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Oklahoma Life and Health Insurance Exam questions with correct answers $14.99
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Oklahoma Life and Health Insurance Exam questions with correct answers
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All of the following are included as part of a contract in the entire contract provision EXCEPT the riders application changes made by the producer policy ans changes made by the producer Health insurance involves two perils, accident and ____. ans sickness All of the follow...

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  • May 9, 2023
  • 64
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

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  • oklahoma life and health insurance exam questions with correct answers

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  • Life and health
  • Life and health

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Oklahoma Life and Health Insurance Exam
questions with correct answers
All of the following are included as part of a contract in the entire contract provision EXCEPT the
riders
application
changes made by the producer
policy ans ✓✓ changes made by the producer
Health insurance involves two perils, accident and ____. ans ✓✓ sickness
All of the following riders can increase the death benefit amount EXCEPT
Cost of Living
Waiver of Premium
Accidental Death Rider
Guaranteed Insurability ans ✓✓ Waiver of Premium
Of the following dividend options, which of these is taxable? Reduction of premium One year term Paid-up additions Accumulation at interest ans ✓✓ Accumulation at interest Insurance that is designed to pay the balance of a loan if the insured dies before the
loan has been repaid in full is life settlement whole life universal life credit life ans ✓✓ credit life
A temporary producer's license issued by the Insurance Commissioner without examination is valid for a period of no longer than 90 days 120 days 180 days 270 days ans ✓✓ 180 days
How do interest earnings accumulate in a deferred annuity? On a tax credit basis On a tax-deferred basis On a tax-free basis On a taxable basis ans ✓✓ On a tax-deferred basis
Tom has a home health care benefit and is confined to his home. Which of these benefits is NOT typically covered? Part-time nursing care Full-time nursing care Physical therapy Home health aides ans ✓✓ Full-time nursing care
A beneficiary has just received a claim payment for a life insurance policy. Which of the following is TRUE regarding the federal income tax liability owed? A flat tax of 10% is owed on all proceeds Federal income tax is owed if proceeds exceed $250,000 No federal income tax is owed on life insurance proceeds Tax liability owed depends on the type of life insurance policy ans ✓✓ No federal income tax is owed on life insurance proceeds
Medicare Supplement coverage permits an open enrollment period on a guaranteed
issue basis upon reaching age 60 age 62 age 65 age 70 ans ✓✓ age 65
Group and individual health insurance policies that provide coverage to women must cover annual mammography screenings for women aged: 30 and older 35 and older 40 and older 50 and older ans ✓✓ 40 and older
Jennifer is required to pay a specific sum out of pocket before any benefits are paid
in a year. Her health policy most likely contains a(n) stop-loss provision deductible copayment out of pocket provision ans ✓✓ deductible
In Oklahoma, all of these are considered forms of inducement EXCEPT

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