©THEBRIGHT EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
STATE EXAM OKLAHOMA QUESTIONS
WITH VERIFIED ANSWERS
Insurance contracts are unilateral in nature. What does that mean? - Answers✔Only one party
makes a promise
A fraternal benefit society - Answers✔Is operated for the benefit of its members
A medicare supplement policy must have a free look period of at least - Answers✔30 days
Which of the following best defines the Probationary Period in group health policies? -
Answers✔A specified period of time a person joining a group has to wait before becoming
eligable for coverage
The "stop-loss" feature on a major medical policy is intended to - Answers✔Establish a
maximum amount of out-of-pocket expense that an insured will have to pay for medical expense
in a calendar year
With respect to the entire contract clause in health policies, who has the authority to make
changes to an existing policy? - Answers✔Only an executive officer of the company
Which of the following is provided by Skilled Medical personnel to those who need occasional
assistance or rehabilitation? - Answers✔Intermediate Care
The insurance commissioner has the authority to do all of the following EXCEPT: -
Answers✔Rewrite insurance laws at any time
Riley reads an agreement on the first page of her policy which includes a list of losses that will
be covered by her and insurer. What is the name of this agreement clause? - Answers✔Insuring
clause
Which of the following describes the relationship between a capital sum and a principal sum -
Answers✔Capital sums are percentages of principal sums
A Major Medical Expense policy would exclude coverage for all of the following treatments
EXCEPT - Answers✔Drug addiction
1
, ©THEBRIGHT EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
Only the agent is involved in completing the agents report. The agents statement is -
Answers✔Not included in the "entire contract"
Which entity has the option of including optional provisions in a health insurance policy? -
Answers✔The insurer
An employee is covered under COBRA. his previous premium payment was $100 per month.
His employer now collects $102 each month. Why does the employer collect an extra $2? -
Answers✔To cover the employers administration costs.
An insurer who transacts insurance in this state but whose articles of incorporation are registered
in Canada is considered what type of insurer? - Answers✔Alien
When an insured reinstated his major medical policy, he was involved in an accident that
required hospitalization, when would this accident be covered upon reinstatement of the policy? -
Answers✔immediately
During policy solicitation, an insurer exaggerates the financial condition of one of its competitors
and makes it sound worse than it is. This is an example of? - Answers✔Defamation
Guaranteeing future dividends considered to be unfair or deceptive act known as -
Answers✔Rebating
Regarding the consideration clause, which of the following is NOT correct? -
Answers✔Consideration of the insurer and the insured must be equal
Under the long term care marketing regulations, which of the following questions would a
producer NOT have to ask the insured in order to determine if the purchase is suitable? -
Answers✔How much are you able to pay in premiums?
Which of the following covers life and disability of a debtor during the time a loan is
outstanding? - Answers✔Credit Life
An angel who knowingly misrepresents material information for the purpose of inducing an
insured to lapse, forfeit, change, or surrender a life policy has committed an illegal practice
known as - Answers✔Twisting
An insured needs ongoing treatment for a diabetic condition. Under PPACA, which of the
following is correct? - Answers✔The condition must be covered under the insureds plan
Which of the following statements is true of a combination dental plan? - Answers✔It is a
combination of a scheduled and a nonscheduled dental plan
Which act was introduced to reduce the cost of health care by utilizing preventative care? -
Answers✔HIPAA
2
ALL RIGHTS RESERVED.
STATE EXAM OKLAHOMA QUESTIONS
WITH VERIFIED ANSWERS
Insurance contracts are unilateral in nature. What does that mean? - Answers✔Only one party
makes a promise
A fraternal benefit society - Answers✔Is operated for the benefit of its members
A medicare supplement policy must have a free look period of at least - Answers✔30 days
Which of the following best defines the Probationary Period in group health policies? -
Answers✔A specified period of time a person joining a group has to wait before becoming
eligable for coverage
The "stop-loss" feature on a major medical policy is intended to - Answers✔Establish a
maximum amount of out-of-pocket expense that an insured will have to pay for medical expense
in a calendar year
With respect to the entire contract clause in health policies, who has the authority to make
changes to an existing policy? - Answers✔Only an executive officer of the company
Which of the following is provided by Skilled Medical personnel to those who need occasional
assistance or rehabilitation? - Answers✔Intermediate Care
The insurance commissioner has the authority to do all of the following EXCEPT: -
Answers✔Rewrite insurance laws at any time
Riley reads an agreement on the first page of her policy which includes a list of losses that will
be covered by her and insurer. What is the name of this agreement clause? - Answers✔Insuring
clause
Which of the following describes the relationship between a capital sum and a principal sum -
Answers✔Capital sums are percentages of principal sums
A Major Medical Expense policy would exclude coverage for all of the following treatments
EXCEPT - Answers✔Drug addiction
1
, ©THEBRIGHT EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
Only the agent is involved in completing the agents report. The agents statement is -
Answers✔Not included in the "entire contract"
Which entity has the option of including optional provisions in a health insurance policy? -
Answers✔The insurer
An employee is covered under COBRA. his previous premium payment was $100 per month.
His employer now collects $102 each month. Why does the employer collect an extra $2? -
Answers✔To cover the employers administration costs.
An insurer who transacts insurance in this state but whose articles of incorporation are registered
in Canada is considered what type of insurer? - Answers✔Alien
When an insured reinstated his major medical policy, he was involved in an accident that
required hospitalization, when would this accident be covered upon reinstatement of the policy? -
Answers✔immediately
During policy solicitation, an insurer exaggerates the financial condition of one of its competitors
and makes it sound worse than it is. This is an example of? - Answers✔Defamation
Guaranteeing future dividends considered to be unfair or deceptive act known as -
Answers✔Rebating
Regarding the consideration clause, which of the following is NOT correct? -
Answers✔Consideration of the insurer and the insured must be equal
Under the long term care marketing regulations, which of the following questions would a
producer NOT have to ask the insured in order to determine if the purchase is suitable? -
Answers✔How much are you able to pay in premiums?
Which of the following covers life and disability of a debtor during the time a loan is
outstanding? - Answers✔Credit Life
An angel who knowingly misrepresents material information for the purpose of inducing an
insured to lapse, forfeit, change, or surrender a life policy has committed an illegal practice
known as - Answers✔Twisting
An insured needs ongoing treatment for a diabetic condition. Under PPACA, which of the
following is correct? - Answers✔The condition must be covered under the insureds plan
Which of the following statements is true of a combination dental plan? - Answers✔It is a
combination of a scheduled and a nonscheduled dental plan
Which act was introduced to reduce the cost of health care by utilizing preventative care? -
Answers✔HIPAA
2
