Oklahoma insurance - Study guides, Class notes & Summaries

Oklahoma Insurance Licensing Exam Questions With Complete Solutions

Oklahoma Insurance Exam Questions and Answers 100% CorrectOklahoma Insurance Exam Questions and Answers 100% CorrectOklahoma Insurance Exam Questions and Answers 100% CorrectOklahoma Insurance Exam Questions and Answers 100% Correct Life Insurance - ANSWER-Transfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance - ANSWER-transfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured ...

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 - ANSWERSchanges made by the producer Health insurance involves two perils, accident and ____. - ANSWERSsickness All of the following riders can increase the death benefit amount EXCEPT Cost of Living Waiver of Premium Accidental Death Rider Guaranteed Insurability - ANSWERSWaiver of Premium Of the following dividend optio...

Oklahoma Insurance Licensing Exam Questions and Answers 100% CorrectOklahoma Insurance Licensing Exam Questions and Answers 100% CorrectOklahoma Insurance Licensing Exam Questions and Answers 100% CorrectOklahoma Insurance Licensing Exam Questions and Answers 100% Correct All of the following are categories of a limited insurance license EXCEPT 1) crop insurance 2) variable life insurance 3) credit life insurance 4) travel insurance - ANSWER-2) variable life insurance What term best describe...

What type of insurer operates for proft and has no capital stock? - correct answer mutual Which is true regarding an insurer examination order by the Oklahoma insurance department - correct answer It must be ordered every five years and the insurance pays for the exam All of the following is true regarding an Oklahoma life and health guarantee association except - correct answer Life policies are covered up to the amount of the death benefit plus the cash value A mutual ensure - ...

All of the following are categories of a limited insurance license EXCEPT 1) crop insurance 2) variable life insurance 3) credit life insurance 4) travel insurance - correct answer2) variable life insurance What term best describes the act of withholding material information that would be crucial to an underwriting decision? 1) concealment 2) withholding 3) leading 4) breach of warranty - correct answer1) concealment Johanna purchased a National Flood Insurance policy 10 days after her com...

Oklahoma insurance life only Exam/99 answered Questions A+ Scores!!!

Oklahoma Insurance Exam Questions With Solutions Life Insurance Transfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance transfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured person. Risk Chance of loss: only pure risk is insurable. Loss Unplanned reduction in economic value.

Who is protected with the "other insurance with this insurer provision" Correct Answer policy owner Which would not be a location where skilled nursing care is provided Correct Answer personal residence How is a collared assignment used in a life insurance contract. Correct Answer transfer specific ownership rights to a creatitor An insurance producer would be found guilty of inducing a customer to purchase insurance in all of the following situations except. Correct Answer giving the...