Oklahoma Life Producer examination (PSI; outline titled "OK LIFE PRODUCER")

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%, $38 per attempt, administered by PSI Exams. We sell study materials and practice exams for it, written from the official Oklahoma outline. The first questions are free, and the full License Pass is $149, yours until you pass. Below are the licensing steps, exactly what the exam covers, and free practice questions written to this state's outline.

At a glance

ExamOklahoma Life Producer examination (PSI; outline titled "OK LIFE PRODUCER")
Scored questions100
Pretest questionsabout 5 (unscored)
Time limit120 minutes
Passing score70% correct
Exam fee$38
Testing vendorPSI Exams
Retake rulesNo same-day rebooking; call the next day and retest as soon as the day after (e.g., fail Wednesday, retest Friday), space permitting. Open eligibility - unlimited attempts until you pass (31-day wait applies only to Bail Bond exams).
Prelicensing educationnot required for the life line

Verified against official PSI Exams materials, Life outline effective 8/1/2026; PSI Candidate Information Bulletin dated 7/1/2026 (Copyright 2026), linked from https://test-takers.psiexams.com/api/content/bulletin/10769. Specs change; confirm when you register.

How to get your Oklahoma life insurance license

  1. 1

    Meet the basics

    Be 18 or older and able to pass the background screening. Oklahoma handles licensing through the NIPR system like most states.

  2. 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. 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. 4

    Pass the exam

    Walk in knowing the format, 100 scored questions in 120 minutes, passing at 70%. About 62% of first-time life exam takers pass nationally (NAIC, latest published data).

  5. 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.

SectionWeightQuestions
Licensing6%6 questions
State Insurance Statutes, Rules, and Regulations19%19 questions
Provisions, Options, Exclusions, Riders, Clauses, and Rights28%28 questions
Life Products25%25 questions
Underwriting20%20 questions
Considerations in Replacing Insurance2%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 1

A student confuses the licensing purpose with the guaranty association purpose; which correctly distinguishes them?

  1. A. Licensing screens producers for competence, while the guaranty association protects policyholders if an insurer becomes insolvent
  2. B. Both exist to pay producer commissions
  3. C. Licensing pays claims when an insurer fails and the guaranty association tests agents
  4. 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 2

Sofia passed her life exam but her fingerprint-based background check reveals a prior felony; how may this affect her Oklahoma license application?

  1. A. The Commissioner may deny the license based on the applicant's background
  2. B. It has no effect once the exam is passed
  3. C. It only matters for renewal, not initial licensing
  4. D. It automatically results in permanent lifetime denial in all cases
Show the answer

Answer: A

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 3

Maria is applying for her first Oklahoma resident life insurance license and wants to know what she must do before the state will issue it.

  1. A. Pass the licensing examination for the line of authority she is seeking
  2. B. Complete two years of employment at an insurance company
  3. C. Post a surety bond with the Insurance Department
  4. D. Obtain a college degree in finance or business
Show the answer

Answer: A

An applicant must pass the licensing exam covering the line of authority requested, such as life insurance. Prior insurance employment is not a general prerequisite for licensure. A surety bond is not a standard requirement for an individual life producer license. A college degree is never required to get an insurance producer license.

Oklahoma Insurance Code, examination requirement for producers, 36 O.S. Section 1435.6 (concept tested)

Question 4

Diane 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?

  1. A. Obtain a consultant license in addition to her producer license
  2. B. Nothing, because her producer license already covers fee-based advice
  3. C. Convert her producer license into an adjuster license
  4. D. Give up her producer license before advising for fees
Show the answer

Answer: A

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 5

Sandra holds appointments with three different life insurers in Oklahoma; what does this tell you?

  1. A. She may only be appointed by one insurer at a time
  2. B. A producer may hold appointments from more than one insurer at the same time
  3. C. Each new appointment cancels the prior one
  4. 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% 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?

No same-day rebooking; call the next day and retest as soon as the day after (e.g., fail Wednesday, retest Friday), space permitting. Open eligibility - unlimited attempts until you pass (31-day wait applies only to Bail Bond exams). About 62% of first-time life exam takers pass nationally (NAIC, latest published data). 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 state-approved prelicensing education provider, and practicing here does not by itself satisfy any state's education requirement.

If your state requires prelicensing education, you must complete it with an approved provider; your state insurance department publishes the approved list. What we do is make sure that when you sit down for the real exam, the questions feel familiar.

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.

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Take the free Oklahoma practice test · How to pass the exam