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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| General Insurance Knowledge | 72% | - Life Insurance Basics
|
| Oklahoma State-Specific Knowledge | 28% | - Consumer Protection and Ethics
|
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
1. A common disaster provision states that if the beneficiary dies from the same accident as the insured individual, the insurer will proceed as if the
A) beneficiary was never named on the policy.
B) insured individual outlived the beneficiary.
C) beneficiary and the insured individual died simultaneously.
D) beneficiary outlived the insured individual.
2. An endorsement to an insurance policy that modifies clauses and provisions of the policy is referred to as
A) an add-on.
B) a supplement.
C) an attachment.
D) a rider.
3. An agent's underwriting duties include which of the following?
A) Setting premium amounts.
B) Completing all applications and collecting initial premiums.
C) Declining or accepting an application.
D) Issuing the policy.
4. An accelerated death benefit provision allows a portion of the death benefits to be paid to the insured prior to death if the insured
A) has reached retirement age.
B) has a terminal illness.
C) has a dependent with a serious illness.
D) becomes disabled.
5. Both husband and wife have group health insurance through their employers. Each spouse is covered under both policies. Under the coordination of benefits provision, how will the benefits be paid if the wife incurs a
$400 covered loss?
A) The primary insurer will pay as much of the claim as the policy permits, then the secondary insurer will pay the remainder of the claim as its policy permits.
B) Only the wife's insurer will pay expenses toward the loss.
C) Only the primary insurer will pay expenses toward the loss under the limits of the plan.
D) The husband's insurer will pay as much of the claim as the policy permits, then the wife's insurer will pay the remainder.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: A |



