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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Oklahoma Insurance Regulations | 20-25% | - Oklahoma Insurance Code requirements - Unfair trade practices prohibitions - Licensing requirements and procedures - Market conduct regulations - Consumer protection regulations |
| Insurance Marketing and Sales | 10-15% | - Sales practices and disclosures - Suitable product recommendations - Replacement regulations - Recordkeeping requirements |
| Ethics and Professional Conduct | 10-15% | - Handling customer complaints - Antifraud regulations - Disclosure requirements - Fiduciary responsibilities |
| Life Insurance Basics | 15-20% | - Types of life insurance policies - Beneficiary designations - Policy provisions and riders - Cash value and loan provisions |
| Accident and Sickness Insurance | 15-20% | - Critical illness insurance - Accident-only policies - Hospital indemnity insurance - Sickness-related coverage |
| Health Insurance Fundamentals | 20-25% | - Dental and vision coverage - Preferred provider organizations (PPOs) - Major medical insurance - Disability income insurance - Health maintenance organizations (HMOs) |
Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
1. An insured with a major medical policy has a per cause deductible of $100. Over the course of the year, the insured visits the doctor's office three times for injuries. Excluding the premium, what is the MINIMUM amount the insured MUST pay for the year if each visit costs $200?
A) $100
B) $500
C) $300
D) $200
2. A policyowner purchased a whole life policy. How long after purchase can the policyowner borrow against the cash value of the policy?
A) 1 year
B) 2 years
C) 3 years
D) never
3. On an individual insurance application, which of the following signatures is NOT required?
A) The insurer.
B) Applicant.
C) The producer.
D) Insured if different from the applicant.
4. The type of insurance used to indemnify a firm for the loss of earnings brought about by the death or disability of an officer or other significant employee is
A) business continuation life.
B) key person.
C) business overhead.
D) employee welfare.
5. A whole life policy payment period is related to an annual premium in which of the following ways?
A) The shorter the payment period, the higher the annual premium.
B) The shorter the payment period, the lower the annual premium.
C) The longer the payment period, the higher the annual premium.
D) The payment period is not related to the annual premium.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: A |



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