Oklahoma insurance health and life test Questions And Answers Rated A+

A false written or oral statement made by a producer for the purpose of replacing an existing policy to the detriment of the insured is? - Twisting A foreign insurance company is defined as one that is - formed under the laws of a state other than Oklahoma. A guaranteed renewable provision allows - Premiums which can only be increased per rate class. a health insurer must provide a proof of loss form - within 15 days of receipt of the notice loss. A health insurer MUST provide a proof of loss form - within 15 days of receipt of the notice of loss A life insurance guaranteed insurability rider gives the insured the right without providing insurability to? - Periodically purchase additional insurance A life insurance guaranteed insurability rider gives the insured the right without proving insurability to - Periodically purchase additional insurance. A life insurance illustration showing future premiums being paid out of non-guaranteed values must disclose that? - The policy owner may need to resume premium payments depending on actual results. A life insurance policy becomes incontestable after it has been in force for? - Two years. a life insurance policy owner would like a dividend option that results in a limited current outlay of funds. which dividend option would be chosen? - reduction of premium paymentA life insurance policy provision that has the ability to reduce the death benefit is called the - Accelerated (living) benefit. A life insurance policy's waiver of premium rider has the ability to? - Relieve the insured of premium payments following an initial waiting period after the insured becomes totally disabled. A life policy that has premiums that are lower than normal during the early years is called? - Modified Life. A major medical expense policy typically does not? - Pay surgeon fees on a first dollar basis. A material change in a modified endowment contract (MEC) results in - The seven pay test adjusted for cash value applies again. A medicare supplement policy may be cancelled for which of the following? - Non-payment of premiums A physician who accepts assignment of all Medicare claims is called? - Participating provider A policy owner suffers a covered accident and health insurance less on June 30 and submit the proof of loss July 10. If the policy owner canceled July 2 what's happens ? - claim must be paid after proof of loss is received A preexisting condition exclusion in an accident and health insurance policy pertains to - Prior health matters a producer may be disciplined by commissioner for which of the following actions - Misappropriation of premium funds A producer may begin to solicit insurance only when - appointed by an insurer