Free Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Practice Test & Real Exam Questions

Exam Code/Number: Ok-Life-Accident-and-Health-or-Sickness-Producer
Exam Name/Title: Oklahoma Life, Accident, and Health or Sickness Producer Exam
Certification Provider: Insurance Licensing
Corresponding Certification: Insurance Licensing Certification

Exam Questions: 157
Updated On: Jun 29, 2026

Question #29

Which of the following BEST describes a waiver of premium clause in a typical disability policy?

A. The waiver of premium benefit pays the policy premium during a disability claim.

B. This clause generally begins immediately with the doctor stating that the insured person is completely disabled.

C. The monthly benefit under the policy is reduced to offset the premium that is no longer being paid.

D. This clause eliminates any premium being paid for the lifetime of the insured individual.

Discussion 0

Correct Answer: A Vote an answer

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Question #30

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. Ensure the accuracy and completeness of an individual's medical information.

D. Editing an applicant's report to ensure approval.

Discussion 0

Correct Answer: C Vote an answer

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Question #31

In a life insurance cash value policy, the automatic premium loan provision authorizes the insurance company to withdraw from the policy's cash values the amount of

A. any outstanding loans from any policies insured with the same insurance company.

B. premiums needed to terminate the policy.

C. premiums due if the premium has not been paid by the end of the grace period.

D. interest owed by the insured on outstanding policy loan amounts not repaid at the policy's maturity date.

Discussion 0

Correct Answer: C Vote an answer

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Question #32

Which rider includes coverage for the insured's spouse and children?

A. Guaranteed insurability

B. Jumping juvenile

C. Family

D. Payor benefit

Discussion 0

Correct Answer: C Vote an answer

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Question #33

An accelerated death benefit provision allows a portion of the death benefits to be paid to the insured prior to death if the insured

A. becomes disabled.

B. has a dependent with a serious illness.

C. has a terminal illness.

D. has reached retirement age.

Discussion 0

Correct Answer: C Vote an answer

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Question #34

Term life insurance is more appropriate than whole life insurance when the

A. insured needs low cost permanent life insurance protection.

B. policyowner desires an accumulation of cash values.

C. maximum protection is needed, but the insured cannot afford premium payments for permanent insurance.

D. policyowner wants to borrow against the life insurance policy values.

Discussion 0

Correct Answer: C Vote an answer

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Question #35

The change of beneficiary provision states that the insured has the right to change the beneficiary unless the beneficiary is

A. uninsurable.

B. power of attorney.

C. irrevocable.

D. deceased.

Discussion 0

Correct Answer: C Vote an answer

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Question #36

The provision that the policy and a copy of an application is endorsed upon or attached to the policy when issued is the

A. certificate.

B. policy summary.

C. entire contract.

D. application.

Discussion 0

Correct Answer: C Vote an answer

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Question #37

Ordinary life insurance should BEST be viewed by the consumer as

A. temporary protection for the life expectancy of the policyowner with accumulating cash values throughout the life of the policy.

B. a type of policy that provides permanent protection and some flexibility for the lowest total premium outlay.

C. temporary protection during the policyowner's income-earning years with cash values payable during non-earning periods.

D. an endowment type of policy that provides limited payment type of life insurance based on the level of income earned.

Discussion 0

Correct Answer: B Vote an answer

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Question #38

What is the focus of major medical insurance?

A. Providing preventative care.

B. Providing care to the needy.

C. Providing coverage for hospitalization expenses.

D. Reducing costs by using in-network facilities.

Discussion 0

Correct Answer: C Vote an answer

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Question #39

In terms of consideration, in which of the following circumstances is a health insurance contract effective?

A. When the contract has been signed by both the insured and the insurance company.

B. When the insured pays the premium for a plan.

C. When the insurance company provides the services promised in the contract.

D. When the insured pays the premium and the policy is issued as applied for.

Discussion 0

Correct Answer: D Vote an answer

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Question #40

A license is NOT required when you are

A. selling insurance.

B. soliciting insurance.

C. providing referrals.

D. negotiating insurance.

Discussion 0

Correct Answer: C Vote an answer

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Question #41

Laura has a group medical plan that has an 80% coinsurance provision but no deductible. She recently incurred a $1,000 medical bill. How much will Laura have to pay?

A. $200

B. $800

C. $0

D. $1,000

Discussion 0

Correct Answer: A Vote an answer

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Question #42

One advantage of a whole life insurance policy is that it offers

A. Liberal underwriting guidelines.

B. Variable premium amounts.

C. Permanent coverage.

D. Initial lower premiums.

Discussion 0

Correct Answer: C Vote an answer

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