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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
| General Insurance Knowledge | 72% | - Health and Accident Insurance Basics
- 1. Disability income insurance
- 2. Accident and sickness coverage
- 3. Health insurance policies
- Annuities
- 1. Types of annuities
- 2. Features and taxation
- Insurance Regulation
- 1. Federal and state laws
- 2. Licensing requirements
- 3. Unfair trade practices
- Life Insurance Basics
- 1. Types of life policies
- 2. Policy provisions and riders
- 3. Underwriting and issue
|
| Oklahoma State-Specific Knowledge | 28% | - Oklahoma Insurance Statutes and Rules
- 1. Title 36 Oklahoma Statutes
- 2. Oklahoma Administrative Code provisions
- Consumer Protection and Ethics
- 1. Privacy and disclosure requirements
- 2. Unfair claims practices
- State Licensing and Renewal
- 1. Continuing education rules
- 2. Residency requirements
- Policy Provisions Required in Oklahoma
- 1. Reinstatement and replacement rules
- 2. Grace periods, free look, incontestability
|
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
In addition to the application, MIB, or consumer reports, underwriters can acquire information from all of the following EXCEPT
- A. genetic testing.
- B. attending physician statements.
- C. physical examinations.
- D. medical questionnaires.
Reveal Solution
Discussion
Correct Answer: A 🗳️
Explanation: Only visible for BraindumpsPrep members. You can sign-up / login (it's free).
An insured individual takes out a life insurance policy on himself and commits suicide 13 months later. Since the policy has an expressed provision limiting the liability of the insurer against suicide, the insurer is
- A. obligated to reimburse the amount of the premiums paid for the policy.
- B. liable for the full value of the policy if the insured individual was proven to be insane at the time of his death.
- C. not liable to make any payouts on the policy.
- D. liable to pay the full value of the policy.
Reveal Solution
Discussion
Correct Answer: C 🗳️
Explanation: Only visible for BraindumpsPrep members. You can sign-up / login (it's free).
What type of policy pays an amount per day for hospitalization directly to the insured regardless of the insured's other health insurance?
- A. Limited-amount per diem
- B. Hospital indemnity
- C. Blanket
- D. Medigap
Reveal Solution
Discussion
Correct Answer: B 🗳️
Explanation: Only visible for BraindumpsPrep members. You can sign-up / login (it's free).
Oklahoma resident Joe served in the military the past 4 years. When he returned and tried to reinstate his individual health insurance policy, he was denied coverage. His producer stated that because he was covered under a government plan he would be required to be re-underwritten as a new applicant subject to more restrictive coverage and increased premiums. Which of the following is TRUE?
- A. Joe cannot be denied reinstatement into his same individual health insurance policy that lapsed as a result of Joe becoming covered by a government-sponsored health plan.
- B. Joe cannot be denied reinstatement in his prior individual health insurance policy unless the federal government denies him coverage based on health conditions unrelated to his military service.
- C. Joe is subject to being re-underwritten in terms of his current health conditions because he cannot be penalized with more restrictive coverage.
- D. Joe is not required to undergo the initial underwriting process but he cannot be reinstated under his personal plan unless he is free of pre-existing conditions.
Reveal Solution
Discussion
Correct Answer: A 🗳️
Explanation: Only visible for BraindumpsPrep members. You can sign-up / login (it's free).
Misrepresenting the advantages and benefits of a new policy to induce replacement of an existing policy is
- A. twisting.
- B. forfeiting.
- C. defamation.
- D. rebating.
Reveal Solution
Discussion
Correct Answer: A 🗳️
Explanation: Only visible for BraindumpsPrep members. You can sign-up / login (it's free).