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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Oklahoma State-Specific Knowledge | 28% | - Policy Provisions Required in Oklahoma
|
| Topic 2: General Insurance Knowledge | 72% | - Insurance Regulation
|
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
1. An insurance producer sells fake policies and gambles the premium payments at a casino. Which entity would not be involved in the investigation?
A) Securities Exchange Commission
B) Oklahoma Insurance Department Anti-Fraud Unit
C) Oklahoma Attorney General
D) Oklahoma State Bureau of Investigation
2. Determining the appropriate coverage for an individual seeking long-term care insurance is
A) contestability.
B) suitability.
C) accountability.
D) coinsurance.
3. Term life insurance differs from permanent life insurance in that MOST often, term life insurance
A) remains in force for a specific period of time.
B) has a longer premium payment period.
C) is automatically renewable at the end of the term period.
D) accumulates a much smaller cash value.
4. A newly hired employee gives his enrollment form to his employer, but due to an administrative error, it is never forwarded to the insurance company. The error is detected 3 months later. What will happen if the clerical error provision is in effect?
A) The employer will be required to pay the past due premiums.
B) The employee will be allowed to submit an enrollment form and all past due premiums, and will be retroactively insured.
C) The employee will have to wait until the next open enrollment period to enroll in the plan.
D) The employee will be allowed to submit a new enrollment form and will be enrolled as of the date the new form is accepted.
5. A policyowner purchased a whole life policy. How long after purchase can the policyowner borrow against the cash value of the policy?
A) 1 year
B) 2 years
C) 3 years
D) never
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A |



