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Ok-Life-Accident-and-Health-or-Sickness-Producer PDF Practice Q&A's
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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: General Insurance Knowledge | 72% | - Life Insurance Basics
|
| Topic 2: Oklahoma State-Specific Knowledge | 28% | - Consumer Protection and Ethics
|
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
In regards to advertising, insurers are responsible for which of the following?
- A. maintaining control of communications between agents.
- B. maintaining control over the cost of production.
- C. maintaining control over content and form.
- D. maintaining control over the cost of delivery.
Correct Answer: C 🗳️
Explanation: Only visible for PremiumVCEDump members. You can sign-up / login (it's free).
What is the purpose of the coordination of benefits provision in group health care?
- A. To ensure that the insured gets all the treatment needed.
- B. To protect a secondary insurer from paying a claim.
- C. To determine what is paid by the primary and secondary insurers in case of a claim.
- D. To determine which parent's plan covers a dependent child.
Correct Answer: C 🗳️
Explanation: Only visible for PremiumVCEDump members. You can sign-up / login (it's free).
Under the Fair Credit Reporting Act, a consumer report includes
- A. communication of information by a consumer reporting agency bearing on a consumer's credit standing, worthiness, or personal characteristics.
- B. any report containing information solely as to transactions between the consumer and the person making the report.
- C. any authorizations or approval of a specific extension of credit, directly or indirectly, by the issuer of a credit card.
- D. communication of information among persons related by common ownership.
Correct Answer: A 🗳️
Explanation: Only visible for PremiumVCEDump members. You can sign-up / login (it's free).
The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as
- A. churning.
- B. subrogation.
- C. rebating.
- D. twisting.
Correct Answer: D 🗳️
Explanation: Only visible for PremiumVCEDump members. You can sign-up / login (it's free).
Every licensee must keep records pertaining to insurance transactions for how many years?
- A. 3
- B. 5
- C. 7
- D. 10
Correct Answer: B 🗳️
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