Oklahoma Life and Health Practice Exam Questions and Answers Rated A+

Oklahoma Life and Health Practice Exam Questions and Answers Rated A+ A person covered with an individual health plan is issued a policy is issued a certificate of medical costs does not contract directly with the insurance company is not subject to medical underwriting A person covered by an individual health plan is issued a policy. All Health Benefit Plans issued after January 1, 2014 must provide long-term care dental care adult vision care preventative health services preventative health services Preventative health services must be provided by Health Benefit Plans issued on or after January 1, 2014. Insurance producer Kate offers insureds a $250 shopping card if they purchase an insurance product through her. What is this an example of? A fair trade practice Enticement, which is an unfair trade practice Rebating, which is an unfair trade practice Coercion, which is an unfair trade practice Rebating, which is an unfair trade practice This is an example of rebating, which is prohibited. A rider that assures premiums will be paid on a juvenile policy until the child reaches a specific age is called a(n) waiver of premium rider payor rider automatic premium loan rider juvenile waiver rider payor rider A payor rider assures the premiums will be paid on a juvenile policy until the insured child reaches a specific age. A Fraternal Benefit Society has each of the following characteristics EXCEPT Incorporated Without capital stock Exists For profit Exists for the benefit of its members Exists For profit A Fraternal Benefit Society is a nonprofit entity. All of these are common exclusions to a life insurance policy EXCEPT accidental death military service aviation hazardous occupations accidental death Accidental death is not a common exclusion to a life insurance policy. Simon has purchased a fixed immediate annuity. His payment amount will be dependent upon principal, interest, and the contract's surrender charge death benefit cash refund income period income period The amount of a fixed immediate annuity payment is dependent upon starting principal, interest, and the annuity's income period. The Oklahoma Insurance Commissioner is REQUIRED to examine domestic insurers AT LEAST every