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Oklahoma Life and Health Insurance Exam With complete solution | LATEST 2024/25 RATED A+
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Oklahoma Life and Health Insurance Exam With complete solution | LATEST 2024/25 RATED A+
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Oklahoma Life and Health InsuranceExam With complete solution | LATEST
2024/25 RATED A+
All of the following are included as part of a contract in the entire contract provision
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EXCEPT the - changes made by the producer
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ii Health insurance involves two perils, accident and ____. - sickness
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All of the following riders can increase the death benefit amount EXCEPT - Waiver of
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Premium
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ii Of the following dividend options, which of these is taxable? - Accumulation at interest
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Insurance that is designed to pay the balance of a loan if the insured dies before the loan
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has been repaid in full is - credit life
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A temporary producer's license issued by the Insurance Commissioner without
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examination is valid for a period of no longer than - 180 days
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ii How do interest earnings accumulate in a deferred annuity? - On a tax-deferred basis
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Tom has a home health care benefit and is confined to his home. Which of these benefits is
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NOT typically covered? - Full-time nursing care
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A beneficiary has just received a claim payment for a life insurance policy. Which of the
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following is TRUE regarding the federal income tax liability owed? - No federal income tax
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is owed on life insurance proceeds
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Medicare Supplement coverage permits an open enrollment period on a guaranteed issue
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basis upon reaching - age 65
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Group and Individual Health Insurance Policies for Women - Cover annual
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mammography screenings for women aged 40 and older
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ii Out-of-Pocket Payment Requirement - Deductible ii ii ii ii ii ii
ii Forms of Inducement in Oklahoma - Gift whose value is under $100
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Group Health Policy Renewal Denial under HIPAA - When contribution or participation
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rules have been violated
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, Renewable Term Life Insurance Policy Renewal - At a predetermined date or age,
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regardless of the insured's health
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Maternity Benefits Inpatient Care Duration - 48 hours for vaginal birth or 96 hours for
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caesarean section
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ii Hospitalization Daily Payment Coverage - Hospital Indemnity ii ii ii ii ii ii ii ii
ii Reasons for Cancelling a Medicare Supplement Policy - Non-payment of premium
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ii Producer Disciplinary Action - Misappropriation of premium funds
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ii Extended Term Insurance Option Outcome - The protection ends ii ii ii ii ii ii ii ii ii ii
Disability Income plans which require that the insurer can NEVER change or alter
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premium rates are usually considered - Noncancellable
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In contrast to a guaranteed renewable policy, a noncancellable policy - may never raise
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premiums
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ii What does the word 'level' in Level Term describe? - The face amount
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All of these are considered key factors in underwriting life insurance EXCEPT - Marital
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status
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A life insurance policyowner was injured in an automobile accident which results in a total
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and permanent disability. Which rider would pay a monthly amount because of this
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disability? - Disability income rider
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In group health care, what is the purpose of the coordination of benefits provision? -
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Determines what is paid by the primary and secondary insurers in the event of a claim
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Which of the following provides Medicare supplement policies? - Private insurance
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companies
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After an insured gives notice of loss, what must he/she do if the insurer does not furnish
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forms? - File written proof of loss
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The type of policy where the insurer can send a notice to the insured that the policy has
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been cancelled in the middle of the term is called? - cancelable
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ii An example of a presumptive disability would be - deafness
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A policyowner may choose which dividend option that uses the dividend to pay all or part of
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the next premium due? - Reduction of premium dividend option
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