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

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

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

Question #1

When a life insurance or annuity replacement policy is sold, the policyowner has a right to return the policy for a full refund of premium within

  • A. 14 days.
  • B. 7 days.
  • C. 20 days.
  • D. 3 days.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

Loans may generally be obtained against the proceeds of a personal life insurance policy, and policy loan proceeds

  • A. generate nontaxable interest income.
  • B. are subject to Federal estate tax.
  • C. accelerate the benefits under the policy.
  • D. are not treated as taxable income.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

A deliberate lie by an insured to the insurer to obtain a lower premium is an example of

  • A. omission.
  • B. concealment.
  • C. fraud.
  • D. aleatory.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

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. Medigap
  • C. Blanket
  • D. Hospital indemnity
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

The change of beneficiary provision states that the insured has the right to change the beneficiary unless the beneficiary is

  • A. irrevocable.
  • B. deceased.
  • C. uninsurable.
  • D. power of attorney.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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