Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Info and Free Practice Test All-in-One Exam Guide Apr-2026 [Q87-Q109]

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Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Info and Free Practice Test All-in-One Exam Guide Apr-2026

Pass Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Actual Free Exam Q&As Updated Dump Apr 02, 2026

NEW QUESTION 87
A policyowner purchased a whole life policy. How long after purchase can the policyowner borrow against the cash value of the policy?

never

1 year

2 years

3 years

NEW QUESTION 88
When can an insurer cancel a Medicare supplement plan?

At any time.

At the enrollment period.

On a date specified in the policy.

After nonpayment.

NEW QUESTION 89
Disability policies MOST often pay benefits in the form of

an annuity.

periodic income.

a lump sum reimbursement for wages lost.

a lump sum payment based on projected income.

NEW QUESTION 90
Loans may generally be obtained against the proceeds of a personal life insurance policy, and policy loan proceeds

accelerate the benefits under the policy.

are not treated as taxable income.

are subject to Federal estate tax.

generate nontaxable interest income.

NEW QUESTION 91
Credit and accident disability plans are designed to

replace an employee’s income.

help an insured pay off a loan in the event of an accident or sickness.

pay medical and dental premiums for the insured.

pay for legal actions against the insured.

NEW QUESTION 92
A deliberate lie by an insured to the insurer to obtain a lower premium is an example of

omission.

fraud.

concealment.

aleatory.

NEW QUESTION 93
In a life insurance cash value policy, the automatic premium loan provision authorizes the insurance company to withdraw from the policy’s cash values the amount of

any outstanding loans from any policies insured with the same insurance company.

premiums due if the premium has not been paid by the end of the grace period.

premiums needed to terminate the policy.

interest owed by the insured on outstanding policy loan amounts not repaid at the policy’s maturity date.

NEW QUESTION 94
Which of the following is NOT a right of the life insurance policyowner?

Assign or transfer the policy.

Borrow from the cash values.

Select and change a beneficiary.

Revoke an absolute assignment.

NEW QUESTION 95
Determining the appropriate coverage for an individual seeking long-term care insurance is

coinsurance.

suitability.

contestability.

accountability.

NEW QUESTION 96
A type of life insurance policy which provides for the payment of the face amount at the end of the specified period if the insured is still alive, is

a universal life insurance policy.

a modified life insurance policy.

an endowment policy.

a juvenile trust.

NEW QUESTION 97
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?

NEW QUESTION 98
Long-Term Care Policies exclude coverage for all of the following EXCEPT

alcoholism or drug addiction.

acts of war while serving in the military.

self-inflicted injuries.

Alzheimer’s disease.

NEW QUESTION 99
Employees covered by an employer health plan are issued an insurance

policy.

contract.

covenant.

certificate.

NEW QUESTION 100
Transacting insurance includes any of the following EXCEPT

selling insurance.

preliminary negotiations.

delivering insurance contracts.

gathering prospective buyer information.

NEW QUESTION 101
An insured with a major medical policy has a per cause deductible of $100. Over the course of the year, the insured visits the doctor’s office three times for injuries. Excluding the premium, what is the MINIMUM amount the insured MUST pay for the year if each visit costs $200?

$100

$200

$300

$500

NEW QUESTION 102
An insurance producer sells fake policies and gambles the premium payments at a casino. Which entity would not be involved in the investigation?

Oklahoma Attorney General

Oklahoma State Bureau of Investigation

Oklahoma Insurance Department Anti-Fraud Unit

Securities Exchange Commission

NEW QUESTION 103
Under the Fair Credit Reporting Act, a consumer report includes

communication of information among persons related by common ownership.

any report containing information solely as to transactions between the consumer and the person making the report.

communication of information by a consumer reporting agency bearing on a consumer’s credit standing, worthiness, or personal characteristics.

any authorizations or approval of a specific extension of credit, directly or indirectly, by the issuer of a credit card.

NEW QUESTION 104
A single contract for group medical insurance issued to an employer is known as

a master policy.

an employer policy.

a certificate policy.

a conglomerate policy.

NEW QUESTION 105
In addition to the application, MIB, or consumer reports, underwriters can acquire information from all of the following EXCEPT

medical questionnaires.

attending physician statements.

physical examinations.

genetic testing.

NEW QUESTION 106
A person whose life is insured under a group insurance policy has the right to designate a beneficiary and the right to

cash in the surrender value.

convert the premiums to a different policy.

remain as an insured in the case of termination of employment.

have an individual policy issued in the case of termination of employment.

NEW QUESTION 107
Both husband and wife have group health insurance through their employers. Each spouse is covered under both policies. Under the coordination of benefits provision, how will the benefits be paid if the wife incurs a
$400 covered loss?

Only the wife’s insurer will pay expenses toward the loss.

Only the primary insurer will pay expenses toward the loss under the limits of the plan.

The primary insurer will pay as much of the claim as the policy permits, then the secondary insurer will pay the remainder of the claim as its policy permits.

The husband’s insurer will pay as much of the claim as the policy permits, then the wife’s insurer will pay the remainder.

NEW QUESTION 108
Which of the following describes the gatekeeper strategy used by HMOs?

The refusal of coverage for patients with preexisting conditions.

The process of obtaining referrals to specialists from primary care physicians.

The emphasis on preventing enrollees from using patient services.

The use of supplemental services on an additional cost basis.

NEW QUESTION 109
What is it called when a health insurance policy terminates and the policyholder is allowed to receive benefits past the termination date of the policy?

qualifying event.

duration of coverage.

extension of benefits.

notification statement.