Oklahoma life line
The Oklahoma life insurance exam.
The Oklahoma life insurance exam is 100 scored questions, about 5 unscored pretest questions, in 120 minutes, passing at 70 percent, $38 per attempt, administered by PSI Exams. We sell study materials and practice exams for it, written from the official Oklahoma outline. The first 20 study questions are free, and the full License Pass is $79, yours until you pass.
At a glance
| Exam | Oklahoma Life Producer Examination |
| Scored questions | 100 |
| Pretest questions | about 5 (unscored) |
| Time limit | 120 minutes |
| Passing score | 70 percent |
| Exam fee | $38 |
| Testing vendor | PSI Exams |
| Retake rules | You cannot rebook on the day you fail. You can call the next day and retest as soon as the day after, so if you fail on a Wednesday you can retest Friday, if a seat is open. Attempts are unlimited until you pass. A 31-day wait applies only to bail bond exams. |
| Prelicensing education | not required for the life line |
Checked against PSI Exams' official materials. Specs change, so confirm them when you register.
How to get your Oklahoma life insurance license
- 1
Meet the basics
Oklahoma sets its own age, background check and application rules. The Oklahoma insurance department lists them, so read them before you book.
- 2
Study the exam outline
Oklahoma does not require prelicensing education for the life line, so your preparation is the whole game. Study the official outline below and drill practice questions until every section holds.
- 3
Book the exam with PSI Exams
Register at PSI Exams, pick a test center or online proctoring where offered, and pay the $38 exam fee.
- 4
Pass the exam
Walk in knowing the format, 100 scored questions in 120 minutes, passing at 70 percent. About 57 percent of first-time life exam takers pass nationally (NAIC, 2025 results).
- 5
Apply for the license and get appointed
Submit the license application (fingerprints where required), then get appointed with carriers so you can write business.
What the Oklahoma exam covers
From the official exam outline, each section's share of the exam and how many of the 100 scored questions it earns.
| Section | Weight | Questions |
|---|---|---|
| Licensing | 6 percent | 6 questions |
| State Insurance Statutes, Rules, and Regulations | 19 percent | 19 questions |
| Provisions, Options, Exclusions, Riders, Clauses, and Rights | 28 percent | 28 questions |
| Life Products | 25 percent | 25 questions |
| Underwriting | 20 percent | 20 questions |
| Considerations in Replacing Insurance | 2 percent | 2 questions |
Free Oklahoma practice questions
Original questions written to the Oklahoma outline, the same bank our students drill. Tap a question to check the answer.
Question 1A student confuses the licensing purpose with the guaranty association purpose; which correctly distinguishes them?
- A. Licensing screens producers for competence, while the guaranty association protects policyholders if an insurer becomes insolvent
- B. Both exist to pay producer commissions
- C. Licensing pays claims when an insurer fails and the guaranty association tests agents
- D. Both are funded by consumer premium taxes for the same goal
Show the answer
Answer: A
Licensing screens and regulates producers, while the guaranty association steps in to cover certain claims when an insurer goes insolvent. Neither pays commissions, the roles in the third choice are reversed, and they are separate systems with different funding and goals.
Oklahoma Insurance Code, licensing purpose compared with guaranty association (Title 36)
Question 2Sofia passed her life exam but her fingerprint-based background check reveals a prior felony; how may this affect her Oklahoma license application?
- A. It has no effect once the exam is passed
- B. It automatically results in permanent lifetime denial in all cases
- C. It only matters for renewal, not initial licensing
- D. The Commissioner may deny the license based on the applicant's background
Show the answer
Answer: D
Background checks are part of the licensing process, and the Commissioner may deny an application based on disqualifying history. Passing the exam does not erase background review. Background review applies at initial licensing, not just renewal. Denial is not automatically permanent in all cases; the Commissioner evaluates the specific facts, so a blanket lifetime ban statement is incorrect.
Oklahoma Insurance Code, grounds for denial and background checks (Title 36)
Question 3How does a business entity, such as an agency, qualify to hold an Oklahoma insurance producer license?
- A. It must designate a licensed individual producer responsible for the entity's compliance
- B. Only a sole proprietor can be licensed, not a corporation or partnership
- C. It automatically becomes licensed when any employee passes the exam
- D. It must have at least ten licensed employees
Show the answer
Answer: A
A business entity can be licensed as a producer but must name a licensed individual who is responsible for the entity's compliance with insurance laws. Corporations, partnerships, and LLCs can all be licensed, not just sole proprietors. There is no ten-employee minimum. The entity does not become licensed automatically; it must apply and meet requirements including the designated responsible producer.
Question 4Diane Carter is a licensed resident producer who also wants to charge separate fees to advise clients on their life insurance planning; what must she do in Oklahoma?
- A. Convert her producer license into an adjuster license
- B. Give up her producer license before advising for fees
- C. Nothing, because her producer license already covers fee-based advice
- D. Obtain a consultant license in addition to her producer license
Show the answer
Answer: D
Charging separate advisory fees to the public is the consultant function, so Diane must add a consultant license to her producer license. Her producer license does not by itself authorize charging separate consulting fees. Converting to an adjuster license would take away her selling authority and does not permit consulting. She does not have to surrender her producer license, since a person may hold both.
36 O.S. producer and consultant license authority
Question 5Sandra holds appointments with three different life insurers in Oklahoma; what does this tell you?
- A. She may only be appointed by one insurer at a time
- B. A producer may hold appointments from more than one insurer at the same time
- C. Each new appointment cancels the prior one
- D. She must surrender her license for two of the three insurers
Show the answer
Answer: B
A producer can represent several insurers at once and therefore hold multiple appointments. There is no single-appointment limit, so the first choice is wrong. A new appointment does not wipe out earlier ones, so the third choice is wrong. Holding several appointments does not require giving up any part of the license, so the last choice is wrong.
Oklahoma Insurance Code, appointment of producers (36 O.S. Section 1435.13)
Take the free Oklahoma practice test, every question with the answer and the explanation
Oklahoma exam FAQs
How many questions are on the Oklahoma life insurance exam?
100 scored questions, plus about 5 unscored pretest questions mixed in, with 120 minutes on the clock.
What score passes the Oklahoma exam?
You need 70 percent to pass.
How much does the Oklahoma life insurance exam cost?
The exam fee is $38 per attempt, paid to PSI Exams. Licensing application and fingerprint fees are separate.
What happens if I fail the Oklahoma exam?
You cannot rebook on the day you fail. You can call the next day and retest as soon as the day after, so if you fail on a Wednesday you can retest Friday, if a seat is open. Attempts are unlimited until you pass. A 31-day wait applies only to bail bond exams. About 57 percent of first-time life exam takers pass nationally (NAIC, 2025 results). Failing once is common, and the fix is drilling the sections your score report names.
Does Oklahoma require prelicensing education before the exam?
No. Oklahoma does not require prelicensing education for the life line, which means how you study is up to you and practice exams carry more of the load.
What RingReady is, and is not
RingReady sells study materials and practice exams for the life insurance licensing exam. We are not a prelicensing education provider on any state's list, and practicing here does not by itself satisfy any state's education requirement.
If your state requires prelicensing education, you must complete it with a provider your state insurance department lists. The department publishes that list. What we do is help the questions feel familiar when you sit down for the real exam.
Practice the Oklahoma exam until it feels familiar.
Practice questions written to every section of the outline above, full timed practice exams matched to the real format (100 questions, 120 minutes), and a mastery map that shows what to study next.