Oklahoma Life And Health Final Exam
With 100% Correct And Verified Answers
Interestiisicrediteditoiaifixediannuityinoilowerithanith
ei-iCorrectiAnswer-contractiguaranteedirate
Whichiofitheseistatementsiregardingitheiextendedite
rmiinsuranceinonforfeitureioptioniisiaccurate?i-
iCorrectiAnswer-
Theipremiumitoipurchaseitheicoverageicomesifromith
eipolicy'sicashivalue
Theirequirementsiforicontinuingieducationiapplyitoia
lliofitheifollowingiEXCEPTi-iCorrectiAnswer-
customeriserviceirepresentatives
Whichiofitheifollowingihealthiinsuranceiprovisionsire
quiresithatitheiapplicationibecomesipartiofitheipolicy
?i-iCorrectiAnswer-EntireiContracticlause
Aipolicyownerisuffersiaicoverediaccidentiandihealthii
nsuranceilossioniJunei30iandisubmitsitheiproofiofiloss
itoitheiinsureriJulyi10.iIfitheipolicyownericancelledith
eicoverageioniJulyi2,ihowiwillitheiinsuranceicompanyi
handleitheiclaim?i-iCorrectiAnswer-
Claimimustibeipaidiafteriproofiofilossiisireceived
WhichiofitheifollowingiisiNOTicoveredibyiaicomprehe
nsiveilong-termicareipolicy?i-iCorrectiAnswer-
AcuteiCare
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,AiproduceriwhoiisilicensediiniOklahomaibutiresidentii
nianotheristateiisicallediai-iCorrectiAnswer-
Nonresidentiproducer
Whatimustibeigivenitoiailifeiinsuranceiapplicantiwhen
itheiagentireceivesianiapplicationianditheiinitialiprem
ium?i-iCorrectiAnswer-ConditionaliRecepit
Whichiofitheifollowingicouldibeiaifutureiuseiofitheicas
hivalueithatibuildsiiniairecently-
purchasediwholeilifeiinsuranceipolicy?i-
iCorrectiAnswer-
Provideisupplementaliincomeiini35iyears
WhichiofitheseiisiNOTiaicommonilifeiinsuranceinonfo
rfeitureioption?i-iCorrectiAnswer-
Lifeiincomeiannuity
Aiformiofianiacceleratedideathibenefitiisiai-
iCorrectiAnswer-terminaliillnessisettlementibenefit
Howilongimustiailifeiinsuranceipolicyibeiinieffectibefo
reitheipolicyownerimayiuseitheinonforfeitureiprovisio
n?i-iCorrectiAnswer-3iyears
Fieldiunderwritingibyiaiproduceri-iCorrectiAnswer-
mayiresultiinitheidisclosureiofihazardousiactivitiesiofi
theiapplicant
Whichistatementiconcerningiaideferrediannuityicont
ractiisicorrect?i-iCorrectiAnswer-
Theiownericanibeitheibeneficiary,iannuitant,iorineith
er
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, Whoimayiterminateicoverageiunderiaicancelableiheal
thiinsuranceipolicy?i-iCorrectiAnswer-
Theiinsurerioritheiinsured
Whichistatementiisitrueiaboutiaipermanentidisabilityi
underiworkersicompensationicoverage?i-
iCorrectiAnswer-
Coverageiexcludesinonoccupationaliinjuries
AccordingitoiOklahomaiStatute,icommissionsimayibei
paiditoi-iCorrectiAnswer-
licensediandidulyiappointediproducers
Aimaterialichangeiiniaimodifiediendowmenticontracti
(MEC)iresultsiini-iCorrectiAnswer-
theisevenipayitest,iadjustediforicashivalue,iappliesiag
ain
Wheniailapsedipolicy'sipremiumihasibeenipaidicurren
t,iitihasitheipotentialiofibeingi-iCorrectiAnswer-
reinstated
Howiisiaicollateraliassignmentiusediiniailifeiinsuranc
eicontract?i-iCorrectiAnswer-
transfersispecificiownershipirightsitoiaicreditor
Wheniaiteniyearirenewableitermilifeiinsuranceipolicyi
issuediatiagei45iisirenewed,itheipremiumirateiwillibeit
heicurrentirateifori-iCorrectiAnswer-
teniyearitermiinsuranceiforiaipersoniagedi55
WhichiofitheifollowingidoesiaiMedicareiAdvantageien
rolleeitypicallyipayifor?i-iCorrectiAnswer-Smallico-
payiperivisitioriperiservice
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With 100% Correct And Verified Answers
Interestiisicrediteditoiaifixediannuityinoilowerithanith
ei-iCorrectiAnswer-contractiguaranteedirate
Whichiofitheseistatementsiregardingitheiextendedite
rmiinsuranceinonforfeitureioptioniisiaccurate?i-
iCorrectiAnswer-
Theipremiumitoipurchaseitheicoverageicomesifromith
eipolicy'sicashivalue
Theirequirementsiforicontinuingieducationiapplyitoia
lliofitheifollowingiEXCEPTi-iCorrectiAnswer-
customeriserviceirepresentatives
Whichiofitheifollowingihealthiinsuranceiprovisionsire
quiresithatitheiapplicationibecomesipartiofitheipolicy
?i-iCorrectiAnswer-EntireiContracticlause
Aipolicyownerisuffersiaicoverediaccidentiandihealthii
nsuranceilossioniJunei30iandisubmitsitheiproofiofiloss
itoitheiinsureriJulyi10.iIfitheipolicyownericancelledith
eicoverageioniJulyi2,ihowiwillitheiinsuranceicompanyi
handleitheiclaim?i-iCorrectiAnswer-
Claimimustibeipaidiafteriproofiofilossiisireceived
WhichiofitheifollowingiisiNOTicoveredibyiaicomprehe
nsiveilong-termicareipolicy?i-iCorrectiAnswer-
AcuteiCare
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
,AiproduceriwhoiisilicensediiniOklahomaibutiresidentii
nianotheristateiisicallediai-iCorrectiAnswer-
Nonresidentiproducer
Whatimustibeigivenitoiailifeiinsuranceiapplicantiwhen
itheiagentireceivesianiapplicationianditheiinitialiprem
ium?i-iCorrectiAnswer-ConditionaliRecepit
Whichiofitheifollowingicouldibeiaifutureiuseiofitheicas
hivalueithatibuildsiiniairecently-
purchasediwholeilifeiinsuranceipolicy?i-
iCorrectiAnswer-
Provideisupplementaliincomeiini35iyears
WhichiofitheseiisiNOTiaicommonilifeiinsuranceinonfo
rfeitureioption?i-iCorrectiAnswer-
Lifeiincomeiannuity
Aiformiofianiacceleratedideathibenefitiisiai-
iCorrectiAnswer-terminaliillnessisettlementibenefit
Howilongimustiailifeiinsuranceipolicyibeiinieffectibefo
reitheipolicyownerimayiuseitheinonforfeitureiprovisio
n?i-iCorrectiAnswer-3iyears
Fieldiunderwritingibyiaiproduceri-iCorrectiAnswer-
mayiresultiinitheidisclosureiofihazardousiactivitiesiofi
theiapplicant
Whichistatementiconcerningiaideferrediannuityicont
ractiisicorrect?i-iCorrectiAnswer-
Theiownericanibeitheibeneficiary,iannuitant,iorineith
er
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
, Whoimayiterminateicoverageiunderiaicancelableiheal
thiinsuranceipolicy?i-iCorrectiAnswer-
Theiinsurerioritheiinsured
Whichistatementiisitrueiaboutiaipermanentidisabilityi
underiworkersicompensationicoverage?i-
iCorrectiAnswer-
Coverageiexcludesinonoccupationaliinjuries
AccordingitoiOklahomaiStatute,icommissionsimayibei
paiditoi-iCorrectiAnswer-
licensediandidulyiappointediproducers
Aimaterialichangeiiniaimodifiediendowmenticontracti
(MEC)iresultsiini-iCorrectiAnswer-
theisevenipayitest,iadjustediforicashivalue,iappliesiag
ain
Wheniailapsedipolicy'sipremiumihasibeenipaidicurren
t,iitihasitheipotentialiofibeingi-iCorrectiAnswer-
reinstated
Howiisiaicollateraliassignmentiusediiniailifeiinsuranc
eicontract?i-iCorrectiAnswer-
transfersispecificiownershipirightsitoiaicreditor
Wheniaiteniyearirenewableitermilifeiinsuranceipolicyi
issuediatiagei45iisirenewed,itheipremiumirateiwillibeit
heicurrentirateifori-iCorrectiAnswer-
teniyearitermiinsuranceiforiaipersoniagedi55
WhichiofitheifollowingidoesiaiMedicareiAdvantageien
rolleeitypicallyipayifor?i-iCorrectiAnswer-Smallico-
payiperivisitioriperiservice
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