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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:

Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:

1. Failure of an insurance producer to complete the continuing education requirements may result in

A) an additional 20 continuing education hours the following year.
B) a felony conviction.
C) revocation of license.
D) nonrenewal of license.

2. The insured is dissatisfied with the handling of a claim. How long does the insured have to bring a lawsuit against the insurer?

A) 1 year
B) 5 years
C) 7 years
D) 3 years

3. A license is NOT required when you are

A) negotiating insurance.
B) selling insurance.
C) providing referrals.
D) soliciting insurance.

4. Which of the following is NOT a right of the life insurance policyowner?

A) Borrow from the cash values.
B) Revoke an absolute assignment.
C) Assign or transfer the policy.
D) Select and change a beneficiary.

5. Under a multiple protection policy, the policy that pays on the death of the last person is called

A) a survivorship life policy.
B) a joint life policy.
C) a universal life policy.
D) an annuity life policy.

Solutions: