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Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
1. The insurer will issue to the policyowner, for delivery to each person insured under a group life policy, an individual:
A) rider.
B) policy.
C) application.
D) certificate.
2. An insured individual takes out a life insurance policy on himself and commits suicide 13 months later. Since the policy has an expressed provision limiting the liability of the insurer against suicide, the insurer is
A) obligated to reimburse the amount of the premiums paid for the policy.
B) not liable to make any payouts on the policy.
C) liable to pay the full value of the policy.
D) liable for the full value of the policy if the insured individual was proven to be insane at the time of his death.
3. Many Universal Life Policies will permit a partial surrender of cash value. The surrender amount would
A) have to be repaid.
B) increase the face amount.
C) not need to be repaid.
D) increase the cash value.
4. With the exception of non-payment of premiums, no life insurance policy shall be contestable after it has been in force during the lifetime of the insured for
A) 4 years.
B) 3 years.
C) 2 years.
D) 5 years.
5. In broad terms, the types of support and services generally associated with Long-Term Care policies are provided at which three levels of care?
A) Functional, rehabilitational, and medical care.
B) Home-based, assisted living, and medical care.
C) Skilled nursing, intermediate, and custodial care.
D) Professional, social, and economic care.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: C |
By Parker
