Oklahoma Life and Health Insurance Laws and Rules Ch. 19 Exam Questions Rated A+

Oklahoma Life and Health Insurance Laws and Rules Ch. 19 Exam Questions Rated A+ Which of these individuals would require continuing education? Resident producer A(n) _________ producer lives in another state and transacts insurance in Oklahoma. Nonresident What is a life insurance producer authorized to do? Solicit, receive, and forward applications to the insurer A producer who offers 10% of his commission to a potential client as an incentive to purchase an insurance policy is committing the act of Inducement Charging different rates between individuals of the same class and equal expectation of life is best described as: Unfair discrimination A television advertisement features a health insurance product that is endorsed by a specific group. In this advertisement, Any control by the insurer over this group must be disclosed When long-term care insurance is replaced, the insurer issuing the new policy cannot Impose a new pre-existing conditions exclusion Newborn children are automatically covered under an existing family medical plan at the moment of birth for a period of at least ______ days. 31 A producer has committed an insurance crime that violates US Code 1033 (interstate commerce). Who would be responsible for the prosecution of this crime? US Attorney General Once a child is born and covered under a health insurance plan, any reduction in benefits on the newborn is Strictly prohibited When an existing life insurance policy is being replaced with a new one, a replacement notice MUST be given At the time of taking an application When soliciting insurance, a producer CANNOT Emphasize Guaranty Association benefits What is the best definition of a producer? An individual appointed by an insurance company that represents the company and present policies on its behalf An example of endodontic treatment is Root canal Twisting means Persuading an insured, to the insured's detriment, to switch policies Which of the following situations would qualify an insured to receive funds from an accelerated (living) benefit rider? Insured is expected to remain in a nursing home for life The Insurance Information and Privacy Protection Act is designed to limit or direct the information collection activities of all of the following, EXCEPT: COBRA representatives A(n) __________ insurer writes business in a state other than the one in which it is domiciled. Foreign Violations of US Code Title 18 section 1033, may result in Fine and/or imprisonment Long-term care policies sold in Oklahoma may offer coverage in which Benefits are based on an individual's ability to perform activities of daily living The following is information that should be taken into consideration when making suitable recommendations concerning the purchase of insurance, EXCEPT: Education What is the minimum age required for open enrollment in Medicare Supplement insurance? No minimum age required Which of the following actions by a producer would NOT result in a license suspension or revocation? Producing an insufficient amount of new premium A producer recently replaced an existing Medicare Supplement policy with a new policy. The producer's compensation for the new policy CANNOT