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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Life Insurance Basics | 15-20% | - Policy provisions and riders - Beneficiary designations - Cash value and loan provisions - Types of life insurance policies |
| Topic 2: Oklahoma Insurance Regulations | 20-25% | - Oklahoma Insurance Code requirements - Licensing requirements and procedures - Market conduct regulations - Unfair trade practices prohibitions - Consumer protection regulations |
| Topic 3: Accident and Sickness Insurance | 15-20% | - Accident-only policies - Sickness-related coverage - Hospital indemnity insurance - Critical illness insurance |
| Topic 4: Health Insurance Fundamentals | 20-25% | - Preferred provider organizations (PPOs) - Major medical insurance - Health maintenance organizations (HMOs) - Disability income insurance - Dental and vision coverage |
| Topic 5: Insurance Marketing and Sales | 10-15% | - Suitable product recommendations - Sales practices and disclosures - Replacement regulations - Recordkeeping requirements |
| Topic 6: Ethics and Professional Conduct | 10-15% | - Antifraud regulations - Fiduciary responsibilities - Disclosure requirements - Handling customer complaints |
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
1. Jim purchased a $200,000 level term-to-age-65 life insurance policy when he was 35 years old. If Jim dies at age 50, what death benefit would be paid by this policy?
A) $200,000
B) $150,000
C) $100,000
D) $50,000
2. In a life insurance cash value policy, the automatic premium loan provision authorizes the insurance company to withdraw from the policy's cash values the amount of
A) interest owed by the insured on outstanding policy loan amounts not repaid at the policy's maturity date.
B) premiums needed to terminate the policy.
C) any outstanding loans from any policies insured with the same insurance company.
D) premiums due if the premium has not been paid by the end of the grace period.
3. An insured with a major medical policy has a per cause deductible of $100. Over the course of the year, the insured visits the doctor's office three times for injuries. Excluding the premium, what is the MINIMUM amount the insured MUST pay for the year if each visit costs $200?
A) $500
B) $100
C) $200
D) $300
4. What is the main reason a Medicare supplement policy is purchased?
A) to cover long-term care services
B) to cover prescription drugs filled at the pharmacy
C) to cover dental services
D) to fill the gaps not covered by Medicare Parts A and B
5. Any person entitled to reimbursement for expenses of health care services and procedures under an Accident and Health Insurance Policy issued by an insurer is
A) a practitioner.
B) a Preferred Provider Organization.
C) an insurer.
D) an insured.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: D |


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