OKLAHOMA LIFE AND HEALTH
INSURANCE TEST 2026 BANK 2 VERSIONS
AND STUDY GUIDE EXAM CURRENTLY
TESTING EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS /ALREADY GRADED
A+
According to Oklahoma law, which of the following must
include coverage for equipment, supplies, and related
services for the treatment of Type I and Type II diabetes
when prescribed by a physician or other licensed health
care provider?
All individual or group health contracts or agreements
Diabetes self-management training programs
Limited benefit or specific disease plans
, State-sponsored Medicaid or Medicare supplement plans -
....ANSWER...All individual or group health contracts or
agreements
Elizabeth is the beneficiary of a life insurance policy. She
is receiving the death benefit in payments of $10,000 per
month until the principal and interest has been paid out.
Which option was chosen?
Fixed period
Fixed amount
Life income
Interest only - ....ANSWER...Fixed amount
The type of policy where the insurer can send a notice to
the insured that the policy has been cancelled in the
middle of the term is called?
,noncancelable
conditionally renewable
optionally renewable
cancelable - ....ANSWER...cancelable
A life insurance policy loan shall bear interest at a
specified rate, NOT in excess of
2%
5%
8%
10% - ....ANSWER...8%
, The Oklahoma Insurance Commissioner may place on
probation, censure, suspend, revoke, or refuse to issue to
an applicant for all of the following causes EXCEPT
having admitted to committing fraud
providing incorrect, misleading, or materially untrue
information in the license application
having been convicted of a misdemeanor
failing to pay state taxes - ....ANSWER...having been
convicted of a misdemeanor
Making or publishing any oral or written statement that is
FALSE or maliciously critical of the financial condition of
an insurer, and is calculated to injure any person engaged
in the business of insurance is known as
coercion
INSURANCE TEST 2026 BANK 2 VERSIONS
AND STUDY GUIDE EXAM CURRENTLY
TESTING EXAM QUESTIONS WITH
DETAILED VERIFIED ANSWERS (100%
CORRECT ANSWERS /ALREADY GRADED
A+
According to Oklahoma law, which of the following must
include coverage for equipment, supplies, and related
services for the treatment of Type I and Type II diabetes
when prescribed by a physician or other licensed health
care provider?
All individual or group health contracts or agreements
Diabetes self-management training programs
Limited benefit or specific disease plans
, State-sponsored Medicaid or Medicare supplement plans -
....ANSWER...All individual or group health contracts or
agreements
Elizabeth is the beneficiary of a life insurance policy. She
is receiving the death benefit in payments of $10,000 per
month until the principal and interest has been paid out.
Which option was chosen?
Fixed period
Fixed amount
Life income
Interest only - ....ANSWER...Fixed amount
The type of policy where the insurer can send a notice to
the insured that the policy has been cancelled in the
middle of the term is called?
,noncancelable
conditionally renewable
optionally renewable
cancelable - ....ANSWER...cancelable
A life insurance policy loan shall bear interest at a
specified rate, NOT in excess of
2%
5%
8%
10% - ....ANSWER...8%
, The Oklahoma Insurance Commissioner may place on
probation, censure, suspend, revoke, or refuse to issue to
an applicant for all of the following causes EXCEPT
having admitted to committing fraud
providing incorrect, misleading, or materially untrue
information in the license application
having been convicted of a misdemeanor
failing to pay state taxes - ....ANSWER...having been
convicted of a misdemeanor
Making or publishing any oral or written statement that is
FALSE or maliciously critical of the financial condition of
an insurer, and is calculated to injure any person engaged
in the business of insurance is known as
coercion
