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

1. In a term life insurance policy, premiums may be increased at the renewal of the policy. Prior to renewal, the premiums would be considered

A) level.
B) variable.
C) adjustable.
D) convertible.


2. Which of the following is a core benefit of Medicare supplemental insurance?

A) At-home recovery.
B) Basic drugs limit of $1,250.
C) First 3 pints of blood each year.
D) Preventive care.


3. How will covered expenses be paid if an insured has a scheduled dental policy?

A) Benefits will be limited to a specific maximum dollar amount per procedure.
B) After the deductible is paid, benefits will be paid in a lump sum directly to the insured.
C) All expenses will be paid after the insured's deductible is paid.
D) The insurer will pay a percentage of each expense.


4. One advantage of a whole life insurance policy is that it offers

A) Liberal underwriting guidelines.
B) Permanent coverage.
C) Variable premium amounts.
D) Initial lower premiums.


5. A person whose life is insured under a group insurance policy has the right to designate a beneficiary and the right to

A) cash in the surrender value.
B) convert the premiums to a different policy.
C) remain as an insured in the case of termination of employment.
D) have an individual policy issued in the case of termination of employment.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: C
Question # 3
Answer: A
Question # 4
Answer: B
Question # 5
Answer: D

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