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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Overview:
| Certification Vendor: | Oklahoma Insurance Department |
|---|---|
| Exam Name: | Oklahoma Life, Accident, and Health or Sickness Producer Exam |
| Exam Number: | OK-Life-Accident-Health |
| Available Languages: | English |
| Real Exam Qty: | 150-200 |
| Certificate Validity Period: | License renewal every 2 years |
| Exam Price: | $50-80 |
| Related Certifications: | Oklahoma Property and Casualty Producer Oklahoma Insurance Broker |
| Passing Score: | 70% |
| Exam Format: | Multiple Choice, True/False |
| Exam Duration: | 90-180 |
| Sample Questions: | Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Sample Questions |
| Exam Way: | Computer-based testing at approved Pearson VUE or Prometric testing centers |
| Pre Condition: | Must complete pre-licensing education course (typically 20-40 hours depending on line of authority); fingerprints and background check required |
| Official Syllabus URL: | https://www.oid.ok.gov/ |
Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Life Insurance Basics | 15-20% | - Cash value and loan provisions - Types of life insurance policies - Policy provisions and riders - Beneficiary designations |
| Topic 2: Accident and Sickness Insurance | 15-20% | - Accident-only policies - Hospital indemnity insurance - Critical illness insurance - Sickness-related coverage |
| Topic 3: Oklahoma Insurance Regulations | 20-25% | - Licensing requirements and procedures - Oklahoma Insurance Code requirements - Unfair trade practices prohibitions - Consumer protection regulations - Market conduct regulations |
| Topic 4: Health Insurance Fundamentals | 20-25% | - Dental and vision coverage - Disability income insurance - Major medical insurance - Health maintenance organizations (HMOs) - Preferred provider organizations (PPOs) |
| Topic 5: Ethics and Professional Conduct | 10-15% | - Fiduciary responsibilities - Handling customer complaints - Antifraud regulations - Disclosure requirements |
| Topic 6: Insurance Marketing and Sales | 10-15% | - Suitable product recommendations - Replacement regulations - Sales practices and disclosures - Recordkeeping requirements |
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
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%.
Correct Answer: A 🗳️
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An endorsement to an insurance policy that modifies clauses and provisions of the policy is referred to as
- A. a rider.
- B. an attachment.
- C. a supplement.
- D. an add-on.
Correct Answer: A 🗳️
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If a primary beneficiary dies, life insurance benefits are then paid to
- A. no one.
- B. the tertiary beneficiaries.
- C. the sub-primary beneficiaries.
- D. the contingent beneficiaries.
Correct Answer: D 🗳️
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Failure of an insurance producer to complete the continuing education requirements may result in
- A. an additional 20 continuing education hours the following year.
- B. revocation of license.
- C. a felony conviction.
- D. nonrenewal of license.
Correct Answer: D 🗳️
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Which of the following is one of the MAIN tasks of a field underwriter?
- A. Editing an applicant's report to ensure approval.
- B. Ensure the accuracy and completeness of an individual's medical information.
- C. Obtaining a Medical Information Bureau (MIB) report.
- D. Approving an individual's policy.
Correct Answer: B 🗳️
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By Agatha
