Online Access Free Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Questions

When a life insurance or annuity replacement policy is sold, the policyowner has a right to return the policy for a full refund of premium within

• A.7 days.
• B.3 days.
• C.20 days.
• D.14 days.

Within a specified number of days, a free-look provision gives the

• A.company the right to alter the policy.
• B.company the right to rescind the policy.
• C.policyowner the right to return the policy for a partial refund.
• D.policyowner the right to return the policy for a full refund.

Transacting insurance includes any of the following EXCEPT

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

A license is NOT required when you are

• A.selling insurance.
• B.providing referrals.
• C.soliciting insurance.
• D.negotiating insurance.

Under a group life policy, the policyowner is entitled to a grace period of 31 days for the payment of any premium due EXCEPT the first. During the grace period, the death benefit coverage shall

• A.be discontinued.
• B.be 50%.
• C.continue in force.
• D.be 75%.