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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: General Insurance Knowledge | 72% | - Life Insurance Basics
|
| Topic 2: Oklahoma State-Specific Knowledge | 28% | - Consumer Protection and Ethics
|
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
When can an insurer cancel a Medicare supplement plan?
- A. On a date specified in the policy.
- B. At the enrollment period.
- C. After nonpayment.
- D. At any time.
Correct Answer: C 🗳️
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A difference between permanent and term life insurance is
- A. term life only covers the insured for 1 year.
- B. permanent life automatically covers an insured for 5 years even when premiums are not paid.
- C. permanent life may develop cash value.
- D. term life is more economical for the insured over a long life span.
Correct Answer: C 🗳️
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How will covered expenses be paid if an insured has a scheduled dental policy?
- A. The insurer will pay a percentage of each expense.
- B. After the deductible is paid, benefits will be paid in a lump sum directly to the insured.
- C. Benefits will be limited to a specific maximum dollar amount per procedure.
- D. All expenses will be paid after the insured's deductible is paid.
Correct Answer: C 🗳️
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A common disaster provision states that if the beneficiary dies from the same accident as the insured individual, the insurer will proceed as if the
- A. beneficiary and the insured individual died simultaneously.
- B. beneficiary outlived the insured individual.
- C. insured individual outlived the beneficiary.
- D. beneficiary was never named on the policy.
Correct Answer: B 🗳️
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In conjunction with an Oklahoma insurance producer or adjuster license renewal, which one of the following is a continuing education requirement?
- A. 26 hours every 3 years.
- B. 24 hours every 2 years.
- C. 18 hours every 2 years.
- D. 12 hours annually.
Correct Answer: B 🗳️
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