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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Oklahoma Insurance Regulations | 20-25% | - Licensing requirements and procedures - Oklahoma Insurance Code requirements - Unfair trade practices prohibitions - Consumer protection regulations - Market conduct regulations |
| Topic 2: Health Insurance Fundamentals | 20-25% | - Preferred provider organizations (PPOs) - Major medical insurance - Disability income insurance - Dental and vision coverage - Health maintenance organizations (HMOs) |
| Topic 3: Ethics and Professional Conduct | 10-15% | - Disclosure requirements - Handling customer complaints - Fiduciary responsibilities - Antifraud regulations |
| Topic 4: Accident and Sickness Insurance | 15-20% | - Critical illness insurance - Sickness-related coverage - Hospital indemnity insurance - Accident-only policies |
| Topic 5: Insurance Marketing and Sales | 10-15% | - Suitable product recommendations - Recordkeeping requirements - Sales practices and disclosures - Replacement regulations |
| Topic 6: Life Insurance Basics | 15-20% | - Policy provisions and riders - Beneficiary designations - Types of life insurance policies - Cash value and loan provisions |
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
In conjunction with an Oklahoma insurance producer or adjuster license renewal, which one of the following is a continuing education requirement?
- A. 26 hours every 3 years.
- B. 18 hours every 2 years.
- C. 12 hours annually.
- D. 24 hours every 2 years.
Correct Answer: D 🗳️
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To be eligible for a small group health insurance plan, a company may NOT have more than how many employees?
- A. 50
- B. 2
- C. 10
- D. 40
Correct Answer: A 🗳️
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One advantage of a whole life insurance policy is that it offers
- A. Permanent coverage.
- B. Initial lower premiums.
- C. Variable premium amounts.
- D. Liberal underwriting guidelines.
Correct Answer: A 🗳️
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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
- A. lump sum.
- B. fixed period.
- C. fixed amount.
- D. interest only.
Correct Answer: D 🗳️
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How does a survivorship life policy payout?
- A. upon granting of a divorce decree
- B. upon the death of the first insured
- C. upon the death of the last surviving insured
- D. upon attainment of a fixed age
Correct Answer: C 🗳️
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