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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) | - Oklahoma Insurance Code and regulations - Unfair trade practices and ethics - Producer licensing requirements and conduct |
| Topic 2: Annuities | - Annuity payout options - Fixed and variable annuities |
| Topic 3: Accident and Health Insurance | - Disability income insurance - Medical expense coverage concepts - Health insurance policy types |
| Topic 4: General Insurance Principles | - Insurable interest and underwriting basics - Risk management and insurance concepts |
| Topic 5: Life Insurance Concepts | - Beneficiaries and settlements - Types of life insurance policies - Policy provisions, riders, and options |
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
1. Many Universal Life Policies will permit a partial surrender of cash value. The surrender amount would
A) have to be repaid.
B) increase the face amount.
C) increase the cash value.
D) not need to be repaid.
2. A licensee who has a change of address must notify the Insurance Commissioner within
A) 30 days.
B) 90 days.
C) 120 days.
D) 60 days.
3. One advantage of a whole life insurance policy is that it offers
A) Initial lower premiums.
B) Variable premium amounts.
C) Liberal underwriting guidelines.
D) Permanent coverage.
4. What is the correct term for an individual who is required to be licensed under the laws of this state to negotiate the sale of insurance?
A) Insurance appraiser.
B) Insurance adjuster.
C) Insurance producer.
D) Insurance underwriter.
5. Oklahoma resident Joe served in the military the past 4 years. When he returned and tried to reinstate his individual health insurance policy, he was denied coverage. His producer stated that because he was covered under a government plan he would be required to be re-underwritten as a new applicant subject to more restrictive coverage and increased premiums. Which of the following is TRUE?
A) Joe is not required to undergo the initial underwriting process but he cannot be reinstated under his personal plan unless he is free of pre-existing conditions.
B) Joe cannot be denied reinstatement into his same individual health insurance policy that lapsed as a result of Joe becoming covered by a government-sponsored health plan.
C) Joe cannot be denied reinstatement in his prior individual health insurance policy unless the federal government denies him coverage based on health conditions unrelated to his military service.
D) Joe is subject to being re-underwritten in terms of his current health conditions because he cannot be penalized with more restrictive coverage.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: B |






