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

1. When would a supplemental attending physician's statement be appropriate for life or health insurance purposes?

A) At the request of the insurance company without knowledge or approval of the applicant.
B) As a matter of routine when the applicant signs the life insurance application.
C) At the request of the insurance company when it could affect the underwriting decision but with the consent of the applicant.
D) At the request of the insurance applicant to be submitted with the life insurance application.


2. Which of the following is one of the MAIN tasks of a field underwriter?

A) Approving an individual's policy.
B) Editing an applicant's report to ensure approval.
C) Ensure the accuracy and completeness of an individual's medical information.
D) Obtaining a Medical Information Bureau (MIB) report.


3. All of the following are Medicare Advantage Plans EXCEPT

A) Social Security Disability Income (SSDI).
B) Health Maintenance Organization (HMO).
C) Private Fee-For-Service (PFFS).
D) Preferred Provider Organization (PPO).


4. An alien insurer is which one of the following?

A) One formed under the laws of a state geographically bordering Oklahoma.
B) One formed under the laws of Oklahoma.
C) One formed under the laws of a country other than the United States of America.
D) One formed under the laws of a state other than Oklahoma.


5. Failure of an insurance producer to complete the continuing education requirements may result in

A) an additional 20 continuing education hours the following year.
B) revocation of license.
C) nonrenewal of license.
D) a felony conviction.


Solutions:

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

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