Oklahoma Life and Health Insurance Exam
Questions with Detailed Verified Answers (100%
Correct Answers) /Already Graded A+
Entire Contract Provision Answer: Includes all except changes made by the
producer
Two Perils in Health Insurance Answer: Accident and sickness
Death Benefit Riders Answer: Increase death benefit amount except Waiver of
Premium
Taxable Dividend Option Answer: Accumulation at interest
Credit Life Insurance Answer: Pays loan balance if insured dies before
repayment
Temporary Producer's License Validity Answer: 180 days
Deferred Annuity Interest Earnings Answer: Accumulate on a tax-deferred
basis
Exclusion in Home Health Care Benefit Answer: Full-time nursing care
Tax Liability on Life Insurance Proceeds Answer: No federal income tax owed
Medicare Supplement Open Enrollment Age Answer: 65
Mammography Coverage Age Answer: 40 and older
Health Policy Out-of-Pocket Payment Answer: Deductible
Forms of Inducement in Oklahoma Answer: Gift under $100
Group Policy Renewal Denial Answer: When contribution/participation rules
violated
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, Renewable Term Life Policy Renewal Answer: At a predetermined date/age
regardless of health
Maternity Inpatient Care Duration Answer: 48 hours for vaginal birth or 96
hours for caesarean section
Hospital Indemnity Coverage Answer: Pays daily amount for hospitalization
directly to insured
Medicare Supplement Policy Cancellation Answer: Non-payment of premium
Producer Disciplinary Action Answer: Misappropriation of premium funds
Noncancellable Disability Income Plans Answer: Insurer can never change
premium rates
Level Term Insurance Description Answer: Face amount
Underwriting Life Insurance Factors Answer: Marital status
Disability Income Rider Answer: Pays monthly amount for total/permanent
disability
Coordination of Benefits Provision Answer: Determines primary/secondary
insurer payments
Medicare Supplement Providers Answer: Private insurance companies
Insurer's Failure to Furnish Forms Answer: File written proof of loss
Cancelable Policy Answer: Insurer can cancel policy mid-term
Presumptive Disability Example Answer: Deafness
Dividend Option for Premium Payment Answer: Reduction of premium
dividend option
© 2025 Get it right Stuvia US All rights reserved
Questions with Detailed Verified Answers (100%
Correct Answers) /Already Graded A+
Entire Contract Provision Answer: Includes all except changes made by the
producer
Two Perils in Health Insurance Answer: Accident and sickness
Death Benefit Riders Answer: Increase death benefit amount except Waiver of
Premium
Taxable Dividend Option Answer: Accumulation at interest
Credit Life Insurance Answer: Pays loan balance if insured dies before
repayment
Temporary Producer's License Validity Answer: 180 days
Deferred Annuity Interest Earnings Answer: Accumulate on a tax-deferred
basis
Exclusion in Home Health Care Benefit Answer: Full-time nursing care
Tax Liability on Life Insurance Proceeds Answer: No federal income tax owed
Medicare Supplement Open Enrollment Age Answer: 65
Mammography Coverage Age Answer: 40 and older
Health Policy Out-of-Pocket Payment Answer: Deductible
Forms of Inducement in Oklahoma Answer: Gift under $100
Group Policy Renewal Denial Answer: When contribution/participation rules
violated
© 2025 Get it right Stuvia US All rights reserved
, Renewable Term Life Policy Renewal Answer: At a predetermined date/age
regardless of health
Maternity Inpatient Care Duration Answer: 48 hours for vaginal birth or 96
hours for caesarean section
Hospital Indemnity Coverage Answer: Pays daily amount for hospitalization
directly to insured
Medicare Supplement Policy Cancellation Answer: Non-payment of premium
Producer Disciplinary Action Answer: Misappropriation of premium funds
Noncancellable Disability Income Plans Answer: Insurer can never change
premium rates
Level Term Insurance Description Answer: Face amount
Underwriting Life Insurance Factors Answer: Marital status
Disability Income Rider Answer: Pays monthly amount for total/permanent
disability
Coordination of Benefits Provision Answer: Determines primary/secondary
insurer payments
Medicare Supplement Providers Answer: Private insurance companies
Insurer's Failure to Furnish Forms Answer: File written proof of loss
Cancelable Policy Answer: Insurer can cancel policy mid-term
Presumptive Disability Example Answer: Deafness
Dividend Option for Premium Payment Answer: Reduction of premium
dividend option
© 2025 Get it right Stuvia US All rights reserved
