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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Annuities | - Annuity payout options - Fixed and variable annuities |
| State Insurance Regulations (Oklahoma) | - Unfair trade practices and ethics - Oklahoma Insurance Code and regulations - Producer licensing requirements and conduct |
| Accident and Health Insurance | - Medical expense coverage concepts - Disability income insurance - Health insurance policy types |
| Life Insurance Concepts | - Beneficiaries and settlements - Policy provisions, riders, and options - Types of life insurance policies |
| General Insurance Principles | - Risk management and insurance concepts - Insurable interest and underwriting basics |
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
A policyowner purchased a whole life policy. How long after purchase can the policyowner borrow against the cash value of the policy?
- A. never
- B. 1 year
- C. 3 years
- D. 2 years
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
Which of the following is NOT a requirement to become a resident producer or adjuster in Oklahoma?
- A. Successfully passing a licensing examination.
- B. Be at least 18 years of age.
- C. Live in Oklahoma for a period of 6 months or more.
- D. Must be of good personal and business reputation.
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
An insurance producer who knowingly and willfully makes a fraudulent statement relating to an application for insurance is subject to all of the following EXCEPT
- A. suspension.
- B. discrimination.
- C. revocation.
- D. censure.
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
An accelerated death benefit provision allows a portion of the death benefits to be paid to the insured prior to death if the insured
- A. has reached retirement age.
- B. has a dependent with a serious illness.
- C. becomes disabled.
- D. has a terminal illness.
Explanation: Only visible for RealVCE members. You can sign-up / login (it's free).
Laura has a group medical plan that has an 80% coinsurance provision but no deductible. She recently incurred a $1,000 medical bill. How much will Laura have to pay?
- A. $800
- B. $200
- C. $0
- D. $1,000
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