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Exam (elaborations)

Oklahoma Life And Health Exam Study Guide Part 3 With 100% Complete Solution

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Oklahoma Life And Health Exam Study Guide Part 3 With 100% Complete Solution

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Oklahoma Life And Health Exam Study
Guide Part 3 With 100% Complete
Solution
TheiinitialiamountioficreditilifeiinsuranceimayiNOTie
xceed

a)iTheiamountitoibeirepaidiunderitheicontract.
b)iAniamountisetibyistatuteiandiadjustediregularlyifor
iinflation.

c)iTheiborrower'simonthlyiincome.
d)iTheiborrower'siannualiincome.i-iCorrectiAnswer-
A.iTheiamountitoibeirepaidiunderitheicontract

Theiinitialiamountioficreditilifeiinsuranceimayinotiexc
eeditheitotaliamountirepayableiunderitheicontractiofii
ndebtedness.

Howioftenimustiproducersiinithisistateicompleteicont
inuingieducationirequirement?

a)iAnnually
b)iEveryi2iyears
c)iEveryi3iyears
d)iEveryi5iyearsi-iCorrectiAnswer-B.iEveryi2iyears

Eachiinsuranceiproduceri(exceptiforititleiproducers)i
musticompleteiatileasti24ihoursioficontinuingieducat
ionibienniallyi(everyi2iyears).iThreeiofithoseihoursim
ustibeiiniethicsieducation.

Howimanyidaysidoesianiinsurerihaveitoiresponditoiaiw
rittenicommunicationifromiaiclaimant?

iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol

, a)i10idays
b)i20idays
c)i30idays
d)i90idaysi-iCorrectiAnswer-C.i30idays


iInsurersimustiresponditoiwrittenicommunicationsifr
omiclaimantsiwithini30idaysiofireceivingitheicommun
ication.

Ifitheipolicyowneridefaultsionianyipremiumipaymentif
oriailifeiinsuranceipolicy,itheiinsurerimustinotifyithei
policyholderiiniwritingiasitoitheipolicyholdersioption
s.iThisinotificationiformimustibeiprovideditoitheipolic
yholderiwithin

a)i6imonths.
b)i3imonths.
c)i2imonths.
d)i1imonth.i-iCorrectiAnswer-B.i3imonths

Notificationimustibeiprovideditoitheipolicyholderiwit
hini3imonths,iasispecifiediinitheiOklahomaiInsurancei
Code.

Accordingitoitheitelemarketingisalesirules,iwhatiareit
heipermissibleicallingihoursiforitelemarketingicalls?

a)i10amiuntili10pm
b)i7amiuntili7pm
c)i7amiuntili9pm
d)i8amiuntili9pmi-iCorrectiAnswer-D.i8amiuntili9pm



iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol

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