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Oklahoma Life,
Accident, and Health or
Sickness Producer
Exam
Version: Demo
[ Total Questions: 10]
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Insurance Licensing
Ok-Life-Accident-and-Health-or-Sickness-Producer
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Insurance Licensing - Ok-Life-Accident-and-Health-or-Sickness-ProducerPass Exam
1 of 9Verified Solution - 100% Result
A. 
B. 
C. 
D. 
Category Breakdown
Category Number of Questions
Health Providers and Products 1
Licensing 1
Provisions, Options, Exclusions, Riders, Clauses, and Rights 2
Life Products 3
Long-Term Care (LTC) Policies 1
State Insurance Statutes, Rules, and Regulations 1
Medicare 1
TOTAL 10
Question #:1 - [Health Providers and Products]
How will covered expenses be paid if an insured has a scheduled dental policy?
All expenses will be paid after the insured’s deductible is paid.
The insurer will pay a percentage of each expense.
Benefits will be limited to a specific maximum dollar amount per procedure.
After the deductible is paid, benefits will be paid in a lump sum directly to the insured.
Answer: C
Explanation
A provides coverage based on a predetermined schedule of benefits, which lists scheduled dental policy
specific maximum dollar amounts payable for each dental procedure (e.g., $100 for a filling, $500 for a 
crown). This contrasts with comprehensive dental plans that may pay a percentage of expenses or cover all 
costs after a deductible.
Option A: Incorrect. Scheduled dental policies do not pay all expenses after a deductible; they limit 
payments to scheduled amounts.
Option B: Incorrect. Paying a percentage of expenses is typical of comprehensive dental plans, not 
scheduled policies.
Option C: Correct. Benefits are limited to a specific maximum dollar amount per procedure, as defined 
in the schedule.
Option D: Incorrect. Benefits are not paid as a lump sum directly to the insured; they are paid per 
procedure up to the scheduled limit.
This question aligns with the Prometric content outline under “Health Providers and Products,” which covers 
dental insurance structures.
:
Insurance Licensing - Ok-Life-Accident-and-Health-or-Sickness-ProducerPass Exam
2 of 9Verified Solution - 100% Result
A. 
B. 
C. 
D. 
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: 
General Knowledge – Accident and Health Insurance).
Oklahoma Insurance Department, Title 36 O.S. § 6060.3 (health insurance provisions, including dental).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.
Question #:2 - [Licensing]
A license is NOT required when you are
providing referrals.
selling insurance.
negotiating insurance.
soliciting insurance.
Answer: A
Explanation
In Oklahoma, an insurance producer license is required for activities defined as , which transacting insurance
includes selling, soliciting, or negotiating insurance contracts (Title 36 O.S. § 1435.2). (e.Providing referrals
g., passing along contact information without discussing insurance products) does not constitute transacting 
insurance and does not require a license, provided no compensation is tied to the sale.
Option A: Correct. Providing referrals does not require a license if it avoids solicitation or negotiation.
Option B: Incorrect. Selling insurance requires a producer license.
Option C: Incorrect. Negotiating insurance requires a producer license.
Option D: Incorrect. Soliciting insurance requires a producer license.
:
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: State-
Specific Knowledge – Licensing Requirements).
Oklahoma Insurance Department, Title 36 O.S. § 1435.2 (definition of transacting insurance).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.
Question #:3 - [Provisions, Options, Exclusions, Riders, Clauses, and Rights]
Insurance Licensing - Ok-Life-Accident-and-Health-or-Sickness-ProducerPass Exam
3 of 9Verified Solution - 100% Result
A. 
B. 
C. 
D. 
A. 
Under a group life policy, the policyowner is entitled to a grace period of 31 days for the payment of any 
premium due EXCEPT the first. During the grace period, the death benefit coverage shall
be discontinued.
be 50%.
continue in force.
be 75%.
Answer: C
Explanation
Under Oklahoma insurance law and standard group life insurance provisions, a group life policy includes a 
mandatory grace period of 31 days for the payment of premiums (except the first premium, which must be 
paid to initiate coverage). During this grace period, the policy remains in force, and the full death benefit is 
payable if the insured dies, provided the premium is eventually paid or the policy has not lapsed.
Option A: Incorrect. Coverage is not discontinued during the grace period; it continues to protect the 
insured.
Option B: Incorrect. The death benefit is not reduced to 50% during the grace period; it remains at 
100% of the policy’s face amount.
Option C: Correct. The death benefit coverage continues in force during the 31-day grace period, as 
mandated by Oklahoma law.
Option D: Incorrect. The death benefit is not reduced to 75%; it remains fully in effect.
This provision is outlined in Oklahoma statutes and aligns with the Prometric exam content outline under 
“Provisions, Options, Exclusions, Riders, Clauses, and Rights,” which includes knowledge of grace periods in 
group life policies.
:
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: 
General Knowledge – Life Insurance Provisions).
Oklahoma Insurance Department, Title 36 O.S. § 4105 (grace period requirements for group life insurance).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.
Question #:4 - [Life Products]
Spouses want to purchase a life insurance policy that will pay benefits at the death of the first spouse. This is 
an example of a
Insurance Licensing - Ok-Life-Accident-and-Health-or-Sickness-ProducerPass Exam
4 of 9Verified Solution - 100% Result
A. 
B. 
C. 
D. 
A. 
B. 
C. 
D. 
joint life policy.
variable life policy.
universal life policy.
survivorship life policy.
Answer: A
Explanation
A (also called a first-to-die policy) covers two or more individuals (e.g., spouses) and pays the joint life policy
death benefit upon the death of the first insured. This contrasts with a (second-to-die), survivorship life policy
which pays after both insureds die. Joint life policies are used for purposes like mortgage protection or family 
income needs (Title 36 O.S. § 4002).
Option A: Correct. A joint life policy pays benefits at the first spouse’s death.
Option B: Incorrect. A variable life policy is a permanent policy with investment options, not tied to 
joint coverage.
Option C: Incorrect. A universal life policy is flexible permanent insurance, not specifically joint.
Option D: Incorrect. A survivorship life policy pays after both spouses die.
:
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: 
General Knowledge – Life Insurance).
Oklahoma Insurance Department, Title 36 O.S.§ 4002 (life insurance products).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.
Question #:5 - [Life Products]
Jim purchased a $200,000 level term-to-age-65 life insurance policy when he was 35 years old. If Jim dies at 
age 50, what death benefit would be paid by this policy?
$50,000
$100,000
$150,000
$200,000
Answer: D
Insurance Licensing - Ok-Life-Accident-and-Health-or-Sickness-ProducerPass Exam
5 of 9Verified Solution - 100% Result
A. 
B. 
C. 
D. 
Explanation
A provides a fixed death benefit until the insured reaches age 65, as level term-to-age-65 life insurance policy
long as premiums are paid. Since Jim purchased a $200,000 policy at age 35 and dies at age 50 (before age 
65), the full death benefit of $200,000 is payable, assuming the policy is in force.
Option A: Incorrect. $50,000 is not the policy’s face amount.
Option B: Incorrect. $100,000 is not the policy’s face amount.
Option C: Incorrect. $150,000 is not the policy’s face amount.
Option D: Correct. The $200,000 death benefit is paid, as it is a level term policy.
This question falls under the Prometric content outline section on “Life Products,” which covers term life 
insurance benefits.
:
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: 
General Knowledge – Life Insurance).
Oklahoma Insurance Department, Title 36 O.S. § 4002 (life insurance products).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.
Question #:6 - [Provisions, Options, Exclusions, Riders, Clauses, and Rights]
Which of the following is an ADVANTAGE to the policyowner of the recurrent periods of disability 
provision in the disability income policy?
It reduces the annual premium amount.
It protects the insured from multiple elimination periods.
It improves the insurability of the applicant.
It reduces the actual period of disability.
Answer: B
Explanation
The in a disability income policy allows related or recurring recurrent periods of disability provision
disabilities within a specified timeframe (e.g., 6 months) to be treated as a single disability period. This 
protects the insured from serving multiple (the waiting period before benefits begin), elimination periods
ensuring faster benefit payments for recurrent conditions, as per standard disability policy provisions in 
Oklahoma (Title 36 O.S. § 4405).
Insurance Licensing - Ok-Life-Accident-and-Health-or-Sickness-ProducerPass Exam
6 of 9Verified Solution - 100% Result
A. 
B. 
C. 
D. 
Option A: Incorrect. The provision does not reduce premiums; it affects benefit timing.
Option B: Correct. It protects the insured from multiple elimination periods for recurrent disabilities.
Option C: Incorrect. The provision does not impact insurability; it’s a policy feature.
Option D: Incorrect. It does not reduce the disability period; it simplifies benefit access.
:
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: 
General Knowledge – Accident and Health Insurance).
Oklahoma Insurance Department, Title 36 O.S. § 4405 (health insurance provisions).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.
Question #:7 - [Life Products]
Term life insurance differs from permanent life insurance in that MOST often, term life insurance
accumulates a much smaller cash value.
has a longer premium payment period.
remains in force for a specific period of time.
is automatically renewable at the end of the term period.
Answer: C
Explanation
Term life insuranceprovides coverage for a specific period (e.g., 10, 20 years) and does not accumulate cash 
value, unlike (e.g., whole life), which provides lifelong coverage with cash value. permanent life insurance
Term policies may be renewable, but this is not automatic unless specified, and premium payment periods are 
shorter than permanent policies (Title 36 O.S. § 4002).
Option A: Incorrect. Term life accumulates no cash value, not a smaller amount.
Option B: Incorrect. Term life has a shorter premium payment period than permanent life.
Option C: Correct. Term life remains in force for a specific period, unlike lifelong permanent coverage.
Option D: Incorrect. Renewal is not automatic; it depends on the policy’s terms.
:
Insurance Licensing - Ok-Life-Accident-and-Health-or-Sickness-ProducerPass Exam
7 of 9Verified Solution - 100% Result
A. 
B. 
C. 
D. 
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: 
General Knowledge – Life Insurance).
Oklahoma Insurance Department, Title 36 O.S. § 4002 (life insurance products).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.
Question #:8 - [Long-Term Care (LTC) Policies]
In broad terms, the types of support and services generally associated with Long-Term Care policies are 
provided at which three levels of care?
Professional, social, and economic care.
Home-based, assisted living, and medical care.
Functional, rehabilitational, and medical care.
Skilled nursing, intermediate, and custodial care.
Answer: D
Explanation
Long-Term Care (LTC) insurance policies cover services for individuals who need assistance with activities 
of daily living (ADLs) or have severe cognitive impairments. The three primary levels of care in LTC policies 
are (intensive medical care by licensed professionals), (less intensive skilled nursing care intermediate care
medical care with some nursing support), and (non-medical assistance with ADLs, such as custodial care
bathing or dressing). These levels are standard in Oklahoma’s LTC regulations and align with federal 
guidelines.
Option A: Incorrect. Professional, social, and economic care are not standard LTC levels.
Option B: Incorrect. While home-based and assisted living are settings for LTC, they are not levels of 
care; medical care is too vague.
Option C: Incorrect. Functional and rehabilitational care are not standard LTC categories; medical care 
is not specific enough.
Option D: Correct. Skilled nursing, intermediate, and custodial care are the recognized levels of care in 
LTC policies.
This question falls under the Prometric content outline section on “Long-Term Care (LTC) Policies,” which 
includes knowledge of LTC services and coverage.
:
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: 
General Knowledge – Long-Term Care Policies).
Insurance Licensing - Ok-Life-Accident-and-Health-or-Sickness-ProducerPass Exam
8 of 9Verified Solution - 100% Result
A. 
B. 
C. 
D. 
Oklahoma Insurance Department, Title 36 O.S. § 4426.1 (long-term care insurance regulations).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.
Question #:9 - [State Insurance Statutes, Rules, and Regulations]
In Oklahoma, a foreign insurer is one formed under the laws of
Oklahoma.
a country other than the United States.
another state or government of the United States.
Oklahoma or under the laws of a state geographically bordering Oklahoma.
Answer: C
Explanation
In Oklahoma’s Insurance Code (Title 36 O.S. § 105), a is defined as an insurance company foreign insurer
formed under the laws of another U.S. state or territory. This distinguishes it from a (formed domestic insurer
in Oklahoma) and an (formed in a foreign country).alien insurer
Option A: Incorrect. An insurer formed in Oklahoma is a domestic insurer.
Option B: Incorrect. An insurer from a foreign country is an alien insurer.
Option C: Correct. A foreign insurer is formed under the laws of another U.S. state or government.
Option D: Incorrect. Geographic proximity is irrelevant; the definition is based on legal formation.
This question aligns with the Prometric content outline under “State Insurance Statutes, Rules, and 
Regulations,” which covers insurer classifications.
:
PrometricOklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: State-
Specific Knowledge – Oklahoma Insurance Statutes).
Oklahoma Insurance Department, Title 36 O.S. § 105 (definitions of insurers).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.
Question #:10 - [Medicare]
Insurance Licensing - Ok-Life-Accident-and-Health-or-Sickness-ProducerPass Exam
9 of 9Verified Solution - 100% Result
A. 
B. 
C. 
D. 
An insured individual who just turned 67 years old is still working and is a member of the group health 
insurance plan provided by his employer, which has 18 insured employees. In this case, Medicare will MOST 
likely
act as the primary insurer and pay claims up to the limit of the policy.
act as a secondary insurer and pay claims not completely covered by the group health insurance.
not cover any claims to protect against overinsurance.
require the individual to cancel his group insurance.
Answer: B
Explanation
For individuals aged 65 or older who are still working and covered by an employer’s group health plan, 
Medicare’s role depends on the employer’s size. For employers with fewer than 20 employees (as in this case 
with 18 employees), Medicare is typically the , and the group health plan is secondary. primary payer
However, if the individual is actively working and enrolled in the group plan, the group plan is primary, and 
Medicare acts as the , covering claims not fully paid by the group plan, as per Medicare secondary payer
Secondary Payer (MSP) rules.
Option A: Incorrect. The group health plan is primary for active employees, not Medicare.
Option B: Correct. Medicare acts as the secondary insurer, paying claims not fully covered by the 
group plan.
Option C: Incorrect. Medicare does cover claims as a secondary payer, not denying them to prevent 
overinsurance.
Option D: Incorrect. Medicare does not require cancellation of group insurance; individuals can 
maintain both.
This question aligns with the Prometric content outline under “Medicare,” which covers Medicare’s 
coordination with group health plans.
:
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: 
General Knowledge – Medicare).
Oklahoma Insurance Department, Title 36 O.S. § 6217 (Medicare supplement insurance).
Medicare Secondary Payer Rules, 42 CFR § 411.100 et seq.
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