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| Section | Objectives |
|---|---|
| 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 |
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
Correct Answer: C 🗳️
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Loans may generally be obtained against the proceeds of a personal life insurance policy, and policy loan proceeds
Correct Answer: D 🗳️
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A deliberate lie by an insured to the insurer to obtain a lower premium is an example of
Correct Answer: C 🗳️
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What type of policy pays an amount per day for hospitalization directly to the insured regardless of the insured's other health insurance?
Correct Answer: D 🗳️
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The change of beneficiary provision states that the insured has the right to change the beneficiary unless the beneficiary is
Correct Answer: A 🗳️
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