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

SectionWeightObjectives
Topic 1: Oklahoma State-Specific Knowledge28%- Policy Provisions Required in Oklahoma
  • 1. Grace periods, free look, incontestability
  • 2. Reinstatement and replacement rules
- State Licensing and Renewal
  • 1. Continuing education rules
  • 2. Residency requirements
- Oklahoma Insurance Statutes and Rules
  • 1. Oklahoma Administrative Code provisions
  • 2. Title 36 Oklahoma Statutes
- Consumer Protection and Ethics
  • 1. Unfair claims practices
  • 2. Privacy and disclosure requirements
Topic 2: General Insurance Knowledge72%- Insurance Regulation
  • 1. Federal and state laws
  • 2. Unfair trade practices
  • 3. Licensing requirements
- Annuities
  • 1. Types of annuities
  • 2. Features and taxation
- Health and Accident Insurance Basics
  • 1. Health insurance policies
  • 2. Accident and sickness coverage
  • 3. Disability income insurance
- Life Insurance Basics
  • 1. Policy provisions and riders
  • 2. Types of life policies
  • 3. Underwriting and issue

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

In addition to the actual policy, an entire contract includes which of the following?

  • A. Clauses.
  • B. Credit report.
  • C. Provisions.
  • D. The application.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

Term life insurance is more appropriate than whole life insurance when the

  • A. insured needs low cost permanent life insurance protection.
  • B. maximum protection is needed, but the insured cannot afford premium payments for permanent insurance.
  • C. policyowner wants to borrow against the life insurance policy values.
  • D. policyowner desires an accumulation of cash values.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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How many days does the insured have to notify the insurer to add a newly-born child to continue coverage?

  • A. 21 days.
  • B. 31 days.
  • C. 30 days.
  • D. 14 days.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

A policyowner purchased a whole life policy. How long after purchase can the policyowner borrow against the cash value of the policy?

  • A. 2 years
  • B. never
  • C. 1 year
  • D. 3 years
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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An accelerated death benefit provision allows a portion of the death benefits to be paid to the insured prior to death if the insured

  • A. has reached retirement age.
  • B. has a dependent with a serious illness.
  • C. becomes disabled.
  • D. has a terminal illness.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for iPassleader members. You can sign-up / login (it's free).

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