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Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
1. Which of the following is NOT a key factor in underwriting life insurance?
A) Tobacco use.
B) Marital status.
C) Age.
D) Family history.
2. A group major medical policy is written with a $1,000 deductible, 80/20 coinsurance, and an out-of-pocket maximum of $3,000. The insured goes into the hospital for a covered procedure. The total cost of the procedure is $5,000. How much does the insured have to pay towards the $5,000 total?
A) $1,800
B) $5,000
C) $3,000
D) $1,000
3. How many employees are REQUIRED before an employer is subject to COBRA?
A) 20 employees
B) 30 employees
C) 50 employees
D) 31 employees
4. Which life insurance rider is designed to permit young individuals to be able to purchase additional insurance as they grow older, regardless of insurability?
A) Guaranteed insurability rider.
B) Impairment rider.
C) Cost of living rider.
D) Multiple indemnity rider.
5. What is the focus of major medical insurance?
A) Providing preventative care.
B) Providing care to the needy.
C) Providing coverage for hospitalization expenses.
D) Reducing costs by using in-network facilities.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C |
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