Oklahoma Life & Health Insurance Exam
With 100% Correct And Verified Answers
IniOklahoma,iailifeiinsuranceipolicyiloanimayiNOTiex
ceedianiinterestirateiofi-iCorrectiAnswer-8%
UnderiHIPAAirequirements,ieligibilityiforitheipre-
existingiconditionsiexclusioniwaiveriunderinewicover
ageiisilostiifi-iCorrectiAnswer-
thereiisiaibreakiinicoverageiofimoreithani63idays
Whichiofitheifollowingihealthiinsuranceiprovisionsire
quiresithatitheiapplicationibecomesipartiofitheipolicy
?i-iCorrectiAnswer-EntireiContracticlause
impatientipsychiatricicareiisicoverediunderiPartiAiMe
dicareifori190idaysiperi-iCorrectiAnswer-lifetime
Whatihappensiwheniaipolicyowneriborrowsiagainstith
eicashivalueiofihisilifeiinsuranceipolicy?i-
iCorrectiAnswer-
Theipolicyiproceedsiwouldibeireducedibyitheioutstan
dingiloanibalance
ABCiCorporationipurchasesiandiisibeneficiaryiofianiin
dividualidisabilityiincomeiinsuranceipolicyioniaikeyie
mployee.iWhichiofitheifollowingistatementsiisitrue?i-
iCorrectiAnswer-Benefitsiareireceiveditax-
freeibyitheicompany
AllipartsiofitheiMedicareiprogrami(exceptiforipublicii
nformationiandienrollment)iareiadministeredibyiwhi
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
,chifederaliagency?i-iCorrectiAnswer-
TheiCentersiofiMedicareiandiMedicaidiServices
WhichiofitheifollowingiisiNOTianiintendediuseiofiania
nnuity?i-iCorrectiAnswer-
Createinewifundsiuponitheideathiofiwage-earner
PartiAiMedicareiincludesicoverageiforialliofitheifollow
ingiservicesiEXCEPTi-iCorrectiAnswer-
120idaysiofiSkillediNursingiFacilityicare
WhichiofitheseifactorsidoesiNOTiaffectitheilifeiinsura
nceipremiumirates?i-iCorrectiAnswer-
ProduceriCertification
AilicenseiisiNOTirequirediwheniyouiarei-
iCorrectiAnswer-providingireferrals
Producersimusticompleteiaitotaliofi___iContinuingiEd
ucationicreditsiforieachitwo-yearilicensingiperiod.i-
iCorrectiAnswer-24
Whichilifeiinsuranceipolicyiwouldibeieligibleitoiinclu
deianiautomaticipremiumiloaniprovision?i-
iCorrectiAnswer-Wholeilife
AiGuaranteediRenewableiprovisioniallowsi-
iCorrectiAnswer-
premiumsiwhichicanionlyibeiincreasediperirateiclass
AniinsuranceiproduceriisiBESTidefinediasi-
iCorrectiAnswer-
aipersoniwhoihasiaicontractiwithianiinsuranceicompa
nyitoirepresentiit
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
,Ifiainewipolicyiisireplacingianiexistingione,itheiinsure
diisigivenitheirightitoireturniforiaifullirefundiofiatileas
tihowimanyidaysiafteripolicyidelivery.i-
iCorrectiAnswer-20
Alliofitheseiareiuseditoipreventiadverseiselectioniiniai
groupidentaliplaniEXCEPTi-iCorrectiAnswer-
decreasediemployeeiparticipation
Howilongicanianiinsurerilegallyideferipayingitheicashi
valueiofiaisurrenderedilifeiinsuranceipolicy?i-
iCorrectiAnswer-6imonths
TheiinsuranceiinformationiandiPrivacyiProtectioniAc
tiisidesigneditoilimitioridirectitheiinformationicollecti
oniactivitiesiofialliofitheifollowing,iEXCEPT:i-
iCorrectiAnswer-COBRAirepresentatives
Fieldiunderwritingibyiaiproduceri-iCorrectiAnswer-
mayiresultiinitheidisclosureiofihazardousiactivitiesiofi
theiapplicant
Joeiisiaimilitaryiretireeiafterihavingiservedi20iyearsiofi
activeiduty.iUponiretiring,iheirequestsireinstatementi
ofihisilapsediindividualihealthipolicyiandiisidenied.iW
hichiofitheifollowingiisicorrect?i-iCorrectiAnswer-
Joeicannotibeideniedireinstatementitoihisioriginaliind
ividualihealthiplan
Atiwhatipointiareideathiproceedsipaidiiniaijointilifeiin
suranceipolicy?i-iCorrectiAnswer-
Whenitheifirstiinsuredidies
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
, EmergencyihealthicareicoverageiforiMedicareienrolle
esitravelingiabroadiisi-iCorrectiAnswer-
aiMedicareiSupplementiadditionalibenefit
Timiisicoveredibyianiaccidentiandihealthiinsuranceipo
licyithatimayinotibeichangediinianyiwayibyitheiinsureri
upitoiaistatediage,iasilongiasitheipremiumsiareipaid.i
Whatitypeiofipolicyiisithis?i-iCorrectiAnswer-
Noncancelable
Howilongidoesioneipremiumipaymenticoveriiniaisingl
eipremiumiwholeilifeipolicy?i-iCorrectiAnswer-
fullilifeiofitheipolicy
Theiinteresticrediteditoitheicashivaluesiofipersonally-
ownedinon-qualifiediannuitiesiisiconsideredi-
iCorrectiAnswer-tax-deferred
Whichiofitheifollowingistatementsiaccuratelyidescrib
esithei"timeilimitionicertainidefenses"?i-
iCorrectiAnswer-
Afteriaistatediperiodiofitime,iclaimsicannotibeideniedi
dueitoimaterialimisrepresentationionitheiapplication
Producersimusticompleteihowimanyihoursioficontinu
ingieducationibiannually.i-iCorrectiAnswer-24
Whoimayiterminateicoverageiunderiaicancelableiheal
thiinsuranceipolicy?i-iCorrectiAnswer-
theiinsurerioritheiinsured
Theiamountiofiaicoveredilossitoibeipaidibyitheiinsuredi
beforeiaimajorimedicaliexpenseipolicyibeginsitoipayiis
icalledithei-iCorrectiAnswer-deductibleiamount
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
With 100% Correct And Verified Answers
IniOklahoma,iailifeiinsuranceipolicyiloanimayiNOTiex
ceedianiinterestirateiofi-iCorrectiAnswer-8%
UnderiHIPAAirequirements,ieligibilityiforitheipre-
existingiconditionsiexclusioniwaiveriunderinewicover
ageiisilostiifi-iCorrectiAnswer-
thereiisiaibreakiinicoverageiofimoreithani63idays
Whichiofitheifollowingihealthiinsuranceiprovisionsire
quiresithatitheiapplicationibecomesipartiofitheipolicy
?i-iCorrectiAnswer-EntireiContracticlause
impatientipsychiatricicareiisicoverediunderiPartiAiMe
dicareifori190idaysiperi-iCorrectiAnswer-lifetime
Whatihappensiwheniaipolicyowneriborrowsiagainstith
eicashivalueiofihisilifeiinsuranceipolicy?i-
iCorrectiAnswer-
Theipolicyiproceedsiwouldibeireducedibyitheioutstan
dingiloanibalance
ABCiCorporationipurchasesiandiisibeneficiaryiofianiin
dividualidisabilityiincomeiinsuranceipolicyioniaikeyie
mployee.iWhichiofitheifollowingistatementsiisitrue?i-
iCorrectiAnswer-Benefitsiareireceiveditax-
freeibyitheicompany
AllipartsiofitheiMedicareiprogrami(exceptiforipublicii
nformationiandienrollment)iareiadministeredibyiwhi
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
,chifederaliagency?i-iCorrectiAnswer-
TheiCentersiofiMedicareiandiMedicaidiServices
WhichiofitheifollowingiisiNOTianiintendediuseiofiania
nnuity?i-iCorrectiAnswer-
Createinewifundsiuponitheideathiofiwage-earner
PartiAiMedicareiincludesicoverageiforialliofitheifollow
ingiservicesiEXCEPTi-iCorrectiAnswer-
120idaysiofiSkillediNursingiFacilityicare
WhichiofitheseifactorsidoesiNOTiaffectitheilifeiinsura
nceipremiumirates?i-iCorrectiAnswer-
ProduceriCertification
AilicenseiisiNOTirequirediwheniyouiarei-
iCorrectiAnswer-providingireferrals
Producersimusticompleteiaitotaliofi___iContinuingiEd
ucationicreditsiforieachitwo-yearilicensingiperiod.i-
iCorrectiAnswer-24
Whichilifeiinsuranceipolicyiwouldibeieligibleitoiinclu
deianiautomaticipremiumiloaniprovision?i-
iCorrectiAnswer-Wholeilife
AiGuaranteediRenewableiprovisioniallowsi-
iCorrectiAnswer-
premiumsiwhichicanionlyibeiincreasediperirateiclass
AniinsuranceiproduceriisiBESTidefinediasi-
iCorrectiAnswer-
aipersoniwhoihasiaicontractiwithianiinsuranceicompa
nyitoirepresentiit
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
,Ifiainewipolicyiisireplacingianiexistingione,itheiinsure
diisigivenitheirightitoireturniforiaifullirefundiofiatileas
tihowimanyidaysiafteripolicyidelivery.i-
iCorrectiAnswer-20
Alliofitheseiareiuseditoipreventiadverseiselectioniiniai
groupidentaliplaniEXCEPTi-iCorrectiAnswer-
decreasediemployeeiparticipation
Howilongicanianiinsurerilegallyideferipayingitheicashi
valueiofiaisurrenderedilifeiinsuranceipolicy?i-
iCorrectiAnswer-6imonths
TheiinsuranceiinformationiandiPrivacyiProtectioniAc
tiisidesigneditoilimitioridirectitheiinformationicollecti
oniactivitiesiofialliofitheifollowing,iEXCEPT:i-
iCorrectiAnswer-COBRAirepresentatives
Fieldiunderwritingibyiaiproduceri-iCorrectiAnswer-
mayiresultiinitheidisclosureiofihazardousiactivitiesiofi
theiapplicant
Joeiisiaimilitaryiretireeiafterihavingiservedi20iyearsiofi
activeiduty.iUponiretiring,iheirequestsireinstatementi
ofihisilapsediindividualihealthipolicyiandiisidenied.iW
hichiofitheifollowingiisicorrect?i-iCorrectiAnswer-
Joeicannotibeideniedireinstatementitoihisioriginaliind
ividualihealthiplan
Atiwhatipointiareideathiproceedsipaidiiniaijointilifeiin
suranceipolicy?i-iCorrectiAnswer-
Whenitheifirstiinsuredidies
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
, EmergencyihealthicareicoverageiforiMedicareienrolle
esitravelingiabroadiisi-iCorrectiAnswer-
aiMedicareiSupplementiadditionalibenefit
Timiisicoveredibyianiaccidentiandihealthiinsuranceipo
licyithatimayinotibeichangediinianyiwayibyitheiinsureri
upitoiaistatediage,iasilongiasitheipremiumsiareipaid.i
Whatitypeiofipolicyiisithis?i-iCorrectiAnswer-
Noncancelable
Howilongidoesioneipremiumipaymenticoveriiniaisingl
eipremiumiwholeilifeipolicy?i-iCorrectiAnswer-
fullilifeiofitheipolicy
Theiinteresticrediteditoitheicashivaluesiofipersonally-
ownedinon-qualifiediannuitiesiisiconsideredi-
iCorrectiAnswer-tax-deferred
Whichiofitheifollowingistatementsiaccuratelyidescrib
esithei"timeilimitionicertainidefenses"?i-
iCorrectiAnswer-
Afteriaistatediperiodiofitime,iclaimsicannotibeideniedi
dueitoimaterialimisrepresentationionitheiapplication
Producersimusticompleteihowimanyihoursioficontinu
ingieducationibiannually.i-iCorrectiAnswer-24
Whoimayiterminateicoverageiunderiaicancelableiheal
thiinsuranceipolicy?i-iCorrectiAnswer-
theiinsurerioritheiinsured
Theiamountiofiaicoveredilossitoibeipaidibyitheiinsuredi
beforeiaimajorimedicaliexpenseipolicyibeginsitoipayiis
icalledithei-iCorrectiAnswer-deductibleiamount
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol