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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Annuities | - Annuity payout options - Fixed and variable annuities |
| Topic 2: Accident and Health Insurance | - Disability income insurance - Health insurance policy types - Medical expense coverage concepts |
| Topic 3: General Insurance Principles | - Insurable interest and underwriting basics - Risk management and insurance concepts |
| Topic 4: Life Insurance Concepts | - Policy provisions, riders, and options - Types of life insurance policies - Beneficiaries and settlements |
| Topic 5: State Insurance Regulations (Oklahoma) | - Unfair trade practices and ethics - Producer licensing requirements and conduct - Oklahoma Insurance Code and regulations |
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
1. Under the Standard Nonforfeiture Law, any cash value accumulation MUST be made available to the policyowner if the policyowner
A) files for bankruptcy.
B) is not notified within 60 days of the contractual changes.
C) stops paying the premium.
D) becomes disabled.
2. Term life insurance is more appropriate than whole life insurance when the
A) policyowner wants to borrow against the life insurance policy values.
B) maximum protection is needed, but the insured cannot afford premium payments for permanent insurance.
C) insured needs low cost permanent life insurance protection.
D) policyowner desires an accumulation of cash values.
3. Under a multiple protection policy, the policy that pays on the death of the last person is called
A) an annuity life policy.
B) a survivorship life policy.
C) a universal life policy.
D) a joint life policy.
4. A licensee who has a change of address must notify the Insurance Commissioner within
A) 90 days.
B) 60 days.
C) 120 days.
D) 30 days.
5. A difference between permanent and term life insurance is
A) term life is more economical for the insured over a long life span.
B) permanent life automatically covers an insured for 5 years even when premiums are not paid.
C) term life only covers the insured for 1 year.
D) permanent life may develop cash value.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |


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