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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:

SectionObjectives
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
Reveal Solution  Discussion  0

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.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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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.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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How many employees are REQUIRED before an employer is subject to COBRA?

  • A. 30 employees
  • B. 20 employees
  • C. 50 employees
  • D. 31 employees
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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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.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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