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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 - Unfair trade practices prohibitions - Market conduct regulations - Oklahoma Insurance Code requirements - Consumer protection regulations |
| Topic 2: Insurance Marketing and Sales | 10-15% | - Replacement regulations - Recordkeeping requirements - Suitable product recommendations - Sales practices and disclosures |
| Topic 3: Ethics and Professional Conduct | 10-15% | - Handling customer complaints - Fiduciary responsibilities - Antifraud regulations - Disclosure requirements |
| Topic 4: Life Insurance Basics | 15-20% | - Beneficiary designations - Cash value and loan provisions - Types of life insurance policies - Policy provisions and riders |
| Topic 5: Health Insurance Fundamentals | 20-25% | - Dental and vision coverage - Health maintenance organizations (HMOs) - Major medical insurance - Disability income insurance - Preferred provider organizations (PPOs) |
| Topic 6: Accident and Sickness Insurance | 15-20% | - Accident-only policies - Hospital indemnity insurance - Critical illness insurance - Sickness-related coverage |
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
1. Transacting insurance includes any of the following EXCEPT
A) preliminary negotiations.
B) gathering prospective buyer information.
C) selling insurance.
D) delivering insurance contracts.
2. An insured receives a notice from the insurer that the policy has been cancelled in the middle of the term.
Which of the following policies did the insured MOST likely have?
A) Optionally renewable.
B) Term.
C) Conditionally renewable.
D) Cancelable.
3. Which one of the following types of benefits is often excluded from coverage under an HMO plan?
A) Adult routine eye examinations.
B) In-patient surgeries.
C) Out-of-area emergency services.
D) Physical examinations.
4. The change of beneficiary provision states that the insured has the right to change the beneficiary unless the beneficiary is
A) power of attorney.
B) uninsurable.
C) irrevocable.
D) deceased.
5. In terms of consideration, in which of the following circumstances is a health insurance contract effective?
A) When the insured pays the premium for a plan.
B) When the insurance company provides the services promised in the contract.
C) When the contract has been signed by both the insured and the insurance company.
D) When the insured pays the premium and the policy is issued as applied for.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: D |
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