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Oklahoma Life, Accident, and Health or Sickness Producer Exam

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Total Questions : 155

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Question # 1

Which of the following describes the gatekeeper strategy used by HMOs?

Options:

A.  

The refusal of coverage for patients with preexisting conditions.

B.  

The process of obtaining referrals to specialists from primary care physicians.

C.  

The emphasis on preventing enrollees from using patient services.

D.  

The use of supplemental services on an additional cost basis.

Discussion 0
Question # 2

Which of the following provisions allows a person to temporarily give up a portion of their ownership rights to secure a loan?

Options:

A.  

Reinstatement.

B.  

Entire contract.

C.  

Collateral assignment.

D.  

Automatic premium loan.

Discussion 0
Question # 3

The settlement option that allows proceeds to remain with the insurer and the earnings to be paid to the beneficiary on a monthly basis is called

Options:

A.  

interest only.

B.  

lump sum.

C.  

fixed period.

D.  

fixed amount.

Discussion 0
Question # 4

A new mother is guaranteed a 48-hour hospital stay after a regular delivery of a child under which federal law and regulations for group health insurance?

Options:

A.  

COBR

A.  

B.  

Medicaid.

C.  

HIPA

A.  

D.  

ERIS

A.  

Discussion 0
Question # 5

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

Options:

A.  

insured individual outlived the beneficiary.

B.  

beneficiary outlived the insured individual.

C.  

beneficiary and the insured individual died simultaneously.

D.  

beneficiary was never named on the policy.

Discussion 0
Question # 6

Misrepresenting the advantages and benefits of a new policy to induce replacement of an existing policy is

Options:

A.  

rebating.

B.  

twisting.

C.  

defamation.

D.  

forfeiting.

Discussion 0
Question # 7

The ownership provision of a life insurance policy states that during the insured individual’s lifetime, the rights and privileges belong to the

Options:

A.  

insured individual only

B.  

owner only

C.  

insured individual’s family

D.  

beneficiaries

Discussion 0
Question # 8

Which of the following BEST describes a waiver of premium clause in a typical disability policy?

Options:

A.  

The waiver of premium benefit pays the policy premium during a disability claim.

B.  

This clause eliminates any premium being paid for the lifetime of the insured individual.

C.  

The monthly benefit under the policy is reduced to offset the premium that is no longer being paid.

D.  

This clause generally begins immediately with the doctor stating that the insured person is completely disabled.

Discussion 0
Question # 9

An accelerated death benefit provision allows a portion of the death benefits to be paid to the insured prior to death if the insured

Options:

A.  

becomes disabled.

B.  

has a terminal illness.

C.  

has reached retirement age.

D.  

has a dependent with a serious illness.

Discussion 0
Question # 10

In conjunction with an Oklahoma insurance producer or adjuster license renewal, which one of the following is a continuing education requirement?

Options:

A.  

12 hours annually.

B.  

18 hours every 2 years.

C.  

24 hours every 2 years.

D.  

26 hours every 3 years.

Discussion 0
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