©THEBRIGHT EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
Simulated test – Oklahoma Exam Questions
With Verified Answers
Which of the following persons is required to hold an insurance producer license?
A) A person who takes messages related to claims
B) A person who creates insurance advertisements
C) A person who administers employee benefits
D) A person who negotiates insurance contracts - Answers✔D) A person who negotiates
insurance contracts
Persons who perform clerical tasks that are not related to soliciting or negotiating insurance
contracts, and for which they do not receive commissions are not required to be licensed.
Agents who persuade insureds to cancel a policy in favor of another one when it might not be in
the insured's best interest are guilty of
A) Twisting.
B) Defamation.
C) Misrepresentation.
D) Rebating. - Answers✔A) Twisting.
Twisting is a misrepresentation that persuades an insured or a policyowner, to his or her
detriment, to cancel, lapse, or switch policies.
Which of the following is the term for the specific dollar amount that must be paid by an HMO
member for a service?
A) Cost share
B) Copayment
1
, ©THEBRIGHT EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
C) Deductible
D) Premium - Answers✔B) Copayment
A copayment is a specific dollar amount of the cost of care that must be paid by the member. For
example, the member may be required to pay $5 or $10 for each office visit.
In all health care plans under the Affordable Care Act (ACA), how many essential benefit
categories are there?
A) 5
B) 10
C) 12
D) 15 - Answers✔B) 10
There are 10 essential benefit categories under the ACA.
Which of the following statements regarding the Change of Beneficiaries Provision is false?
A) The policyowner has the right to change beneficiaries in any case.
B) A policyowner can change beneficiaries without the consent of the former revocable
beneficiary.
C) The policyowner cannot change beneficiaries if he/she has chosen to have an irrevocable
beneficiary, unless the policyowner has the permission of the irrevocable beneficiary.
D) All policies that allow a death benefit must at least provide the option of a change of
beneficiary provision. - Answers✔A) The policyowner has the right to change beneficiaries in
any case.
The policyowner has the right to change beneficiaries unless he/she has chosen to have an
irrevocable beneficiary. Otherwise, the policyowner can legally change beneficiaries, without the
consent of the former beneficiary.
Which health insurance provision describes the insured's right to cancel coverage?
A) Insuring clause
B) Cancellation provision
C) Renewal provision
2
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ALL RIGHTS RESERVED.
D) Policy duration provision - Answers✔C) Renewal provision
Renewability provisions are included in each health insurance contract and outlines both the
insurer's and insured's right to cancel or renew coverage. This is considered to be a very
important provision required by HIPAA, the federal Health Insurance Portability and
Accountability Act of 1996.
A valid certificate of authority is required by the Commissioner in order for an insurer to transact
business in Oklahoma. Some exceptions apply to insurance transactions for which a Certificate
of Authority is not required. Which of the following are permitted without a Certificate of
Authority?
A ) Investigation of claims by an insurer which has relocated in another state
B ) Solicitation and inducement to insurance
C ) Preliminary insurance negotiation
D ) Effectuation of an insurance contract - Answers✔A ) Investigation of claims by an insurer
which has relocated in another state
A Certificate of Authority is not required for investigation of claims by an insurer which has
relocated in another state as specified in O.S. 606 & 1101.
Which of the following is TRUE about credit life insurance?
A ) Debtor is the policy beneficiary.
B ) Creditor is the policyowner.
C ) Debtor is the annuitant.
D ) Creditor is the insured. - Answers✔B ) Creditor is the policyowner.
In credit life insurance, the creditor is the policyowner and the beneficiary; the debtor is the
insured.
How many routine dental exams are allowed under an employer's group health plan?
A ) 2 per year
B ) 3 per year
C ) Unlimited
3
ALL RIGHTS RESERVED.
Simulated test – Oklahoma Exam Questions
With Verified Answers
Which of the following persons is required to hold an insurance producer license?
A) A person who takes messages related to claims
B) A person who creates insurance advertisements
C) A person who administers employee benefits
D) A person who negotiates insurance contracts - Answers✔D) A person who negotiates
insurance contracts
Persons who perform clerical tasks that are not related to soliciting or negotiating insurance
contracts, and for which they do not receive commissions are not required to be licensed.
Agents who persuade insureds to cancel a policy in favor of another one when it might not be in
the insured's best interest are guilty of
A) Twisting.
B) Defamation.
C) Misrepresentation.
D) Rebating. - Answers✔A) Twisting.
Twisting is a misrepresentation that persuades an insured or a policyowner, to his or her
detriment, to cancel, lapse, or switch policies.
Which of the following is the term for the specific dollar amount that must be paid by an HMO
member for a service?
A) Cost share
B) Copayment
1
, ©THEBRIGHT EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
C) Deductible
D) Premium - Answers✔B) Copayment
A copayment is a specific dollar amount of the cost of care that must be paid by the member. For
example, the member may be required to pay $5 or $10 for each office visit.
In all health care plans under the Affordable Care Act (ACA), how many essential benefit
categories are there?
A) 5
B) 10
C) 12
D) 15 - Answers✔B) 10
There are 10 essential benefit categories under the ACA.
Which of the following statements regarding the Change of Beneficiaries Provision is false?
A) The policyowner has the right to change beneficiaries in any case.
B) A policyowner can change beneficiaries without the consent of the former revocable
beneficiary.
C) The policyowner cannot change beneficiaries if he/she has chosen to have an irrevocable
beneficiary, unless the policyowner has the permission of the irrevocable beneficiary.
D) All policies that allow a death benefit must at least provide the option of a change of
beneficiary provision. - Answers✔A) The policyowner has the right to change beneficiaries in
any case.
The policyowner has the right to change beneficiaries unless he/she has chosen to have an
irrevocable beneficiary. Otherwise, the policyowner can legally change beneficiaries, without the
consent of the former beneficiary.
Which health insurance provision describes the insured's right to cancel coverage?
A) Insuring clause
B) Cancellation provision
C) Renewal provision
2
, ©THEBRIGHT EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
D) Policy duration provision - Answers✔C) Renewal provision
Renewability provisions are included in each health insurance contract and outlines both the
insurer's and insured's right to cancel or renew coverage. This is considered to be a very
important provision required by HIPAA, the federal Health Insurance Portability and
Accountability Act of 1996.
A valid certificate of authority is required by the Commissioner in order for an insurer to transact
business in Oklahoma. Some exceptions apply to insurance transactions for which a Certificate
of Authority is not required. Which of the following are permitted without a Certificate of
Authority?
A ) Investigation of claims by an insurer which has relocated in another state
B ) Solicitation and inducement to insurance
C ) Preliminary insurance negotiation
D ) Effectuation of an insurance contract - Answers✔A ) Investigation of claims by an insurer
which has relocated in another state
A Certificate of Authority is not required for investigation of claims by an insurer which has
relocated in another state as specified in O.S. 606 & 1101.
Which of the following is TRUE about credit life insurance?
A ) Debtor is the policy beneficiary.
B ) Creditor is the policyowner.
C ) Debtor is the annuitant.
D ) Creditor is the insured. - Answers✔B ) Creditor is the policyowner.
In credit life insurance, the creditor is the policyowner and the beneficiary; the debtor is the
insured.
How many routine dental exams are allowed under an employer's group health plan?
A ) 2 per year
B ) 3 per year
C ) Unlimited
3
