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

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

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

1. What is the purpose of the coordination of benefits provision in group health care?

A) To ensure that the insured gets all the treatment needed.
B) To protect a secondary insurer from paying a claim.
C) To determine what is paid by the primary and secondary insurers in case of a claim.
D) To determine which parent's plan covers a dependent child.


2. One advantage of an individual term life insurance policy is

A) It offers a cash value.
B) Death benefits always remain level.
C) Initial costs are lower.
D) Premiums will decrease as insured ages.


3. If Janet purchases a 10-year level term life insurance policy with a face amount of $100,000, which of the following is TRUE?

A) The policy will be converted to a whole life policy at the end of the 10-year period.
B) The face amount will increase as dividends on the policy accumulate over the 10-year period.
C) The premium and the face amount will remain constant for the 10-year period.
D) The face amount will remain constant as the premium increases over the 10-year period.


4. Modified whole life policies are distinguished by premiums that are

A) higher than typical whole life premiums during the last few years.
B) lower than typical whole life premiums during the last few years.
C) higher than typical whole life premiums during the initial years and then lower thereafter.
D) lower than typical whole life premiums during the initial years and then higher thereafter.


5. Which of the following is a core benefit of Medicare supplemental insurance?

A) At-home recovery.
B) First 3 pints of blood each year.
C) Basic drugs limit of $1,250.
D) Preventive care.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: C
Question # 3
Answer: C
Question # 4
Answer: D
Question # 5
Answer: B

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