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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 # 41

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?

Options:

A.  

Joe is subject to being re-underwritten in terms of his current health conditions because he cannot be penalized with more restrictive coverage.

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 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.

Discussion 0
Question # 42

Premiums paid by the insured for personally owned disability income insurance are

Options:

A.  

not tax deductible.

B.  

tax deductible.

C.  

partially tax deductible.

D.  

tax deferred.

Discussion 0
Question # 43

Under Medicare Hospital Insurance Part A, there are no medical benefits provided for treatment in a skilled nursing facility beyond

Options:

A.  

30 days.

B.  

60 days.

C.  

100 days.

D.  

180 days.

Discussion 0
Question # 44

Any act, practice, or arrangement, at or prior to a policy issuance for the benefit of a person who does NOT have an insurable interest in the insured is called a

Options:

A.  

life settlement.

B.  

settlement option.

C.  

financial transaction.

D.  

stranger-owned life insurance (STOLI) policy.

Discussion 0
Question # 45

A PRIMARY difference between precertification provision and concurrent review is that only the precertification provision

Options:

A.  

is designed to be a cost containment measure.

B.  

involves a review by the insurance company.

C.  

requires the consent of the patient.

D.  

occurs before the treatment is provided.

Discussion 0
Question # 46

From an insured’s perspective, what is the PRIMARY and MOST attractive feature of a viatical settlement?

Options:

A.  

Discounted premiums.

B.  

Reduced prepayment of a death benefit.

C.  

Policy assignment provisions.

D.  

Guaranteed renewability.

Discussion 0
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