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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer valid - in .pdf

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  • Exam Code: Ok-Life-Accident-and-Health-or-Sickness-Producer
  • Exam Name: Oklahoma Life, Accident, and Health or Sickness Producer Exam
  • Q & A: 157 Questions and Answers
  • PDF Price: $59.99
  • Free Demo

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  • Exam Code: Ok-Life-Accident-and-Health-or-Sickness-Producer
  • Exam Name: Oklahoma Life, Accident, and Health or Sickness Producer Exam
  • Q & A: 157 Questions and Answers
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  • Exam Code: Ok-Life-Accident-and-Health-or-Sickness-Producer
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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:

SectionObjectives
Accident and Health Insurance- Health insurance policy types
- Medical expense coverage concepts
- Disability income insurance
Annuities- Fixed and variable annuities
- Annuity payout options
Life Insurance Concepts- Types of life insurance policies
- Policy provisions, riders, and options
- Beneficiaries and settlements
State Insurance Regulations (Oklahoma)- Unfair trade practices and ethics
- Producer licensing requirements and conduct
- Oklahoma Insurance Code and regulations
General Insurance Principles- Insurable interest and underwriting basics
- Risk management and insurance concepts

Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:

Question #1

To be eligible for a small group health insurance plan, a company may NOT have more than how many employees?

  • A. 40
  • B. 10
  • C. 50
  • D. 2
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

If a primary beneficiary dies, life insurance benefits are then paid to

  • A. no one.
  • B. the tertiary beneficiaries.
  • C. the sub-primary beneficiaries.
  • D. the contingent beneficiaries.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

Which of the following is one of the MAIN tasks of a field underwriter?

  • A. Obtaining a Medical Information Bureau (MIB) report.
  • B. Approving an individual's policy.
  • C. Editing an applicant's report to ensure approval.
  • D. Ensure the accuracy and completeness of an individual's medical information.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

Within a specified number of days, a free-look provision gives the

  • A. policyowner the right to return the policy for a partial refund.
  • B. company the right to rescind the policy.
  • C. company the right to alter the policy.
  • D. policyowner the right to return the policy for a full refund.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

What is the focus of major medical insurance?

  • A. Providing coverage for hospitalization expenses.
  • B. Providing care to the needy.
  • C. Reducing costs by using in-network facilities.
  • D. Providing preventative care.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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