Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Value Pack (Frequently Bought Together)

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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:

Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:

1. An agent's underwriting duties include which of the following?

A) Completing all applications and collecting initial premiums.
B) Setting premium amounts.
C) Declining or accepting an application.
D) Issuing the policy.

2. Under a multiple protection policy, the policy that pays on the death of the last person is called

A) a joint life policy.
B) a universal life policy.
C) a survivorship life policy.
D) an annuity life policy.

3. A licensee who has a change of address must notify the Insurance Commissioner within

A) 60 days.
B) 120 days.
C) 90 days.
D) 30 days.

4. A policyowner purchased a whole life policy. How long after purchase can the policyowner borrow against the cash value of the policy?

A) 2 years
B) 3 years
C) never
D) 1 year

5. Upon receipt of notice of claim, the insurance company will furnish to the claimant such forms for filing proof of loss within how many days?

A) 15
B) 20
C) 30
D) 10

Solutions: