Key Takeaways
- Oregon P&C exam has 150 multiple-choice questions with a 2.5-hour time limit and 70% passing score
- Oregon requires 20 hours of pre-licensing education before taking the exam
- The Oregon Division of Financial Regulation oversees all insurance licensing and regulation
- Oregon uses a modified tort system for auto insurance with 25/50/20 minimum liability limits
- Continuing education requirement is 24 hours every 2 years including 3 hours of ethics
Oregon Property & Casualty Insurance Exam
national Property & Casualty insurance conceptsFree exam prep with practice questions & AI tutor
Exam Format
The Oregon Property & Casualty insurance licensing exam tests your knowledge of Oregon insurance laws, regulations, and practices.
| Exam Detail | Information |
|---|---|
| Total Questions | 150 multiple-choice |
| Time Limit | 2.5 hours (150 minutes) |
| Passing Score | 70% (105 correct answers) |
| Cost | $70 exam fee + $170 license fee |
| Format | Computer-based at PSI testing centers |
| Scheduling | Schedule through PSI/Oregon DFR portal |
Pre-Licensing Requirements
Before taking the Oregon P&C exam, you must:
-
Complete 20 hours of approved pre-licensing education
- Must be completed through Oregon-approved provider
- Covers Oregon insurance law and regulations
- Certificate valid for 12 months
-
Pass background check
- FBI and state criminal history check
- Fingerprinting required
-
Be at least 18 years old
-
Submit license application through NIPR
- National Insurance Producer Registry online portal
Exam Content Areas
The Oregon P&C exam covers these major areas:
| Topic Area | Weight | Key Topics |
|---|---|---|
| Oregon Insurance Regulation | 15% | Division of Financial Regulation, Insurance Code ORS 731-746, licensing |
| Property Insurance | 25% | Homeowners policies, dwelling policies, commercial property, Oregon FAIR Plan |
| Auto Insurance | 35% | Oregon's 25/50/20 requirements, UM/UIM, PIP optional, assigned risk |
| Casualty & Liability | 15% | General liability, workers' compensation, professional liability |
| Ethics & Conduct | 10% | Oregon producer duties, unfair trade practices, consumer protection |
Exam Tip: Oregon's auto insurance laws and property insurance requirements make up 60% of the exam. Focus heavily on these areas!
Oregon's Unique Insurance Features
1. Modified Tort Auto Insurance System
- Minimum Liability: 25/50/20 (bodily injury per person/per accident/property damage)
- UM/UIM Coverage: Required to be offered, can be rejected in writing
- PIP Coverage: Optional (not mandatory like in no-fault states)
2. Oregon FAIR Plan
- Provides property insurance to high-risk properties
- Covers fire, lightning, explosion, windstorm, hail
- Available when standard market coverage is unavailable
3. Earthquake Insurance Requirements
- Oregon is in a seismic zone
- Insurers must offer earthquake coverage
- Separate deductible (typically 10-20%)
Continuing Education (CE)
After passing the exam, Oregon licensed producers must complete:
- 24 hours of CE every 2 years
- 3 hours must be ethics
- Can include Oregon-specific or national courses
- License renewal by birth date every 2 years
- CE must be completed before renewal deadline
Oregon Division of Financial Regulation (DFR)
The Oregon Division of Financial Regulation regulates insurance:
- Website: https://dfr.oregon.gov/
- Phone: 503-947-7980
- Email: dfr.info@oregon.gov
- Location: 350 Winter St NE, Salem, OR 97301
DFR Responsibilities:
- License insurance producers and companies
- Review and approve policy forms and rates
- Investigate consumer complaints
- Enforce Oregon Insurance Code (ORS 731-746)
- Protect Oregon consumers
Study Tips for Oregon P&C Exam
-
Master Oregon-Specific Laws
- Focus on ORS 731-746 (Oregon Insurance Code)
- Know Oregon auto insurance minimums (25/50/20)
- Understand UM/UIM offer requirements
-
Know Property Insurance Details
- Oregon FAIR Plan provisions
- Earthquake insurance requirements
- Homeowners policy coverage in Oregon
-
Practice Calculations
- Liability limits scenarios
- Coinsurance calculations
- Premium calculations with Oregon rates
-
Review Ethics Thoroughly
- Fiduciary duties
- Disclosure requirements
- Unfair trade practices
Success Strategy: Take practice exams that focus on Oregon-specific content. National P&C knowledge is essential, but Oregon law questions will determine your pass/fail score.
Next Steps After Passing
- Receive exam results immediately at test center
- Submit license application through NIPR
- Pay $170 license fee
- Receive license typically within 7-10 business days
- Appoint with insurance companies (E&O insurance recommended)
Important Oregon Insurance Terms
- ORS: Oregon Revised Statutes (state law)
- OAR: Oregon Administrative Rules (DFR regulations)
- DFR: Division of Financial Regulation
- FAIR Plan: Fair Access to Insurance Requirements
- UM/UIM: Uninsured/Underinsured Motorist Coverage
- PIP: Personal Injury Protection (optional in Oregon)
Ready to dive in? Start with Chapter 1: Oregon Insurance Regulation & Licensing to learn about Oregon's regulatory framework.