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| Section | Objectives |
|---|---|
| Topic 1: General Insurance Principles | - Risk management and insurance concepts - Insurable interest and underwriting basics |
| Topic 2: State Insurance Regulations (Oklahoma) | - Producer licensing requirements and conduct - Oklahoma Insurance Code and regulations - Unfair trade practices and ethics |
| Topic 3: Life Insurance Concepts | - Policy provisions, riders, and options - Beneficiaries and settlements - Types of life insurance policies |
| Topic 4: Accident and Health Insurance | - Health insurance policy types - Medical expense coverage concepts - Disability income insurance |
| Topic 5: Annuities | - Fixed and variable annuities - Annuity payout options |
Question 1
An insurance producer sells fake policies and gambles the premium payments at a casino. Which entity would not be involved in the investigation?
A. Oklahoma Insurance Department Anti-Fraud Unit
B. Oklahoma State Bureau of Investigation
C. Oklahoma Attorney General
D. Securities Exchange Commission
Question 2
A licensee who has a change of address must notify the Insurance Commissioner within
A. 90 days.
B. 30 days.
C. 60 days.
D. 120 days.
Question 3
Accidental death covers death from
A. terminal illness.
B. infections.
C. self-inflicted wounds.
D. drowning.
Question 4
A policy that provides coverage for persons with chronic diseases or disabilities, and often covers nursing home care, home-based care, and respite care is known as
A. Medicare insurance.
B. Medicaid insurance.
C. Long-Term Care insurance.
D. Group Health insurance.
Question 5
Failure of an insurance producer to complete the continuing education requirements may result in
A. an additional 20 continuing education hours the following year.
B. revocation of license.
C. a felony conviction.
D. nonrenewal of license.
Solutions:
| Question 1 Answer: D | Question 2 Answer: B | Question 3 Answer: D | Question 4 Answer: C | Question 5 Answer: D |
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