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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: General Insurance Principles | - Insurable interest and underwriting basics - Risk management and insurance concepts |
| Topic 2: Accident and Health Insurance | - Disability income insurance - Medical expense coverage concepts - Health insurance policy types |
| Topic 3: State Insurance Regulations (Oklahoma) | - Producer licensing requirements and conduct - Oklahoma Insurance Code and regulations - Unfair trade practices and ethics |
| Topic 4: Annuities | - Annuity payout options - Fixed and variable annuities |
| Topic 5: Life Insurance Concepts | - Policy provisions, riders, and options - Beneficiaries and settlements - Types of life insurance policies |
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
How long is the contestable period for a life insurance policy?
- A. 36 months
- B. 6 months
- C. 24 months
- D. 12 months
Correct Answer: C 🗳️
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How many days does the insured have to notify the insurer to add a newly-born child to continue coverage?
- A. 31 days.
- B. 14 days.
- C. 21 days.
- D. 30 days.
Correct Answer: A 🗳️
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
Which life insurance rider is designed to permit young individuals to be able to purchase additional insurance as they grow older, regardless of insurability?
- A. Guaranteed insurability rider.
- B. Impairment rider.
- C. Cost of living rider.
- D. Multiple indemnity rider.
Correct Answer: A 🗳️
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
How many employees are REQUIRED before an employer is subject to COBRA?
- A. 30 employees
- B. 20 employees
- C. 50 employees
- D. 31 employees
Correct Answer: B 🗳️
Explanation: Only visible for Pass4Leader members. You can sign-up / login (it's free).
Modified whole life policies are distinguished by premiums that are
- A. higher than typical whole life premiums during the initial years and then lower thereafter.
- B. lower than typical whole life premiums during the initial years and then higher thereafter.
- C. lower than typical whole life premiums during the last few years.
- D. higher than typical whole life premiums during the last few years.
Correct Answer: B 🗳️
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