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

1. The elimination period in an individual disability insurance policy refers to the

A) length of time a policy will continue to pay for specific disabilities.
B) point in time when benefits are exhausted.
C) amount of time a disabled person must wait before benefits are paid.
D) period of time that benefits are still payable after an insurance company discontinues a policy.


2. How long is the contestable period for a life insurance policy?

A) 24 months
B) 6 months
C) 12 months
D) 36 months


3. Credit and accident disability plans are designed to

A) help an insured pay off a loan in the event of an accident or sickness.
B) pay for legal actions against the insured.
C) pay medical and dental premiums for the insured.
D) replace an employee's income.


4. Any person entitled to reimbursement for expenses of health care services and procedures under an Accident and Health Insurance Policy issued by an insurer is

A) a practitioner.
B) an insurer.
C) a Preferred Provider Organization.
D) an insured.


5. 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

A) continue in force.
B) be discontinued.
C) be 50%.
D) be 75%.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: A
Question # 3
Answer: A
Question # 4
Answer: D
Question # 5
Answer: A

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