OKLAHOMA LIFE HEALTH INSURANCE MAIN 2026
EXAMINER QUESTIONS AND ANSWERS SURE A+
✔✔If the Commissioner has received a complaint that an individual has committed an
Unfair Trade Practice, the Commissioner may immediately
notify the person of a hearing
issue a cease and desist order
place on probation, censure, suspend, revoke, refuse to issue or renew the individual's
insurance license
sentence the person to a minimum of 1 year imprisonment and a $1,000 fine - ✔✔issue
a cease and desist order
✔✔Which of these is NOT considered to be a purpose of an annuity?
Annuities are intended to create an estate
Annuities are intended to liquidate an estate
Annuities are intended for the tax-free growth of principal
, Annuities are intended to distribute accumulated principal - ✔✔Annuities are intended
to create an estate
✔✔What is the purpose for having an accelerated death benefit on a life insurance
policy?
It allows for a spouse to be added as a rider to a life insurance policy
It allows for policy loans to be advanced to the insured in the event of unemployment
It allows for cash advances to be paid against the death benefit if the insured becomes
terminally ill
It allows for a third party to purchase a life insurance policy at a discounted rate and
immediately advance a portion of the death benefit - ✔✔It allows for cash advances to
be paid against the death benefit if the insured becomes terminally ill
✔✔Kathy pays a monthly premium on her health insurance policy. How long is her
grace period?
10 days
7 days
31 days
45 days - ✔✔10 days
✔✔Joe is a military retiree after having served 20 years of active duty. Upon retiring, he
requests reinstatement of his lapsed individual health policy and is denied. Which of the
following is correct?
Reinstatement can be denied only if a government plan finds health issues unrelated to
his military service
Joe cannot be denied reinstatement to his original individual health plan
Reinstatement can be denied upon finding negative underwriting results
Reinstatement applies, but only for lesser coverage and higher cost - ✔✔Joe cannot be
denied reinstatement to his original individual health plan
✔✔The branch of dentistry which deals with the replacement of missing parts is called?
Endodontics
, Periodontics
Orthodontics
Prosthodontics - ✔✔Prosthodontics
✔✔The entire contract includes the actual policy and the?
inspection report
warranty statements
provisions
application - ✔✔application
✔✔An applicant intentionally lying to an insurance company on an application in order
to obtain a cheaper premium is an example of
rebating
coercion
fraud
twisting - ✔✔fraud
✔✔An applicant for health insurance deliberately lies in order to obtain a lower premium
rate. This is an example of
Embezzlement
Misrepresentation
Fraud
Unfair Settlement Practice - ✔✔Fraud
✔✔The requirements for continuing education apply to all of the following EXCEPT
insurance producers
customer service representatives
EXAMINER QUESTIONS AND ANSWERS SURE A+
✔✔If the Commissioner has received a complaint that an individual has committed an
Unfair Trade Practice, the Commissioner may immediately
notify the person of a hearing
issue a cease and desist order
place on probation, censure, suspend, revoke, refuse to issue or renew the individual's
insurance license
sentence the person to a minimum of 1 year imprisonment and a $1,000 fine - ✔✔issue
a cease and desist order
✔✔Which of these is NOT considered to be a purpose of an annuity?
Annuities are intended to create an estate
Annuities are intended to liquidate an estate
Annuities are intended for the tax-free growth of principal
, Annuities are intended to distribute accumulated principal - ✔✔Annuities are intended
to create an estate
✔✔What is the purpose for having an accelerated death benefit on a life insurance
policy?
It allows for a spouse to be added as a rider to a life insurance policy
It allows for policy loans to be advanced to the insured in the event of unemployment
It allows for cash advances to be paid against the death benefit if the insured becomes
terminally ill
It allows for a third party to purchase a life insurance policy at a discounted rate and
immediately advance a portion of the death benefit - ✔✔It allows for cash advances to
be paid against the death benefit if the insured becomes terminally ill
✔✔Kathy pays a monthly premium on her health insurance policy. How long is her
grace period?
10 days
7 days
31 days
45 days - ✔✔10 days
✔✔Joe is a military retiree after having served 20 years of active duty. Upon retiring, he
requests reinstatement of his lapsed individual health policy and is denied. Which of the
following is correct?
Reinstatement can be denied only if a government plan finds health issues unrelated to
his military service
Joe cannot be denied reinstatement to his original individual health plan
Reinstatement can be denied upon finding negative underwriting results
Reinstatement applies, but only for lesser coverage and higher cost - ✔✔Joe cannot be
denied reinstatement to his original individual health plan
✔✔The branch of dentistry which deals with the replacement of missing parts is called?
Endodontics
, Periodontics
Orthodontics
Prosthodontics - ✔✔Prosthodontics
✔✔The entire contract includes the actual policy and the?
inspection report
warranty statements
provisions
application - ✔✔application
✔✔An applicant intentionally lying to an insurance company on an application in order
to obtain a cheaper premium is an example of
rebating
coercion
fraud
twisting - ✔✔fraud
✔✔An applicant for health insurance deliberately lies in order to obtain a lower premium
rate. This is an example of
Embezzlement
Misrepresentation
Fraud
Unfair Settlement Practice - ✔✔Fraud
✔✔The requirements for continuing education apply to all of the following EXCEPT
insurance producers
customer service representatives
