oklahoma Avenue, Woodward, OK 73801 |
The bulletin adds that "PSI has examination centers in many other regions across the United States," which matters if you live near a border - an Oklahoma exam can be sat at a PSI site in another state.
Check the list, not a secondary source. OID's own 2023 announcement of the PSI contract still describes "thirteen PSI testing centers" and omits Ardmore and Durant; the network has grown since and the OID page has not been updated. The bulletin is the current document.
Booking. You schedule directly with PSI - through the Oklahoma candidate portal at test-takers.psiexams.com/okins or by phone - and you choose your format at the same time: a test centre or a remote proctor. Both formats cost $38 and carry identical question counts, time limits and passing standards. The Health guide walks the remote option in detail.
Rescheduling and cancelling. PSI must receive your cancellation notice at least two days before the scheduled date. Miss that and you forfeit the entire examination fee. You also forfeit it if you fail to appear, if you are not checked in by your scheduled start time, or if you cannot present proper identification. Voicemail and email are not accepted channels for a cancellation.
On the day. Arrive 15 minutes before your appointment. Bring one form of identification, "government issued, current and include your name, signature, and photograph" - no temporary identification of any kind is accepted. The list runs eight items and a state driver's licence is the first of them; a passport, passport card, military ID, national or state identification card, US Department of State driver's licence, a plastic-card learner's permit with photo and signature, and an alien registration card round it out.
What you cannot bring in. Reference materials of any kind; all electronic devices including phones, cameras, tablets and smartwatches; bulky clothing; backpacks, briefcases, purses and wallets; notebooks and pens; reading materials; food, drinks and gum; smoking products. Religious headgear is the stated exception. The prohibited-conduct list runs alongside it: no giving or receiving assistance, no copying content, no outside resources, no internet browsing, no reading questions aloud, no leaving without approval, no instant messaging, no photographing anything, and nothing that obstructs the proctor's view.
Afterwards. PSI notifies OID of a pass electronically within 48 hours, and you should allow 3 business days before filing your application so the result posts to NIPR and SBS. Fail, and you cannot rebook the same day - but you can call the next day and sit again as early as the day after that, space permitting. (Bail Bondsman is the one exception in the Oklahoma programme: a failed bail bond exam cannot be rescheduled for 31 days.)
What the Oklahoma Property License Costs
$38 for the Property exam and $60 for the biennial resident producer license, plus NIPR's transaction fee at checkout. About $98 on a first-attempt pass.
Nothing else is required. Oklahoma mandates no pre-licensing education for producers and does not fingerprint producer applicants, so there is no course to buy and no print fee to pay.
If you expect to need Casualty as well, the combined Property & Casualty paper is the same $38 and carries both lines - $38 cheaper than two single-line papers and one fewer appointment.
36 O.S. Sec. 1435.23 caps any Oklahoma insurance examination fee at "not to exceed One Hundred Dollars ($100.00)," so $38 sits comfortably below the statutory ceiling. Adjuster exams run $20; Bail Bondsman is the only Oklahoma exam at the $100 cap.
Renewal is $60 every two years. A late or incomplete renewal costs "double the current original license fee" - $120 - rather than a flat late charge.
Eligibility Requirements
36 O.S. Sec. 1435.7(A) sets four findings: at least 18; no act constituting a ground under Sec. 1435.13; fees paid; and the examinations passed for the lines applied for. The character test - "competent, trustworthy, financially responsible, and of good personal and business reputation" - is in subsection C.
There is no pre-licensing requirement, no fingerprint requirement and no criminal-history record check for a resident producer. NIPR's Oklahoma resident checklist does not use the word "fingerprint" at all, and Sec. 1435.7(A)'s list of findings contains no screening step. What Oklahoma runs instead is the Uniform Application's background questions, with documents uploaded through NIPR's Attachments Warehouse where any answer is "yes."
If a felony involving dishonesty or breach of trust is in your history, 36 O.S. Sec. 402 bars you from the business of insurance unless you hold "the written consent of the Insurance Commissioner." OID processes that as a 1033 Waiver, decided by a 1033 Review Committee in the order applications are received, and approval comes before you sit the exam. The civil penalty for acting without it is "not more than Ten Thousand Dollars ($10,000.00) for each act of violation and for each day of violation" - a conjunctive operator that stacks two ways.
Oklahoma grants no designation-based exam waiver. Neither 36 O.S. Sec. 1435.10 nor OAC 365:25-3-16 names CPCU, AAI, ARM, CIC, ACSR, CPSR or any other designation. The complete exemption list in the rule is limited lines producers; surplus lines brokers; an aircraft title producer who held a title insurance producer licence before 1 November 2006; a producer licensed in another state who moves here and applies within 90 days of establishing legal residence; and federally certified multi-peril crop adjusters, who may obtain a crop/hail or multi-peril crop licence on presentation of the federal certification.
There is also no published line-to-line credit between Property & Casualty and Personal Lines in either direction. Oklahoma prices them as separate exams, and Sec. 1435.8 lists Personal lines and Commercial lines as distinct authorities. That said, this is an absence rather than a stated rule - the bulletin has no exemption section at all - so confirm with OID Licensing if you are relying on it.
Keeping the Oklahoma Property License
Important CE details: 24 credit hours every two years. Oklahoma splits them 19 general + 3 ethics + 2 legislative update, and the split is worth knowing because it is not all in one place: 36 O.S. Sec. 1435.29(A)(1) requires "not less than twenty-one (21) clock hours" plus "three (3) clock hours of ethics," and the 2-hour state-or-federal legislative update comes from the rule, OAC 365:25-3-1(d)(4), carved OUT of the statutory 21 rather than added on top. Read only the statute and you will never learn the legislative-update requirement exists. Up to 6 excess hours carry forward as general hours to the next 24-month period, and excess hours may be applied to bring a lapsed license into compliance. There is no cap on self-study or online delivery, and no exemption keyed to age or years licensed - the exceptions in OAC 365:25-3-1(c) are limited lines producers and qualifying nonresidents only, plus, in the statute, sitting members of the Legislature. The Commissioner may grant up to a 12-month extension for disability, natural disaster or other extenuating circumstances if you ask in writing at least 30 days before the period ends, and that extension does not move the next cycle's due date. Finish CE at least 30 days before your expiration date; OID tells licensees an expired license cannot be renewed at all.
Biennial, expiring the last day of your birth month, 24 CE hours per cycle - 19 general, 3 ethics, 2 legislative update. Renewal opens roughly 90 days out and is online only.
No product-specific training gate attaches to the Property line in the way the annuity and long-term care gates attach to Life and Accident & Health - those two need a Life line, or a Life or an Accident & Health line, respectively. There is no flood training requirement either: the one-hour flood CE requirement was removed effective 15 September 2019, and flood courses now count only as general elective credit. There is no wind or hail training mandate.
And Oklahoma has an earthquake CE hour that almost nothing published mentions. OAC 365:25-3-1(d)(5): "Beginning January 1, 2015, each resident insurance producer with a property line of authority shall complete one (1) hour of continuing education credit in the topic of earthquake insurance as part of the continuing education credit hours required each twenty-four month period." It is not an extra hour - it sits inside the 24, as one of your 19 general hours - and OID's 2014 notice put it the same way: the requirement "will be included in the 24 hours ... as general credits." Worth knowing that OID's own CE summary page omits it; the rule text is what controls. It is the only peril-specific CE requirement Oklahoma has, and it exists for the same reason the state's wastewater-injection seismicity does.
The rule to watch on this side of the house is the fiduciary one, because it applies to you by name. 36 O.S. Sec. 1435.13a is captioned "Property and casualty insurance producers - Fiduciary duties - Violation - Punishment," and its remittance clocks are enforceable: premiums to the insurer by the contractual due date or, absent one, within 45 days; return premiums to the person entitled within 30 days. Conversion of more than $150 is a felony carrying up to $5,000 and five years.
Record-keeping is three years. Sec. 1435.13(E) requires the "usual and customary records pertaining to transactions authorized by the license" to be kept at your place of business and open to the Commissioner "during the three (3) years immediately following the date of completion of the transaction." The same subsection contains a cost provision that is not a penalty and is easy to misread as one: the Commissioner may require a financial or market conduct examination during an investigation, and "the cost of such examination shall be apportioned among all of the appointing insurers of the licensee." The bill lands on your insurers, not on you.
If it lapses: reinstatement without re-examination within twelve months of the renewal due date, at double the unpaid renewal fee, under 36 O.S. Sec. 1435.8(C). OID runs it as a fresh initial application - it states that "an expired license may not be renewed" - and you must be CE compliant at least 48 hours before submitting. NIPR adds two operational details, both stated on its Oklahoma non-resident requirements page rather than the resident one: a licence "stay[s] active up to three (3) days past expiration," and the "reinstatement period starts on the 4th day after expiration up to one (1) year" - after which "applicant must apply as new."
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