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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| General Insurance Principles | - Insurable interest and underwriting basics - Risk management and insurance concepts |
| Annuities | - Fixed and variable annuities - Annuity payout options |
| Life Insurance Concepts | - Types of life insurance policies - Beneficiaries and settlements - Policy provisions, riders, and options |
| State Insurance Regulations (Oklahoma) | - Unfair trade practices and ethics - Oklahoma Insurance Code and regulations - Producer licensing requirements and conduct |
| 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:
Which of the following is NOT a key factor in underwriting life insurance?
- A. Tobacco use.
- B. Marital status.
- C. Age.
- D. Family history.
Correct Answer: B 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
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
Correct Answer: C 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
How many employees are REQUIRED before an employer is subject to COBRA?
- A. 20 employees
- B. 30 employees
- C. 50 employees
- D. 31 employees
Correct Answer: A 🗳️
Explanation: Only visible for ExamcollectionPass members. You can sign-up / login (it's free).
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.
Correct Answer: A 🗳️
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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.
Correct Answer: C 🗳️
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