- Exam Code: Ok-Life-Accident-and-Health-or-Sickness-Producer
- Exam Name: Oklahoma Life, Accident, and Health or Sickness Producer Exam
- Updated: Aug 08, 2026
- Q & A: 157 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Insurance Marketing and Sales | 10-15% | - Suitable product recommendations - Replacement regulations - Recordkeeping requirements - Sales practices and disclosures |
| Life Insurance Basics | 15-20% | - Beneficiary designations - Policy provisions and riders - Cash value and loan provisions - Types of life insurance policies |
| Oklahoma Insurance Regulations | 20-25% | - Unfair trade practices prohibitions - Consumer protection regulations - Licensing requirements and procedures - Oklahoma Insurance Code requirements - Market conduct regulations |
| Ethics and Professional Conduct | 10-15% | - Fiduciary responsibilities - Handling customer complaints - Disclosure requirements - Antifraud regulations |
| Health Insurance Fundamentals | 20-25% | - Disability income insurance - Health maintenance organizations (HMOs) - Major medical insurance - Preferred provider organizations (PPOs) - Dental and vision coverage |
| Accident and Sickness Insurance | 15-20% | - Critical illness insurance - Sickness-related coverage - Accident-only policies - Hospital indemnity insurance |
1. When can an insurer cancel a Medicare supplement plan?
A) On a date specified in the policy.
B) At the enrollment period.
C) After nonpayment.
D) At any time.
2. An example of a false financial statement is which one of the following?
A) An insurance producer published an untrue newspaper advertisement about another producer.
B) An insurance producer posts information about a profitable insurer going bankrupt.
C) An insurance producer mails out hateful postcards about a local insurer.
D) An insurance producer hands out flyers about another producer's criminal past.
3. Mortgage redemption or cancellation insurance is a form of what type of insurance?
A) Increasing term.
B) Decreasing term.
C) Level premium universal life.
D) Level premium whole life.
4. An accelerated death benefit provision allows a portion of the death benefits to be paid to the insured prior to death if the insured
A) has a terminal illness.
B) has a dependent with a serious illness.
C) becomes disabled.
D) has reached retirement age.
5. Upon receipt of notice of claim, the insurance company will furnish to the claimant such forms for filing proof of loss within how many days?
A) 30
B) 10
C) 20
D) 15
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: D |
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