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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer : Oklahoma Life, Accident, and Health or Sickness Producer Exam

Exam Code: Ok-Life-Accident-and-Health-or-Sickness-Producer

Exam Name: Oklahoma Life, Accident, and Health or Sickness Producer Exam

Updated: Sep 29, 2026

Q & A: 157 Questions and Answers

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

SectionObjectives
General Insurance Principles- Insurable interest and underwriting basics
- Risk management and insurance concepts
Annuities- Annuity payout options
- Fixed and variable annuities
Accident and Health Insurance- Disability income insurance
- Health insurance policy types
- Medical expense coverage concepts
State Insurance Regulations (Oklahoma)- Unfair trade practices and ethics
- Oklahoma Insurance Code and regulations
- Producer licensing requirements and conduct
Life Insurance Concepts- Types of life insurance policies
- Policy provisions, riders, and options
- Beneficiaries and settlements

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

Question #1

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

  • A. Setting premium amounts.
  • B. Declining or accepting an application.
  • C. Issuing the policy.
  • D. Completing all applications and collecting initial premiums.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

Mortgage redemption or cancellation insurance is a form of what type of insurance?

  • A. Increasing term.
  • B. Level premium universal life.
  • C. Decreasing term.
  • D. Level premium whole life.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

Under a Long-Term Care policy, all of the following are Activities of Daily Living EXCEPT

  • A. toileting.
  • B. eating.
  • C. dressing.
  • D. talking.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

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

  • A. are not treated as taxable income.
  • B. are subject to Federal estate tax.
  • C. accelerate the benefits under the policy.
  • D. generate nontaxable interest income.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

All documents required under law in an insurance transaction may be stored, delivered, or presented by electronic means so long as it meets the requirements of the

  • A. Oklahoma Insurance Commissioner.
  • B. National Association of Insurance Commissioners.
  • C. Uniform Commercial Code.
  • D. Uniform Electronic Transaction Act.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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