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Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
1. When would a supplemental attending physician's statement be appropriate for life or health insurance purposes?
A) At the request of the insurance company when it could affect the underwriting decision but with the consent of the applicant.
B) At the request of the insurance company without knowledge or approval of the applicant.
C) As a matter of routine when the applicant signs the life insurance application.
D) At the request of the insurance applicant to be submitted with the life insurance application.
2. Term life insurance is more appropriate than whole life insurance when the
A) maximum protection is needed, but the insured cannot afford premium payments for permanent insurance.
B) insured needs low cost permanent life insurance protection.
C) policyowner wants to borrow against the life insurance policy values.
D) policyowner desires an accumulation of cash values.
3. Under Medicare Hospital Insurance Part A, there are no medical benefits provided for treatment in a skilled nursing facility beyond
A) 180 days.
B) 60 days.
C) 30 days.
D) 100 days.
4. A condition for which medical advice, diagnosis, care, or treatment was recommended or received during the
6 months immediately preceding the effective date of group health coverage is
A) elimination period.
B) affiliation period.
C) preexisting condition.
D) diagnosed condition.
5. Backdating on a life insurance policy is the practice of
A) excluding medical coverage for preexisting medical conditions.
B) accepting the premium after the expiration of the grace period.
C) reinstating a lapsed policy.
D) making the policy effective on an earlier date than the present.
Solutions:
Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: D |