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

A common disaster provision states that if the beneficiary dies from the same accident as the insured individual, the insurer will proceed as if the

• A.insured individual outlived the beneficiary.
• B.beneficiary outlived the insured individual.
• C.beneficiary and the insured individual died simultaneously.
• D.beneficiary was never named on the policy.

Insurers do business in Oklahoma only after a thorough financial review. Insurance policies written in Oklahoma, that are protected by the Guaranty Association, protect policyowners in the event an admitted company

• A.depletes its loss reserves.
• B.becomes financially insolvent.
• C.cannot meet its capital surplus requirements.
• D.merges with a foreign insurer.

The Oklahoma Insurance Commissioner is REQUIRED to examine domestic insurers' financial condition at LEAST every

• A.5 years.
• B.6 years.
• C.4 years.
• D.2 years.

Under a Long-Term Care policy, all of the following are Activities of Daily Living EXCEPT

• A.dressing.
• B.talking.
• C.toileting.
• D.eating.

Ordinary life insurance should BEST be viewed by the consumer as

• A.a type of policy that provides permanent protection and some flexibility for the lowest total premium outlay.
• B.temporary protection for the life expectancy of the policyowner with accumulating cash values throughout the life of the policy.
• C.temporary protection during the policyowner's income-earning years with cash values payable during non-earning periods.
• D.an endowment type of policy that provides limited payment type of life insurance based on the level of income earned.