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

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

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

Question 1

Under the Standard Nonforfeiture Law, any cash value accumulation MUST be made available to the policyowner if the policyowner

A. stops paying the premium.
B. is not notified within 60 days of the contractual changes.
C. files for bankruptcy.
D. becomes disabled.


Question 2

What is the main reason a Medicare supplement policy is purchased?

A. to cover dental services
B. to fill the gaps not covered by Medicare Parts A and B
C. to cover long-term care services
D. to cover prescription drugs filled at the pharmacy


Question 3

Which of the following is a common exclusion from coverage under a medical expense plan?

A. Injury due to recreational sports.
B. Air travel in a private plane.
C. Injury caused by repairs or renovations to one's own home.
D. Injury due to auto accidents.


Question 4

Under the Fair Credit Reporting Act, a consumer report includes

A. any authorizations or approval of a specific extension of credit, directly or indirectly, by the issuer of a credit card.
B. communication of information by a consumer reporting agency bearing on a consumer's credit standing, worthiness, or personal characteristics.
C. any report containing information solely as to transactions between the consumer and the person making the report.
D. communication of information among persons related by common ownership.


Question 5

Every licensee must keep records pertaining to insurance transactions for how many years?

A. 10
B. 5
C. 7
D. 3


Solutions:

Question 1
Answer: A
Question 2
Answer: B
Question 3
Answer: B
Question 4
Answer: B
Question 5
Answer: B

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