Good afternoon, all. Oregon’s insurance test content outline is changing effective as of March 1, 2009, and we here at the PIB wanted to make sure that you have all of these changes at hand and are ready to go for the test changes. ProSchools has the changes made and will make sure that the online and print editions of the material reflect all of them!
First of all, the good news! There are no new additions to the Property and Casualty exam- there are only deletions! For the Life and Health exam, there are 3 very minor additions and a couple of areas that have been deleted from the test. The percentages of each section on the content outline have changed as well, and we have detailed this information for you as well. Read on for specific details!
Starting with the Life and Health Examination, there are 3 minor additions to the material:
- FINRA (Financial Industry Regulatory Authority) has been added to the “Life Insurance Basics” section of the test (section 3.7). This is intended to replace the information that was affiliated with the NASD (National Association of Securities Dealers).
- The Annuities section has had “Living Benefit Riders” added in section 6.5 “Use of Annuities.” (Located in the Oregon Life and Health Code section of the material)
- Federal Tax Considerations for Life Insurance and Annuities has added “Suitability” to section 7.6 “Section 1035 Exchanges“ (Located in the Oregon Life and Health Code section of the material)
“Split Dollar Life Insurance” has been deleted from the Oregon test content outline.
The Health portion of the test has had NO CHANGES.
The Property and Casualty Insurance Examination has only had deletions, and no additional material has been added. Specifically, the following has been taken off of the Oregon Insurance Exam and should NOT be part of your study:
- Ocean marine insurance
- Aviation insurance
NOTHING has been added to the P&C examination, only deletions!
The percentages for each section on the content outline have changed as well, and I will get you that information in a separate blog posting!
Let me know if you have any questions or concerns and I will be more than happy to let you know what I can find out!