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Exam (elaborations)

Oklahoma Life And Health Xcel Final Exam With 100% Correct And Verified Answers

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Oklahoma Life And Health Xcel Final Exam With 100% Correct And Verified Answers

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Oklahoma Life And Health Xcel Final
Exam With 100% Correct And Verified
Answers
Howilongidoesioneipremiumipaymenticoveriiniaipremi
umiwholeilifeipolicyi-iCorrectiAnswer-
Fullilifeiofitheipolicy

Theiowneriofiaisingleipremiumideferrediannuityi(SPD
A)i-iCorrectiAnswer-
Makesionlyioneipremiumipayment

Scottihasiailifeiinsuranceipolicyiiniwhichitheidividend
siareileftiwithitheiinsuranceicompany.iThisiparticulari
policyimayibeipaidiupiwhenitheicashivalueiplusiaccum
ulatedidividendsi-iCorrectiAnswer-
equalitheinetisingleipremiumiforitheisameifaceiamou
ntiatitheiinsured'siattainediage

WhichistatementiconcerningitheiEntireiContractipro
visioniinianiindividualiaccidentiandihealthiinsurancei
policyiisitruei-iCorrectiAnswer-
Theiagentidoesn'tihaveitheiauthorityitoichangeitheipo
licyioriwaiveiitsiprovisions

Whoinormallyipaysitheipremiumsiforigroupicreditilife
iinsurance?i-iCorrectiAnswer-borrower



Uponireachingiage___,iMedicareisupplementicoverag
eiisiofferedioniaiguaranteed-
issuedibasisiduringitheiopenienrollmentiperiodi-
iCorrectiAnswer-65




iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol

,WhichiofitheseiisiNOTiaitrueistatementiofitheiwariexcl
usion?i-iCorrectiAnswer-Civiliinsurrectionsiapply

AilicenseiisiNOTirequirediwheniyouiarei-
iCorrectiAnswer-providingireferrals



AniinsuranceiproduceriisiBESTidefinediasi-
iCorrectiAnswer-

aipersoniwhoihasiaicontractiwithianiinsuranceicompa
nyitoirepresentiit

WhichiofitheifollowingiactionsibyiaiproduceriwouldiN
OTiresultiiniailicenseisuspensioniorirevocationi-
iCorrectiAnswer-

Producingianiinadequateiamountiofinewipremium

AismalliemployeriiniOklahomaimayiNOTiconsistiofimo
reithan___ieligibleiemployeesi-iCorrectiAnswer-50

WhichiofitheifollowingiisiNOTitrueiofiparticipantsiini
multiple-employeritrustsi-iCorrectiAnswer-
Participantsimustipurchaseiallicoveragesitheitrustioff
ers

PeriodicihealthiclaimipaymentsiMUSTibeimadeiatilea
sti-iCorrectiAnswer-Monthly

Whatihappensitoideathibenefitiofiailifeiinsuranceipoli
cyiifitheiinsuredielectsiaipartialipaymentifromitheiacc
eleratedi(living)ibenefitiprovision?i-iCorrectiAnswer-
Reduced

Theistandardiprovisioniofianiaccidentiandihealthiinsu
ranceipolicyirequireithatithei-iCorrectiAnswer-

iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol

, Policy,iendorsement,iandiattachedipapersiconstitutei
thei"entireicontract"

Danihasiaimajorimedicaliexpenseipolicyiwithiai$200id
eductibleiandiani80/20icoinsuranceiprovision.iHeiinc
ursicoveredimedicaliexpensesiofi$100iiniNovemberia
ndi$400iiniJanuary.iUnderitheicarryoveriprovision,iwh
atiwillitheiinsureripay?i-iCorrectiAnswer-$240

Theipromiseiofiaidiscountiinipremiumiasianiinduceme
ntitoipurchaseiinsuranceiisiknowniasi-
iCorrectiAnswer-Rebating



Aicharacteristiciofipreferrediprovideriorganizationsi(
PPO)iisi-iCorrectiAnswer-
IfiserviceiisiobtainedioutsideitheiPPO,ibenefitsiareired
ucediandicostsiincrease

Whichiofitheseiisiaivalidireasoniforianiinsurer'sicancel
lationiofiaiMedicareisupplementipolicyi-
iCorrectiAnswer-Non-paymentiofipremium



Whenidoesitheiproducerigiveiaipremiumireceiptiforiail
ifeiinsuranceiapplication?i-iCorrectiAnswer-
Whenitheiinitialipremiumihasibeenipaidiwithitheiappl
ication

Whatiisitheifaceiamountiofiai$50,000igradedideathibe
nefitilifeiinsuranceipolicyiwhenitheipolicyiisiissued?i-
iCorrectiAnswer-

Underi$50,000,ibutiincreasesiannuallyiuntilifullyiinsu
red




iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol

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