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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: State Insurance Regulations (Oklahoma) | - Unfair trade practices and ethics - Producer licensing requirements and conduct - Oklahoma Insurance Code and regulations |
| Topic 2: General Insurance Principles | - Insurable interest and underwriting basics - Risk management and insurance concepts |
| Topic 3: Life Insurance Concepts | - Types of life insurance policies - Policy provisions, riders, and options - Beneficiaries and settlements |
| Topic 4: Annuities | - Fixed and variable annuities - Annuity payout options |
| Topic 5: Accident and Health Insurance | - Medical expense coverage concepts - Health insurance policy types - Disability income insurance |
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
A deliberate lie by an insured to the insurer to obtain a lower premium is an example of
- A. concealment.
- B. fraud.
- C. aleatory.
- D. omission.
Correct Answer: B 🗳️
Explanation: Only visible for LatestCram members. You can sign-up / login (it's free).
Transacting insurance includes any of the following EXCEPT
- A. preliminary negotiations.
- B. gathering prospective buyer information.
- C. selling insurance.
- D. delivering insurance contracts.
Correct Answer: B 🗳️
Explanation: Only visible for LatestCram members. You can sign-up / login (it's free).
Misrepresenting the advantages and benefits of a new policy to induce replacement of an existing policy is
- A. forfeiting.
- B. twisting.
- C. rebating.
- D. defamation.
Correct Answer: B 🗳️
Explanation: Only visible for LatestCram 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
Correct Answer: C 🗳️
Explanation: Only visible for LatestCram members. You can sign-up / login (it's free).
Any person of competent legal capacity may contract for life and health insurance at a MINIMUM age of
- A. 18.
- B. 15.
- C. 21.
- D. 16.
Correct Answer: A 🗳️
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