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Free Oklahoma Life, Accident, and Health or Sickness Producer Exam Practice Questions

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Exam style questions across every Ok-Life-Accident-and-Health-or-Sickness-Producer domain

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Total Questions : 155

Start with our free Ok-Life-Accident-and-Health-or-Sickness-Producer practice questions, carefully crafted to mirror the domains, phrasing, and difficulty of the real Life, Accident, and Health exam. Each Ok-Life-Accident-and-Health-or-Sickness-Producer exam question comes with a detailed rationale that explains not just which answer is correct but why the others fall short. That's how concepts stick. Use the free set to benchmark yourself: identify your Insurance Licensing weak domains, see where you're losing marks, and build a focused study plan in minutes.

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Question # 31

According to the IRS, which premiums may be tax deductible as a medical expense if the taxpayer’s medical expenses exceed 10% of their adjusted gross income?

Options:

A.  

Long-Term Care Insurance premiums

B.  

Group Disability Insurance premiums

C.  

Personal Disability Income Insurance premiums

D.  

Accidental Death and Dismemberment Insurance premiums

Discussion 0
Question # 32

Under a multiple protection policy, the policy that pays on the death of the last person is called

Options:

A.  

a universal life policy.

B.  

a survivorship life policy.

C.  

a joint life policy.

D.  

an annuity life policy.

Discussion 0
Question # 33

The grace period is a period of time

Options:

A.  

after the premium is paid and before the policy is issued.

B.  

after the premium is received and before the policy is issued.

C.  

between the death of the insured individual and the payment of the benefits.

D.  

when the policyowner is protected from an unintentional lapse of the policy.

Discussion 0
Question # 34

Which of the following is a potential DISADVANTAGE of a fixed annuity?

Options:

A.  

The insured invests payments in variable securities, and the return fluctuates with an uncertain economic market.

B.  

There is no guaranteed specific benefit amount to the annuitant.

C.  

Annuitants could experience a decrease in the purchasing power of their payments over a period of years due to inflation.

D.  

Payments continue only for a maximum of 2 years after the annuitant’s death.

Discussion 0
Question # 35

A fraternal benefit society is characterized by all of the following EXCEPT

Options:

A.  

incorporated.

B.  

without capital stock.

C.  

for profit.

D.  

conducted solely for the benefit of its members.

Discussion 0
Question # 36

Which rider would allow additional insurance to be purchased at specified dates or events, without additional underwriting?

Options:

A.  

Guaranteed renewability

B.  

Guaranteed insurability

C.  

Cost of living

D.  

Disability income

Discussion 0
Question # 37

The type of insurance used to indemnify a firm for the loss of earnings brought about by the death or disability of an officer or other significant employee is

Options:

A.  

business continuation life.

B.  

business overhead.

C.  

key person.

D.  

employee welfare.

Discussion 0
Question # 38

Accidental death covers death from

Options:

A.  

terminal illness.

B.  

drowning.

C.  

infections.

D.  

self-inflicted wounds.

Discussion 0
Question # 39

In addition to the actual policy, an entire contract includes which of the following?

Options:

A.  

Clauses.

B.  

Credit report.

C.  

Provisions.

D.  

The application.

Discussion 0
Question # 40

An insurance producer whose license has been revoked continues to provide insurance services. Which of the following is TRUE?

Options:

A.  

This violation can result in a fine of up to $10,000.

B.  

This violation is a felony and can result in a fine of up to $5,000.

C.  

This violation is a misdemeanor and can result in a fine of up to $500.

D.  

This individual could be committed to the custody of the Department of Corrections for up to 10 years.

Discussion 0

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