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Ok-Life-Accident-and-Health-or-Sickness-Producer Oklahoma Life, Accident, and Health or Sickness Producer Exam is now Stable and With Pass Result | Test Your Knowledge for Free

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Ok-Life-Accident-and-Health-or-Sickness-Producer Practice Questions

Oklahoma Life, Accident, and Health or Sickness Producer Exam

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Total Questions : 155

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Question # 11

The insured is dissatisfied with the handling of a claim. How long does the insured have to bring a lawsuit against the insurer?

Options:

A.  

1 year

B.  

3 years

C.  

5 years

D.  

7 years

Discussion 0
Question # 12

A person whose life is insured under a group insurance policy has the right to designate a beneficiary and the right to

Options:

A.  

cash in the surrender value.

B.  

convert the premiums to a different policy.

C.  

remain as an insured in the case of termination of employment.

D.  

have an individual policy issued in the case of termination of employment.

Discussion 0
Question # 13

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

Options:

A.  

any outstanding loans from any policies insured with the same insurance company.

B.  

premiums due if the premium has not been paid by the end of the grace period.

C.  

premiums needed to terminate the policy.

D.  

interest owed by the insured on outstanding policy loan amounts not repaid at the policy’s maturity date.

Discussion 0
Question # 14

In Oklahoma, a foreign insurer is one formed under the laws of

Options:

A.  

Oklahoma.

B.  

a country other than the United States.

C.  

another state or government of the United States.

D.  

Oklahoma or under the laws of a state geographically bordering Oklahoma.

Discussion 0
Question # 15

A condition for which medical advice, diagnosis, care, or treatment was recommended or received during the 6 months immediately preceding the effective date of group health coverage is

Options:

A.  

elimination period.

B.  

affiliation period.

C.  

diagnosed condition.

D.  

preexisting condition.

Discussion 0
Question # 16

All documents required under law in an insurance transaction may be stored, delivered, or presented by electronic means so long as it meets the requirements of the

Options:

A.  

Uniform Commercial Code.

B.  

Uniform Electronic Transaction Act.

C.  

Oklahoma Insurance Commissioner.

D.  

National Association of Insurance Commissioners.

Discussion 0
Question # 17

How many employees are REQUIRED before an employer is subject to COBRA?

Options:

A.  

20 employees

B.  

30 employees

C.  

31 employees

D.  

50 employees

Discussion 0
Question # 18

Returning part of the commission or giving anything of value to the insured as an inducement to buy a policy is

Options:

A.  

coercion.

B.  

defamation.

C.  

rebating.

D.  

controlled business.

Discussion 0
Question # 19

To be eligible for a small group health insurance plan, a company may NOT have more than how many employees?

Options:

A.  

2

B.  

10

C.  

40

D.  

50

Discussion 0
Question # 20

When would a supplemental attending physician’s statement be appropriate for life or health insurance purposes?

Options:

A.  

As a matter of routine when the applicant signs the life insurance application.

B.  

At the request of the insurance company without knowledge or approval of the applicant.

C.  

At the request of the insurance applicant to be submitted with the life insurance application.

D.  

At the request of the insurance company when it could affect the underwriting decision but with the consent of the applicant.

Discussion 0
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