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Oklahoma Electrical Business and Law Exam: Who Takes It, Fees, and the Three-Year Window

Oklahoma Electrical Business and Law Exam: Who Takes It, Fees, and the Three-Year Window

Who needs Oklahoma's Electrical Business and Law exam: every Unlimited, Limited and Residential contractor applicant, plus reciprocity and exam-equivalency candidates. The $92 PSI fee, 50 questions in 2 hours, the reference list and what you need after you pass.

November 13, 20265 min readOklahoma Electrical Business and Law
Contents

Oklahoma Electrical Business and Law Exam: Who Takes It

The Electrical Business and Law exam is the second half of every Oklahoma electrical contractor license. The Construction Industries Board (CIB) requires it, and PSI gives it. It has no NEC questions. It tests running a contracting business and the Oklahoma law that governs one: licensing rules, liens and workers' compensation.

Who has to take it?

Your situationBusiness and Law?
Applying for an Unlimited, Limited or Residential Electrical Contractor licenseYes, alongside that category's trade exam
Contractor coming in under a written reciprocity agreementYes. You are licensed as a journeyman until you pass it and file bond and insurance
Contractor approved for exam equivalencyYes. Equivalency waives the trade exam, not this one
Current Oklahoma electrical contractor adding another categoryNo, if you passed Business and Law for your existing license
Journeyman applicantNo. Journeyman licenses take only a trade exam

The rule is in OAC 158:40-9-2: a contractor applicant must pass both portions, business/law and trade, at 70% each. Reciprocity is covered by OAC 158:40-7-5 and exam equivalency by OAC 158:40-9-2.4. Whichever route you take to your first Oklahoma electrical contractor license, this is the exam that is never waived.

The exam

ItemElectrical Business and Law
VendorPSI
Questions50 scored, plus up to 10 unscored experimental questions
Time120 minutes (2 hours)
Passing score70% (35 of 50)
FormatComputer-based, open book, at a PSI test center
PSI fee$92 per attempt

The eight areas are bidding and estimating (10), financial (8), project management and supervision (7), licensing requirements (6), contracts, labor and personnel, and payroll and payroll taxes (5 each), and risk management (4). What is on the exam breaks them down.

The reference list

PSI lists these as open-book references:

NASCLA lists the Basic 14th edition at $110. The Oklahoma statutes and rules are free online. Except for code books, PSI allows later editions of the references.

There is no Oklahoma edition of the NASCLA guide. This is Oklahoma's own exam, written to PSI's Oklahoma outline, and a NASCLA national exam does not replace it.

The three-year window

If you pass only one of your two portions, you retake just the other, as long as you pass it within three years of the date CIB approved you to test. After three years you retake both (OAC 158:40-9-2(b)). Your PSI eligibility itself does not expire, but this window does, so don't leave the second portion for later.

Retakes

Exam day has the details.

What you need after you pass

Passing both portions makes you eligible for the license. To make it active, CIB needs:

ItemRequirement
CIB contractor application$30
Initial contractor license$300 ($480 from July 1, 2028)
License bond$5,000
General liability insuranceAt least $50,000 combined single limit, CIB as certificate holder
Workers' compensationProof of a policy or an exemption
Annual renewal$200 by the end of your birth month ($300 if more than 30 days late)

Without the bond, insurance and workers' compensation proof, CIB issues an inactive contractor license, which lets you work as a journeyman but not contract (OAC 158:40-5-5). Contractors also need 12 hours of continuing education every three years, 6 of them on the codes the Oklahoma Uniform Building Code Commission adopts, with an exemption for three years after passing the exam.

Those same rules are on the exam: the licensing area tests the bond, insurance and renewal requirements.

Which trade exam goes with it

Pass rates

CIB does not publish pass rates for the electrical exams.

Getting ready

Start with what the exam covers, then see how you do on real questions. Try our free sample test, or see the full Business and Law exam prep.

BC
Brandon Carlton
Founder, Fire Cert Academy

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