Oklahoma Life And Health Exam Study
Guide Part 3 With 100% Complete
Solution
TheiinitialiamountioficreditilifeiinsuranceimayiNOTie
xceed
a)iTheiamountitoibeirepaidiunderitheicontract.
b)iAniamountisetibyistatuteiandiadjustediregularlyifor
iinflation.
c)iTheiborrower'simonthlyiincome.
d)iTheiborrower'siannualiincome.i-iCorrectiAnswer-
A.iTheiamountitoibeirepaidiunderitheicontract
Theiinitialiamountioficreditilifeiinsuranceimayinotiexc
eeditheitotaliamountirepayableiunderitheicontractiofii
ndebtedness.
Howioftenimustiproducersiinithisistateicompleteicont
inuingieducationirequirement?
a)iAnnually
b)iEveryi2iyears
c)iEveryi3iyears
d)iEveryi5iyearsi-iCorrectiAnswer-B.iEveryi2iyears
Eachiinsuranceiproduceri(exceptiforititleiproducers)i
musticompleteiatileasti24ihoursioficontinuingieducat
ionibienniallyi(everyi2iyears).iThreeiofithoseihoursim
ustibeiiniethicsieducation.
Howimanyidaysidoesianiinsurerihaveitoiresponditoiaiw
rittenicommunicationifromiaiclaimant?
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
, a)i10idays
b)i20idays
c)i30idays
d)i90idaysi-iCorrectiAnswer-C.i30idays
iInsurersimustiresponditoiwrittenicommunicationsifr
omiclaimantsiwithini30idaysiofireceivingitheicommun
ication.
Ifitheipolicyowneridefaultsionianyipremiumipaymentif
oriailifeiinsuranceipolicy,itheiinsurerimustinotifyithei
policyholderiiniwritingiasitoitheipolicyholdersioption
s.iThisinotificationiformimustibeiprovideditoitheipolic
yholderiwithin
a)i6imonths.
b)i3imonths.
c)i2imonths.
d)i1imonth.i-iCorrectiAnswer-B.i3imonths
Notificationimustibeiprovideditoitheipolicyholderiwit
hini3imonths,iasispecifiediinitheiOklahomaiInsurancei
Code.
Accordingitoitheitelemarketingisalesirules,iwhatiareit
heipermissibleicallingihoursiforitelemarketingicalls?
a)i10amiuntili10pm
b)i7amiuntili7pm
c)i7amiuntili9pm
d)i8amiuntili9pmi-iCorrectiAnswer-D.i8amiuntili9pm
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
Guide Part 3 With 100% Complete
Solution
TheiinitialiamountioficreditilifeiinsuranceimayiNOTie
xceed
a)iTheiamountitoibeirepaidiunderitheicontract.
b)iAniamountisetibyistatuteiandiadjustediregularlyifor
iinflation.
c)iTheiborrower'simonthlyiincome.
d)iTheiborrower'siannualiincome.i-iCorrectiAnswer-
A.iTheiamountitoibeirepaidiunderitheicontract
Theiinitialiamountioficreditilifeiinsuranceimayinotiexc
eeditheitotaliamountirepayableiunderitheicontractiofii
ndebtedness.
Howioftenimustiproducersiinithisistateicompleteicont
inuingieducationirequirement?
a)iAnnually
b)iEveryi2iyears
c)iEveryi3iyears
d)iEveryi5iyearsi-iCorrectiAnswer-B.iEveryi2iyears
Eachiinsuranceiproduceri(exceptiforititleiproducers)i
musticompleteiatileasti24ihoursioficontinuingieducat
ionibienniallyi(everyi2iyears).iThreeiofithoseihoursim
ustibeiiniethicsieducation.
Howimanyidaysidoesianiinsurerihaveitoiresponditoiaiw
rittenicommunicationifromiaiclaimant?
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol
, a)i10idays
b)i20idays
c)i30idays
d)i90idaysi-iCorrectiAnswer-C.i30idays
iInsurersimustiresponditoiwrittenicommunicationsifr
omiclaimantsiwithini30idaysiofireceivingitheicommun
ication.
Ifitheipolicyowneridefaultsionianyipremiumipaymentif
oriailifeiinsuranceipolicy,itheiinsurerimustinotifyithei
policyholderiiniwritingiasitoitheipolicyholdersioption
s.iThisinotificationiformimustibeiprovideditoitheipolic
yholderiwithin
a)i6imonths.
b)i3imonths.
c)i2imonths.
d)i1imonth.i-iCorrectiAnswer-B.i3imonths
Notificationimustibeiprovideditoitheipolicyholderiwit
hini3imonths,iasispecifiediinitheiOklahomaiInsurancei
Code.
Accordingitoitheitelemarketingisalesirules,iwhatiareit
heipermissibleicallingihoursiforitelemarketingicalls?
a)i10amiuntili10pm
b)i7amiuntili7pm
c)i7amiuntili9pm
d)i8amiuntili9pmi-iCorrectiAnswer-D.i8amiuntili9pm
iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii Vendarsol