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

SectionWeightObjectives
Topic 1: General Insurance Knowledge72%- Life Insurance Basics
  • 1. Types of life policies
  • 2. Underwriting and issue
  • 3. Policy provisions and riders
- Health and Accident Insurance Basics
  • 1. Accident and sickness coverage
  • 2. Health insurance policies
  • 3. Disability income insurance
- Insurance Regulation
  • 1. Licensing requirements
  • 2. Unfair trade practices
  • 3. Federal and state laws
- Annuities
  • 1. Types of annuities
  • 2. Features and taxation
Topic 2: Oklahoma State-Specific Knowledge28%- Consumer Protection and Ethics
  • 1. Unfair claims practices
  • 2. Privacy and disclosure requirements
- State Licensing and Renewal
  • 1. Continuing education rules
  • 2. Residency requirements
- Policy Provisions Required in Oklahoma
  • 1. Reinstatement and replacement rules
  • 2. Grace periods, free look, incontestability
- Oklahoma Insurance Statutes and Rules
  • 1. Oklahoma Administrative Code provisions
  • 2. Title 36 Oklahoma Statutes

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.
Reveal Solution  Discussion  0

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.
Reveal Solution  Discussion  0

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.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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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.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Every licensee must keep records pertaining to insurance transactions for how many years?

  • A. 3
  • B. 5
  • C. 7
  • D. 10
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for PremiumVCEDump members. You can sign-up / login (it's free).

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