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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
| Topic 1: Accident and Sickness Insurance | 15-20% | - Accident-only policies
- Hospital indemnity insurance
- Critical illness insurance
- Sickness-related coverage
|
| Topic 2: Ethics and Professional Conduct | 10-15% | - Antifraud regulations
- Disclosure requirements
- Handling customer complaints
- Fiduciary responsibilities
|
| Topic 3: Insurance Marketing and Sales | 10-15% | - Replacement regulations
- Sales practices and disclosures
- Suitable product recommendations
- Recordkeeping requirements
|
| Topic 4: Life Insurance Basics | 15-20% | - Policy provisions and riders
- Types of life insurance policies
- Cash value and loan provisions
- Beneficiary designations
|
| Topic 5: Health Insurance Fundamentals | 20-25% | - Health maintenance organizations (HMOs)
- Major medical insurance
- Dental and vision coverage
- Preferred provider organizations (PPOs)
- Disability income insurance
|
| Topic 6: Oklahoma Insurance Regulations | 20-25% | - Consumer protection regulations
- Unfair trade practices prohibitions
- Market conduct regulations
- Licensing requirements and procedures
- Oklahoma Insurance Code requirements
|
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
An insured with a major medical policy has a per cause deductible of $100. Over the course of the year, the insured visits the doctor's office three times for injuries. Excluding the premium, what is the MINIMUM amount the insured MUST pay for the year if each visit costs $200?
- A. $200
- B. $300
- C. $100
- D. $500
Reveal Solution
Discussion
Correct Answer: B 🗳️
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A fraternal benefit society is characterized by all of the following EXCEPT
- A. incorporated.
- B. for profit.
- C. conducted solely for the benefit of its members.
- D. without capital stock.
Reveal Solution
Discussion
Correct Answer: B 🗳️
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All of the following describe a whole life policy EXCEPT
- A. a policy of $1,000 minimum.
- B. provides coverage for the life of the policyholder.
- C. provides a death benefit only.
- D. premiums are payable until death.
Reveal Solution
Discussion
Correct Answer: A 🗳️
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On an individual insurance application, which of the following signatures is NOT required?
- A. Applicant.
- B. The producer.
- C. The insurer.
- D. Insured if different from the applicant.
Reveal Solution
Discussion
Correct Answer: C 🗳️
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An endorsement to an insurance policy that modifies clauses and provisions of the policy is referred to as
- A. an attachment.
- B. a rider.
- C. an add-on.
- D. a supplement.
Reveal Solution
Discussion
Correct Answer: B 🗳️
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