Oregon Insurance Exam Cheat Sheet
Unlock the official Oregon exam cram sheet to master key state regulations, policy definitions, and exam-day metrics. Or, start with our free Oregon practice questions to test your knowledge.
What's Covered on the Oregon Life & Health Exam
Two exam lines — know what each one tests
Life Insurance Line
- Term, Whole, Universal & Variable Life policies
- Annuities (fixed, variable, immediate, deferred)
- Beneficiary designations & settlement options
- Policy riders: waiver of premium, AD&D, COLA
- Replacement rules & suitability requirements
- Grace period: 31 Days | Free-look: 10 Days (30 Days (LTC/Medicare))
Health Insurance Line
- Individual & group health, HMO, PPO, EPO, POS plans
- Medicare Parts A, B, C, D & Medigap supplements
- Medicaid & CHIP eligibility rules
- COBRA, HIPAA, ACA & continuation provisions
- Disability income: STD & LTD elimination periods
- Grace periods: 7 / 10 / 31 days by premium mode
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Frequently Asked Questions
Q:How do I pass the Oregon insurance exam?
To pass the Oregon insurance exam, you should complete a pre-licensing course (at least 20 hours for Life, Accident & Health), study the OR Insurance Code, and practice with high-quality exam questions. Aim for consistency above 80% on practice tests before scheduling your PSI appointment.
Q:What is the passing score for the Oregon insurance exam?
The passing score for most Oregon insurance exams is 70%. You will need to answer approximately 105 out of 150 questions correctly for the combined Life & Health exam.
Q:How much does the Oregon insurance exam cost?
The exam fee is approximately $65 per attempt, paid to PSI, the authorized testing provider for Oregon DFR exams. You must also pay for pre-licensing education and fingerprinting separately.
Q:Where can I take the Oregon insurance exam?
You can take the OR insurance exam at a PSI testing center in Oregon or via remote online proctoring from your home or office, subject to system requirements. Visit the PSI website to find a test center near you.
Q:What happens if I fail the Oregon insurance exam?
If you fail, you can retake the exam. There is generally no mandatory waiting period, but you must pay the exam fee again for each attempt. Use your score report to identify weak areas and focus your additional study there.
Q:Are there pre-licensing education requirements in Oregon?
Yes. Oregon requires at least 20 hours of approved pre-licensing education for a Life, Accident & Health license. Courses must be taken through an Oregon DFR-approved provider. It is highly recommended to complete a structured course before attempting the state exam.