OKLAHOMA LIFE HEALTH INSURANCE LATEST
COMPREHENSIVE EXAM QUESTIONS AND ANSWERS
SURE A+
✔✔Which of the following statements regarding Group Disability Income insurance is
TRUE?
It pays 100% or more of an insured's income in the event of
disability
It provides benefits for nonoccupational illnesses and injuries
It is generally more expensive than individual policies
It usually pays for occupation-related disabilities - ✔✔It provides benefits for
nonoccupational illnesses and injuries
✔✔In the state of Oklahoma, to qualify for a Resident Producer license each of the
following is required EXCEPT?
Pass state exam
Attained age of 18
,Must be fit for license
Must have residence in Oklahoma for 6 months prior to submitting the license
application - ✔✔Must have residence in Oklahoma for 6 months prior to submitting the
license application
✔✔Matt is applying for life insurance and requests a double indemnity rider. A double
indemnity benefit will be payable to Matt's beneficiary if Matt
is killed while committing a felony
dies of a stroke
dies instantly from a car accident
is injured in a skiing accident and dies 18 months later - ✔✔dies instantly from a car
accident
✔✔Which of the following signatures is not required on an individual insurance
application?
Producer
Applicant
Insured
Insurer - ✔✔Insurer
✔✔What happens when an insurance policy is backdated?
The policy's elimination period is waived
The time frame for reinstating a lapsed policy is extended
The policy's probation period is earlier than the present
The policy's effective date is earlier than the present - ✔✔The policy's effective date is
earlier than the present
✔✔The difference between a Long Term Care Partnership Plan and a Non-Partnership
Plan is which of the following?
Pre-existing conditions
, Level of benefits
Asset Protection
Elimination period - ✔✔Asset Protection
✔✔A change in an insurance application requires?
an initial made by the producer
an initial made by the applicant
approval by the insurer
submitting a new application - ✔✔an initial made by the applicant
✔✔Which of the following is NOT a qualification to be licensed as a producer or
adjuster?
18 years of age
Authorized to work in the United States
A high school diploma
Successfully passing the examination - ✔✔A high school diploma
✔✔An insurer will accept a premium from the insured and continue the coverage in full
force as though it was NOT late during which time period?
Incontestable period
Probation period
Reinstatement period
Grace period - ✔✔Grace period
✔✔Under the Oklahoma Insurance Code, a licensed insurance producer is prohibited
from which of the following?
Inviting a client to his or her home for a holiday party
COMPREHENSIVE EXAM QUESTIONS AND ANSWERS
SURE A+
✔✔Which of the following statements regarding Group Disability Income insurance is
TRUE?
It pays 100% or more of an insured's income in the event of
disability
It provides benefits for nonoccupational illnesses and injuries
It is generally more expensive than individual policies
It usually pays for occupation-related disabilities - ✔✔It provides benefits for
nonoccupational illnesses and injuries
✔✔In the state of Oklahoma, to qualify for a Resident Producer license each of the
following is required EXCEPT?
Pass state exam
Attained age of 18
,Must be fit for license
Must have residence in Oklahoma for 6 months prior to submitting the license
application - ✔✔Must have residence in Oklahoma for 6 months prior to submitting the
license application
✔✔Matt is applying for life insurance and requests a double indemnity rider. A double
indemnity benefit will be payable to Matt's beneficiary if Matt
is killed while committing a felony
dies of a stroke
dies instantly from a car accident
is injured in a skiing accident and dies 18 months later - ✔✔dies instantly from a car
accident
✔✔Which of the following signatures is not required on an individual insurance
application?
Producer
Applicant
Insured
Insurer - ✔✔Insurer
✔✔What happens when an insurance policy is backdated?
The policy's elimination period is waived
The time frame for reinstating a lapsed policy is extended
The policy's probation period is earlier than the present
The policy's effective date is earlier than the present - ✔✔The policy's effective date is
earlier than the present
✔✔The difference between a Long Term Care Partnership Plan and a Non-Partnership
Plan is which of the following?
Pre-existing conditions
, Level of benefits
Asset Protection
Elimination period - ✔✔Asset Protection
✔✔A change in an insurance application requires?
an initial made by the producer
an initial made by the applicant
approval by the insurer
submitting a new application - ✔✔an initial made by the applicant
✔✔Which of the following is NOT a qualification to be licensed as a producer or
adjuster?
18 years of age
Authorized to work in the United States
A high school diploma
Successfully passing the examination - ✔✔A high school diploma
✔✔An insurer will accept a premium from the insured and continue the coverage in full
force as though it was NOT late during which time period?
Incontestable period
Probation period
Reinstatement period
Grace period - ✔✔Grace period
✔✔Under the Oklahoma Insurance Code, a licensed insurance producer is prohibited
from which of the following?
Inviting a client to his or her home for a holiday party
