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

SectionWeightObjectives
Health Insurance Fundamentals20-25%- Major medical insurance
- Dental and vision coverage
- Preferred provider organizations (PPOs)
- Health maintenance organizations (HMOs)
- Disability income insurance
Life Insurance Basics15-20%- Policy provisions and riders
- Cash value and loan provisions
- Beneficiary designations
- Types of life insurance policies
Ethics and Professional Conduct10-15%- Antifraud regulations
- Handling customer complaints
- Fiduciary responsibilities
- Disclosure requirements
Oklahoma Insurance Regulations20-25%- Oklahoma Insurance Code requirements
- Unfair trade practices prohibitions
- Market conduct regulations
- Licensing requirements and procedures
- Consumer protection regulations
Accident and Sickness Insurance15-20%- Sickness-related coverage
- Accident-only policies
- Critical illness insurance
- Hospital indemnity insurance
Insurance Marketing and Sales10-15%- Suitable product recommendations
- Recordkeeping requirements
- Sales practices and disclosures
- Replacement regulations

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

1. An insured receives a notice from the insurer that the policy has been cancelled in the middle of the term.
Which of the following policies did the insured MOST likely have?

A) Cancelable.
B) Conditionally renewable.
C) Term.
D) Optionally renewable.


2. What is the term used when exchanging a new policy for one already in force?

A) Replacement.
B) Renewal.
C) Enhancement.
D) Conversion.


3. Which of the following is an Unfair Claims Settlement Practices Act under Oklahoma law?

A) failing to maintain complete policy notes involving claims.
B) not maintaining an audit trail of premium history and claim transactions.
C) knowingly misrepresenting to a claimant pertinent facts or policy provisions that relate to coverage.
D) failing to interview all involved parties within 45 days of the filing of proof of loss forms.


4. With the exception of non-payment of premiums, no life insurance policy shall be contestable after it has been in force during the lifetime of the insured for

A) 4 years.
B) 2 years.
C) 5 years.
D) 3 years.


5. The ownership provision of a life insurance policy states that during the insured individual's lifetime, the rights and privileges belong to the

A) insured individual only
B) insured individual's family
C) owner only
D) beneficiaries


Solutions:

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

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