Last Updated: Aug 17, 2026
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Insurance Marketing and Sales | 10-15% | - Sales practices and disclosures - Recordkeeping requirements - Replacement regulations - Suitable product recommendations |
| Topic 2: Accident and Sickness Insurance | 15-20% | - Critical illness insurance - Hospital indemnity insurance - Accident-only policies - Sickness-related coverage |
| Topic 3: Oklahoma Insurance Regulations | 20-25% | - Licensing requirements and procedures - Consumer protection regulations - Market conduct regulations - Unfair trade practices prohibitions - Oklahoma Insurance Code requirements |
| Topic 4: Ethics and Professional Conduct | 10-15% | - Antifraud regulations - Disclosure requirements - Fiduciary responsibilities - Handling customer complaints |
| Topic 5: Life Insurance Basics | 15-20% | - Types of life insurance policies - Cash value and loan provisions - Beneficiary designations - Policy provisions and riders |
| Topic 6: Health Insurance Fundamentals | 20-25% | - Preferred provider organizations (PPOs) - Dental and vision coverage - Health maintenance organizations (HMOs) - Disability income insurance - Major medical insurance |
1. A common disaster provision states that if the beneficiary dies from the same accident as the insured individual, the insurer will proceed as if the
A) beneficiary was never named on the policy.
B) insured individual outlived the beneficiary.
C) beneficiary outlived the insured individual.
D) beneficiary and the insured individual died simultaneously.
2. The elimination period in an individual disability insurance policy refers to the
A) amount of time a disabled person must wait before benefits are paid.
B) point in time when benefits are exhausted.
C) length of time a policy will continue to pay for specific disabilities.
D) period of time that benefits are still payable after an insurance company discontinues a policy.
3. The type of annuity in which all payments cease upon the death of an annuitant is referred to as a
A) life annuity.
B) terminal annuity.
C) finite annuity.
D) refund annuity.
4. What is it called when a health insurance policy terminates and the policyholder is allowed to receive benefits past the termination date of the policy?
A) extension of benefits.
B) duration of coverage.
C) notification statement.
D) qualifying event.
5. Which of the following BEST describes a waiver of premium clause in a typical disability policy?
A) This clause eliminates any premium being paid for the lifetime of the insured individual.
B) The waiver of premium benefit pays the policy premium during a disability claim.
C) This clause generally begins immediately with the doctor stating that the insured person is completely disabled.
D) The monthly benefit under the policy is reduced to offset the premium that is no longer being paid.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: B |
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