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Oklahoma State life and health insurance exam Newest Guaranteed success | Latest
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Oklahoma State life and health insurance exam Newest Guaranteed success | Latest
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Oklahoma State life and healthinsurance exam Newest Guaranteed
success | Latest
Which of the following is NOT a duty of the Insurance Commissioner?
A. Appointing Actuaries during investigations
B. Issuing certificates of authority to transact Insurance business in Oklahoma
C. Writing Oklahoma Insurance laws
D. Conducting Hearings - C. Writing Oklahoma Insurance laws
The Commissioner must examine all domestic insurers at least once every?
A. Year
B. 2 Years
C. 3 Years
D. 5 Years - D. 5 years
An insurance company organized under the laws of Oklahoma is
A. A mutual insurer
B. A foreign insurer
C. An alien insurer
D. A domestic insurer - D. A domestic insurer
How many hours of continuing education must a producer complete every compliance
period?
A. 12
B. 16
C. 24
D. 36 - C. 24 hours
Which of the following people cannot be granted a temporary producer's license?
A. A nonresident producer who was acquainted with a deceased producer
B. The executor of a deceased producer's estate
C. An employee of a licensed producer who becomes disabled
D. The widow of a deceased producer - A. A nonresident producer who was
acquainted with a deceased producer
A temporary license is issued for?
A. 30 days
B. 90 days
C. 180 days
D. 365 days - C. 180 days
Which of the following must follow advertising regulations?
, A. Communications within the insurer's own organization not intended for the public
B. General announcements from group policy owners to eligible individuals, which will
be followed by a booklet explaining the coverage.
C. Prepared sales talks and presentations
D. Communications from insurers to policyowners - C. Prepared sales talks and
presentations
Which of the following is subject to replacement regulations?
A. Sale of a group life insurance policy
B. Sale of a new policy that causes an existing life insurance policy to be surrendered
C. Sale of a credit life insurance policy that causes an existing credit life insurance
policy to be forfeited
D. Sale of a group annuity contract - B. Sale of a new policy that causes an existing life
insurance policy to be surrendered
Which of the following statements about the Oklahoma Life and Health insurance
guaranty association is CORRECT?
A. It protects policy owners and insureds from the financial dangers caused by insolvent
insurers.
B. only domestic insurers must be members of the Association
C. It maintains two accounts for assessments: Health and Life insurance accounts
D. It protects the part of a variable life insurance or annuity contract that is not
guaranteed by an insurer - A. It protects policy owners and insureds from the financial
dangers caused by insolvent insurers
Which of the following statements about an insurer's certificate of authority is
CORRECT?
A. It expire every year on December 31st
B. It expires every 2 years on December 31st
C. It is perpetual and automatically renews every year on March 1 unless the insurer
fails to qualify for renewal
D. It is issued for a term of 20 years and cannot be renewed - C. It is perpetual and
automatically renews every year on March 1st unless the insurer fails to qualify for
renewal
A licensed customer service representative (CSR) must complete a total of how many
hours of continuing education every 2 years?
A. 4
B. 6
C. 13
D. 20 - C. 13 hours
A licensed insurance producer must notify the Commissioner of a change of address
within how many days?
A. 3
B. 10
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