We're so confident of our products that we provide no hassle product exchange.
Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Overview:
| Certification Vendor: | Oklahoma Insurance Department |
| Exam Name: | Oklahoma Life, Accident, and Health or Sickness Producer Exam |
| Exam Number: | OK-Life-Accident-Health |
| Passing Score: | 70% |
| Exam Duration: | 90-180 |
| Available Languages: | English |
| Real Exam Qty: | 150-200 |
| Exam Price: | $50-80 |
| Certificate Validity Period: | License renewal every 2 years |
| Exam Format: | Multiple Choice, True/False |
| Related Certifications: | Oklahoma Property and Casualty Producer Oklahoma Insurance Broker |
| Sample Questions: | Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Sample Questions |
| Exam Way: | Computer-based testing at approved Pearson VUE or Prometric testing centers |
| Pre Condition: | Must complete pre-licensing education course (typically 20-40 hours depending on line of authority); fingerprints and background check required |
| Official Syllabus URL: | https://www.oid.ok.gov/ |
Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Life Insurance Basics | 15-20% | - Types of life insurance policies - Cash value and loan provisions - Beneficiary designations - Policy provisions and riders |
| Insurance Marketing and Sales | 10-15% | - Replacement regulations - Recordkeeping requirements - Sales practices and disclosures - Suitable product recommendations |
| Health Insurance Fundamentals | 20-25% | - Dental and vision coverage - Preferred provider organizations (PPOs) - Disability income insurance - Major medical insurance - Health maintenance organizations (HMOs) |
| Accident and Sickness Insurance | 15-20% | - Hospital indemnity insurance - Sickness-related coverage - Critical illness insurance - Accident-only policies |
| Ethics and Professional Conduct | 10-15% | - Handling customer complaints - Fiduciary responsibilities - Antifraud regulations - Disclosure requirements |
| Oklahoma Insurance Regulations | 20-25% | - Consumer protection regulations - Licensing requirements and procedures - Market conduct regulations - Unfair trade practices prohibitions - Oklahoma Insurance Code requirements |
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
1. Any person of competent legal capacity may contract for life and health insurance at a MINIMUM age of
A) 15.
B) 16.
C) 18.
D) 21.
2. In terms of consideration, in which of the following circumstances is a health insurance contract effective?
A) When the insured pays the premium and the policy is issued as applied for.
B) When the insurance company provides the services promised in the contract.
C) When the insured pays the premium for a plan.
D) When the contract has been signed by both the insured and the insurance company.
3. Which of the following BEST describes a waiver of premium clause in a typical disability policy?
A) This clause generally begins immediately with the doctor stating that the insured person is completely disabled.
B) The waiver of premium benefit pays the policy premium during a disability claim.
C) This clause eliminates any premium being paid for the lifetime of the insured individual.
D) The monthly benefit under the policy is reduced to offset the premium that is no longer being paid.
4. 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 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.
B) 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.
C) 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.
D) Joe is subject to being re-underwritten in terms of his current health conditions because he cannot be penalized with more restrictive coverage.
5. How are benefits treated for tax purposes if an individual is receiving disability insurance benefits from a group policy paid for by his employer?
A) They can be deducted from gross income.
B) They are not taxable.
C) They are only subject to Social Security and FUTA taxes.
D) They are taxable income.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: D |
By Reuben
