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

SectionObjectives
Topic 1: Annuities- Annuity payout options
- Fixed and variable annuities
Topic 2: State Insurance Regulations (Oklahoma)- Unfair trade practices and ethics
- Producer licensing requirements and conduct
- Oklahoma Insurance Code and regulations
Topic 3: Life Insurance Concepts- Types of life insurance policies
- Beneficiaries and settlements
- Policy provisions, riders, and options
Topic 4: Accident and Health Insurance- Disability income insurance
- Medical expense coverage concepts
- Health insurance policy types
Topic 5: General Insurance Principles- Risk management and insurance concepts
- Insurable interest and underwriting basics

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

The Oklahoma Insurance Commissioner is elected to office and has all of the following powers and duties EXCEPT

  • A. enact legislation dealing with insurance.
  • B. responsibilities to adopt reasonable rules and regulations.
  • C. authority to conduct hearings.
  • D. jurisdiction over complaints against anyone engaged in the insurance business in Oklahoma.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

An endorsement to an insurance policy that modifies clauses and provisions of the policy is referred to as

  • A. an add-on.
  • B. a rider.
  • C. a supplement.
  • D. an attachment.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

Under a group life policy, the policyowner is entitled to a grace period of 31 days for the payment of any premium due EXCEPT the first. During the grace period, the death benefit coverage shall

  • A. continue in force.
  • B. be discontinued.
  • C. be 50%.
  • D. be 75%.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

Mortgage redemption or cancellation insurance is a form of what type of insurance?

  • A. Increasing term.
  • B. Level premium whole life.
  • C. Level premium universal life.
  • D. Decreasing term.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as

  • A. rebating.
  • B. subrogation.
  • C. twisting.
  • D. churning.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Explanation: Only visible for PrepAwayExam members. You can sign-up / login (it's free).

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