OKLAHOMA LIFE AND HEALTH STATE EXAM
SIMULATOR QUESTIONS WITH CORRECT
ANSWERS LATEST UPLOAD 2024/2025 BEST
GRADED A+ FOR SUCCESS
twisting - CORRECT ANSWERS 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
3 years - CORRECT ANSWERS How long must a life insurance policy be in effect before the
policyowner may use the nonforfeiture provision?
protect consumers with guidelines regarding credit reporting and distribution - CORRECT
ANSWERS The PRIMARY purpose of the Fair Credit and Reporting Act is to
The existing policy no longer meets the needs of the insured - CORRECT ANSWERS Which of
the following would be the advantage of replacing an existing health insurance policy with a
new one?
Exists For profit - CORRECT ANSWERS A Fraternal Benefit Society has each of the following
characteristics EXCEPT
hold the appropriate license - CORRECT ANSWERS To legally receive a sales commission
from an insurance company, an individual MUST
replacement - CORRECT ANSWERS A transaction in which a new life insurance policy is
purchased and an existing life insurance policy is surrendered is called
2 years - CORRECT ANSWERS A life insurance policy becomes incontestable after it has been
in force for
terminal illness settlement benefit - CORRECT ANSWERS A form of an accelerated death
benefit is a
, OKLAHOMA LIFE AND HEALTH STATE EXAM
SIMULATOR QUESTIONS WITH CORRECT
ANSWERS LATEST UPLOAD 2024/2025 BEST
GRADED A+ FOR SUCCESS
Accelerated benefits - CORRECT ANSWERS Proceeds payable under a life insurance contract
to a policyowner in anticipation of death or upon the occurrence of specified life-threatening
conditions as defined by the policy are best described as:
The policyowner may need to resume premium payments depending on actual results -
CORRECT ANSWERS A life insurance illustration showing future premiums being paid out of
nonguaranteed values must disclose that
50 employees - CORRECT ANSWERS In Oklahoma, a small employer may not consist of
more than how many eligible employees?
Individual Major Medical Expense policy - CORRECT ANSWERS Which of the following plans
require a replacement disclosure notice be given to the applicant in the event of policy
replacement?
From the moment of birth, once the insurer is notified of the birth - CORRECT ANSWERS
Under an individual or group health insurance policy, an insured's newborn child must be
covered
Oklahoma Insurance Department - CORRECT ANSWERS The responsibility for regulating the
insurance continuing education requirements and approving insurance continuing education
courses belongs to the
30 days - CORRECT ANSWERS Jerry is a resident producer who has moved to another city in
Oklahoma. How long does he have to notify the Insurance Commissioner of the change of
address?
5 years - CORRECT ANSWERS The Oklahoma Insurance Commissioner is REQUIRED to
examine domestic insurers AT LEAST every
SIMULATOR QUESTIONS WITH CORRECT
ANSWERS LATEST UPLOAD 2024/2025 BEST
GRADED A+ FOR SUCCESS
twisting - CORRECT ANSWERS 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
3 years - CORRECT ANSWERS How long must a life insurance policy be in effect before the
policyowner may use the nonforfeiture provision?
protect consumers with guidelines regarding credit reporting and distribution - CORRECT
ANSWERS The PRIMARY purpose of the Fair Credit and Reporting Act is to
The existing policy no longer meets the needs of the insured - CORRECT ANSWERS Which of
the following would be the advantage of replacing an existing health insurance policy with a
new one?
Exists For profit - CORRECT ANSWERS A Fraternal Benefit Society has each of the following
characteristics EXCEPT
hold the appropriate license - CORRECT ANSWERS To legally receive a sales commission
from an insurance company, an individual MUST
replacement - CORRECT ANSWERS A transaction in which a new life insurance policy is
purchased and an existing life insurance policy is surrendered is called
2 years - CORRECT ANSWERS A life insurance policy becomes incontestable after it has been
in force for
terminal illness settlement benefit - CORRECT ANSWERS A form of an accelerated death
benefit is a
, OKLAHOMA LIFE AND HEALTH STATE EXAM
SIMULATOR QUESTIONS WITH CORRECT
ANSWERS LATEST UPLOAD 2024/2025 BEST
GRADED A+ FOR SUCCESS
Accelerated benefits - CORRECT ANSWERS Proceeds payable under a life insurance contract
to a policyowner in anticipation of death or upon the occurrence of specified life-threatening
conditions as defined by the policy are best described as:
The policyowner may need to resume premium payments depending on actual results -
CORRECT ANSWERS A life insurance illustration showing future premiums being paid out of
nonguaranteed values must disclose that
50 employees - CORRECT ANSWERS In Oklahoma, a small employer may not consist of
more than how many eligible employees?
Individual Major Medical Expense policy - CORRECT ANSWERS Which of the following plans
require a replacement disclosure notice be given to the applicant in the event of policy
replacement?
From the moment of birth, once the insurer is notified of the birth - CORRECT ANSWERS
Under an individual or group health insurance policy, an insured's newborn child must be
covered
Oklahoma Insurance Department - CORRECT ANSWERS The responsibility for regulating the
insurance continuing education requirements and approving insurance continuing education
courses belongs to the
30 days - CORRECT ANSWERS Jerry is a resident producer who has moved to another city in
Oklahoma. How long does he have to notify the Insurance Commissioner of the change of
address?
5 years - CORRECT ANSWERS The Oklahoma Insurance Commissioner is REQUIRED to
examine domestic insurers AT LEAST every
