Oklahoma Life & Health Insurance Exam Study Guide with Practice Questions and Answers 1 2026-02-28
Oklahoma Life & Health
Insurance Exam Study
Guide with Practice
Questions and Answers
Page 1
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_ Oklahoma Life & Health Insurance Exam Study Guide with Practice Questions and Answers.pdf
,Oklahoma Life & Health Insurance Exam 2 2026-02-28
In Oklahoma, a life insurance policy loan may NOT exceed an interest rate of
8%
Under HIPAA requirements, eligibility for the pre-existing conditions exclusion waiver under new
coverage is lost if
there is a break in coverage of more than 63 days
Which of the following health insurance provisions requires that the application becomes part of the
policy?
Entire Contract clause
impatient psychiatric care is covered under Part A Medicare for 190 days per
lifetime
Page 2 Oklahoma Life & Health Insurance Exam.pdf
,Oklahoma Life & Health Insurance Exam 3 2026-02-28
What happens when a policyowner borrows against the cash value of his life insurance policy?
The policy proceeds would be reduced by the outstanding loan balance
ABC Corporation purchases and is beneficiary of an individual disability income insurance policy on
a key employee. Which of the following statements is true?
Benefits are received tax-free by the company
All parts of the Medicare program (except for public information and enrollment) are administered
by which federal agency?
The Centers of Medicare and Medicaid Services
Which of the following is NOT an intended use of an annuity?
Create new funds upon the death of wage-earner
Page 3 Oklahoma Life & Health Insurance Exam.pdf
, Oklahoma Life & Health Insurance Exam 4 2026-02-28
Part A Medicare includes coverage for all of the following services EXCEPT
120 days of Skilled Nursing Facility care
Which of these factors does NOT affect the life insurance premium rates?
Producer Certification
A license is NOT required when you are
providing referrals
Producers must complete a total of ___ Continuing Education credits for each two-year licensing
period.
24
Page 4 Oklahoma Life & Health Insurance Exam.pdf
Oklahoma Life & Health
Insurance Exam Study
Guide with Practice
Questions and Answers
Page 1
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_ Oklahoma Life & Health Insurance Exam Study Guide with Practice Questions and Answers.pdf
,Oklahoma Life & Health Insurance Exam 2 2026-02-28
In Oklahoma, a life insurance policy loan may NOT exceed an interest rate of
8%
Under HIPAA requirements, eligibility for the pre-existing conditions exclusion waiver under new
coverage is lost if
there is a break in coverage of more than 63 days
Which of the following health insurance provisions requires that the application becomes part of the
policy?
Entire Contract clause
impatient psychiatric care is covered under Part A Medicare for 190 days per
lifetime
Page 2 Oklahoma Life & Health Insurance Exam.pdf
,Oklahoma Life & Health Insurance Exam 3 2026-02-28
What happens when a policyowner borrows against the cash value of his life insurance policy?
The policy proceeds would be reduced by the outstanding loan balance
ABC Corporation purchases and is beneficiary of an individual disability income insurance policy on
a key employee. Which of the following statements is true?
Benefits are received tax-free by the company
All parts of the Medicare program (except for public information and enrollment) are administered
by which federal agency?
The Centers of Medicare and Medicaid Services
Which of the following is NOT an intended use of an annuity?
Create new funds upon the death of wage-earner
Page 3 Oklahoma Life & Health Insurance Exam.pdf
, Oklahoma Life & Health Insurance Exam 4 2026-02-28
Part A Medicare includes coverage for all of the following services EXCEPT
120 days of Skilled Nursing Facility care
Which of these factors does NOT affect the life insurance premium rates?
Producer Certification
A license is NOT required when you are
providing referrals
Producers must complete a total of ___ Continuing Education credits for each two-year licensing
period.
24
Page 4 Oklahoma Life & Health Insurance Exam.pdf
