Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer : Ok-Life-Accident-and-Health-or-Sickness-Producer

  • Exam Code: Ok-Life-Accident-and-Health-or-Sickness-Producer
  • Exam Name: Oklahoma Life, Accident, and Health or Sickness Producer Exam
  • Updated: Sep 19, 2026     Q & A: 157 Questions and Answers

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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:

SectionWeightObjectives
General Insurance Knowledge72%- Annuities
  • 1. Types of annuities
  • 2. Features and taxation
- Insurance Regulation
  • 1. Federal and state laws
  • 2. Licensing requirements
  • 3. Unfair trade practices
- Health and Accident Insurance Basics
  • 1. Disability income insurance
  • 2. Health insurance policies
  • 3. Accident and sickness coverage
- Life Insurance Basics
  • 1. Underwriting and issue
  • 2. Policy provisions and riders
  • 3. Types of life policies
Oklahoma State-Specific Knowledge28%- Consumer Protection and Ethics
  • 1. Privacy and disclosure requirements
  • 2. Unfair claims practices
- Oklahoma Insurance Statutes and Rules
  • 1. Title 36 Oklahoma Statutes
  • 2. Oklahoma Administrative Code provisions
- State Licensing and Renewal
  • 1. Residency requirements
  • 2. Continuing education rules
- Policy Provisions Required in Oklahoma
  • 1. Reinstatement and replacement rules
  • 2. Grace periods, free look, incontestability

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

Question #1

In reference to life insurance in contract law, a person MOST likely will have an insurable interest in insuring a person's life if

  • A. a financial benefit exists from the continuance of the insured party's life.
  • B. the interest exists at the time of death rather than at the time the policy is purchased.
  • C. she has any type of distant family relationship with the insured party.
  • D. any type of business relationship exists between the insured party and the beneficiary.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

The grace period is a period of time

  • A. between the death of the insured individual and the payment of the benefits.
  • B. after the premium is received and before the policy is issued.
  • C. after the premium is paid and before the policy is issued.
  • D. when the policyowner is protected from an unintentional lapse of the policy.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

How is ownership of a mutual insurance company evidenced?

  • A. bonds of the company
  • B. ownership of stock
  • C. certificate of deposit
  • D. ownership of a policy
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

Transacting insurance includes any of the following EXCEPT

  • A. delivering insurance contracts.
  • B. preliminary negotiations.
  • C. selling insurance.
  • D. gathering prospective buyer information.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #5

What type of policy pays an amount per day for hospitalization directly to the insured regardless of the insured's other health insurance?

  • A. Medigap
  • B. Hospital indemnity
  • C. Blanket
  • D. Limited-amount per diem
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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