2026 Easy Success Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam in First Try [Q72-Q92]

2026 Easy Success Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam in First Try

Best Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Dumps for the Preparation of Latest Exam Questions

NEW QUESTION # 72
A group major medical policy is written with a $1,000 deductible, 80/20 coinsurance, and an out-of-pocket maximum of $3,000. The insured goes into the hospital for a covered procedure. The total cost of the procedure is $5,000. How much does the insured have to pay towards the $5,000 total?

• A. $5,000
• B. $1,800
• C. $1,000
• D. $3,000

Answer: D

Explanation:
To calculate the insured's payment:
* Deductible: The insured pays the first $1,000 of the $5,000 procedure cost.
* Remaining cost: $5,000 - $1,000 = $4,000.
* Coinsurance: The policy has 80/20 coinsurance, so the insurer pays 80% ($3,200) and the insured pays
20% ($800) of the $4,000.
* Total paid by insured: $1,000 (deductible) + $800 (coinsurance) = $1,800.
* Out-of-pocket maximum: The policy's $3,000 out-of-pocket maximum caps the insured's total payments. Since $1,800 is less than $3,000, the insured pays $1,800. However, the question asks for the total paid "towards the $5,000," and the out-of-pocket maximum of $3,000 suggests a cap on total liability for covered expenses. In this context, the correct interpretation is that the insured's payment is capped at the out-of-pocket maximum if applicable, but standard calculation yields $1,800, and the answer options suggest a possible intent for the maximum.
Upon review, the correct calculation yields $1,800 (Option C), but the out-of-pocket maximum of $3,000 (Option B) may be the intended answer if the question implies the maximum liability. Given the standard insurance calculation,Option C ($1,800)is mathematically correct, butOption B ($3,000)aligns with the out- of-pocket maximum as a potential cap. Since the calculation is clear, we selectC.
Corrected answer: C
Explanation of Calculation:
* Deductible: $1,000.
* Coinsurance: 20% of $4,000 = $800.
* Total: $1,000 + $800 = $1,800.
* The out-of-pocket maximum ($3,000) is not reached, so the insured pays $1,800.
* Option A: Incorrect. The insured does not pay the full $5,000 due to insurer contributions.
* Option B: Incorrect. The $3,000 out-of-pocket maximum is not reached; the calculated payment is
$1,800.
* Option C: Correct. The insured pays $1,800 based on the deductible and coinsurance.
* Option D: Incorrect. The $1,000 deductible alone does not account for coinsurance.
This question aligns with the Prometric content outline under "Provisions, Options, Exclusions, Riders, Clauses, and Rights," which covers health insurance cost-sharing provisions.
:
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 policy provisions).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 73
Within a specified number of days, a free-look provision gives the

• A. policyowner the right to return the policy for a full refund.
• B. policyowner the right to return the policy for a partial refund.
• C. company the right to alter the policy.
• D. company the right to rescind the policy.

Answer: A

Explanation:
Thefree-look provision, required in Oklahoma for life and health insurance policies (Title 36 O.S. § 4007 for life, § 4405 for health), allows the policyowner to return the policy within a specified period (typically 10 days for life, 30 days for Medigap) from receipt for afull refundof premiums paid, no questions asked. This protects consumers by allowing time to review the policy.
* Option A: Incorrect. The insurer cannot rescind during the free-look period; that right applies to contestability.
* Option B: Incorrect. The refund is full, not partial, during the free-look period.
* Option C: Correct. The policyowner can return the policy for a full refund within the specified period.
* Option D: Incorrect. The insurer cannot unilaterally alter the policy during the free-look period.
This question aligns with the Prometric content outline under "Provisions, Options, Exclusions, Riders, Clauses, and Rights," which covers free-look provisions.
:
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section:
General Knowledge - Life and Health Insurance Provisions).
Oklahoma Insurance Department, Title 36 O.S. § 4007, § 4405 (free-look provisions).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 74
If Janet purchases a 10-year level term life insurance policy with a face amount of $100,000, which of the following is TRUE?

• A. The face amount will increase as dividends on the policy accumulate over the 10-year period.
• B. The face amount will remain constant as the premium increases over the 10-year period.
• C. The premium and the face amount will remain constant for the 10-year period.
• D. The policy will be converted to a whole life policy at the end of the 10-year period.

Answer: C

Explanation:
A10-year level term life insurance policyhas a fixed premium and a fixed face amount (death benefit) for the entire 10-year term. The premium and death benefit remain constant, and there is no cash value or dividend accumulation, as term life is not a participating policy.
* Option A: Incorrect. Conversion to whole life is an optional rider, not automatic at the end of the term.
* Option B: Incorrect. In a level term policy, the premium does not increase during the term; it remains constant.
* Option C: Incorrect. Term life policies do not pay dividends or accumulate cash value, so the face amount does not increase.
* Option D: Correct. Both the premium and the $100,000 face amount remain constant for the 10-year term.
This question falls under the Prometric content outline section on "Life Products," which covers term life insurance characteristics.
:
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 (definitions of life insurance products).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 75
All of the following describe a whole life policy EXCEPT

• A. provides a death benefit only.
• B. a policy of $1,000 minimum.
• C. premiums are payable until death.
• D. provides coverage for the life of the policyholder.

Answer: B

Explanation:
A whole life insurance policy is a type of permanent life insurance that provides coverage for the insured's entire life, as long as premiums are paid. It typically includes a level premium, a guaranteed death benefit, and a cash value component that accumulates over time. There is no regulatory requirement in Oklahoma or standard insurance practice that mandates a minimum face amount of $1,000 for whole life policies, making this statement incorrect.
* Option A: Correct (as the exception). Whole life policies do not require a $1,000 minimum face amount; insurers set minimums based on their underwriting guidelines, often higher.
* Option B: Incorrect (describes whole life). Whole life provides lifelong coverage, as per its definition.
* Option C: Incorrect (describes whole life). Premiums are typically payable until death or age 100, depending on the policy.
* Option D: Incorrect (describes whole life). While whole life provides a death benefit, it also accumulates cash value, but the phrasing "death benefit only" is misleading as it implies no cash value, which is not the exception here.
This question aligns with the Prometric content outline under "Life Products," which covers the characteristics of whole life insurance.
:
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 (definitions of life insurance products).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 76
Which of the following is NOT a right of the life insurance policyowner?

• A. Borrow from the cash values.
• B. Assign or transfer the policy.
• C. Revoke an absolute assignment.
• D. Select and change a beneficiary.

Answer: C

Explanation:
A life insurance policyowner has several rights, including assigning or transferring the policy (e.g., through absolute or collateral assignment), borrowing against the cash value (in policies with cash value), and selecting or changing the beneficiary, as outlined in Oklahoma's Insurance Code (Title 36 O.S. § 4001 et seq.). However, anabsolute assignmenttransfers all ownership rights to the assignee, and the original policyowner cannot unilaterally revoke it without the assignee's consent, as it is a complete transfer of ownership.
* Option A: Incorrect (is a right). The policyowner can assign or transfer the policy to another party.
* Option B: Incorrect (is a right). The policyowner can borrow against the cash value in policies like whole life or universal life.
* Option C: Incorrect (is a right). The policyowner can select and change the beneficiary unless restricted (e.g., irrevocable beneficiary).
* Option D: Correct (is not a right). An absolute assignment cannot be revoked by the original policyowner without the assignee's agreement.
This question aligns with the Prometric content outline under "Provisions, Options, Exclusions, Riders, Clauses, and Rights," which covers policyowner rights and assignments.
:
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. § 4001 et seq. (life insurance policy provisions).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 77
How is ownership of a mutual insurance company evidenced?

• A. ownership of a policy
• B. bonds of the company
• C. ownership of stock
• D. certificate of deposit

Answer: A

Explanation:
Amutual insurance company, as defined in Oklahoma's Insurance Code (Title 36 O.S. § 105), is owned by its policyholders, not shareholders. Ownership is evidenced byownership of a policy, as policyholders share in the company's profits through dividends (in participating policies) and have voting rights in the company's governance.
* Option A: Incorrect. Mutual insurers do not issue stock; stock ownership applies to stock insurers.
* Option B: Incorrect. Bonds represent debt, not ownership, in any company.
* Option C: Correct. Ownership in a mutual insurer is evidenced by holding a policy.
* Option D: Incorrect. A certificate of deposit is a banking product, not related to insurer ownership.
This question aligns with the Prometric content outline under "State Insurance Statutes, Rules, and Regulations," which covers types of insurers and their ownership structures.
:
Prometric Oklahoma 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.

NEW QUESTION # 78
Which of the following is a common exclusion from coverage under a medical expense plan?

• A. Air travel in a private plane.
• B. Injury caused by repairs or renovations to one's own home.
• C. Injury due to auto accidents.
• D. Injury due to recreational sports.

Answer: A

Explanation:
Medical expense plans often include exclusions for high-risk activities or situations not typically covered under standard health insurance. A common exclusion is injuries or losses resulting fromair travel in a private plane, as this is considered a hazardous activity. Other options, like auto accidents or recreational sports, are generally covered unless specifically excluded, and home repairs are not standard exclusions.
* Option A: Correct. Air travel in a private plane is a common exclusion due to its high-risk nature.
* Option B: Incorrect. Auto accident injuries are typically covered, often coordinated with auto insurance.
* Option C: Incorrect. Recreational sports injuries are usually covered unless the policy specifies otherwise.
* Option D: Incorrect. Injuries from home repairs are not commonly excluded in medical expense plans.
This question falls under the Prometric content outline section on "Provisions, Options, Exclusions, Riders, Clauses, and Rights," which covers health insurance exclusions.
:
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 policy provisions).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 79
A whole life policy payment period is related to an annual premium in which of the following ways?

• A. The shorter the payment period, the higher the annual premium.
• B. The longer the payment period, the higher the annual premium.
• C. The payment period is not related to the annual premium.
• D. The shorter the payment period, the lower the annual premium.

Answer: A

Explanation:
In a whole life insurance policy, thepayment periodrefers to the duration over which premiums are paid (e.g., until age 100, or a limited period like 20 years). A shorter payment period (e.g., 10-pay or 20-pay whole life) requires higher annual premiums because the total cost of the policy is compressed into fewer payments, while a longer payment period (e.g., until age 100) spreads the cost, resulting in lower annual premiums.
* Option A: Incorrect. The payment period directly affects the annual premium amount.
* Option B: Incorrect. A shorter payment period increases, not decreases, the annual premium.
* Option C: Correct. A shorter payment period results in a higher annual premium due to the condensed payment schedule.
* Option D: Incorrect. A longer payment period typically lowers the annual premium, not increases it.
This question aligns with the Prometric content outline under "Life Products," which covers whole life insurance premium structures.
:
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.

NEW QUESTION # 80
An insurance producer whose license has been revoked continues to provide insurance services. Which of the following is TRUE?

• A. This violation can result in a fine of up to $10,000.
• B. This violation is a felony and can result in a fine of up to $5,000.
• C. This violation is a misdemeanor and can result in a fine of up to $500.
• D. This individual could be committed to the custody of the Department of Corrections for up to 10 years.

Answer: B

Explanation:
Under Oklahoma's Insurance Code (Title 36 O.S. § 1435.13), transacting insurance without a valid license, such as after revocation, is afelonypunishable by a fine of up to $5,000, imprisonment for up to 7 years, or both, depending on the severity and intent. This reflects the serious nature of unlicensed insurance activity.
* Option A: Incorrect. The fine limit is $5,000 for a felony, not $10,000.
* Option B: Correct. The violation is a felony with a fine up to $5,000.
* Option C: Incorrect. The violation is a felony, not a misdemeanor, with higher penalties.
* Option D: Incorrect. Imprisonment is up to 7 years, not 10 years.
:
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: State- Specific Knowledge - Oklahoma Insurance Statutes).
Oklahoma Insurance Department, Title 36 O.S. § 1435.13 (penalties for unlicensed activity).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 81
Oklahoma resident Joe served in the military the past 4 years. When he returned and tried to reinstate his individual health insurance policy, he was denied coverage. His producer stated that because he was covered under a government plan he would be required to be re-underwritten as a new applicant subject to more restrictive coverage and increased premiums. Which of the following is TRUE?

• A. Joe cannot be denied reinstatement in his prior individual health insurance policy unless the federal government denies him coverage based on health conditions unrelated to his military service.
• B. Joe is subject to being re-underwritten in terms of his current health conditions because he cannot be penalized with more restrictive coverage.
• C. Joe cannot be denied reinstatement into his same individual health insurance policy that lapsed as a result of Joe becoming covered by a government-sponsored health plan.
• D. Joe is not required to undergo the initial underwriting process but he cannot be reinstated under his personal plan unless he is free of pre-existing conditions.

Answer: C

Explanation:
Under the federalUniformed Services Employment and Reemployment Rights Act (USERRA)(38 U.S.C.
§ 4317) and Oklahoma's insurance regulations (Title 36 O.S. § 4405), military members whose individual health insurance lapsed due to active duty and coverage under a government-sponsored plan (e.g., TRICARE) are entitled toreinstatementof their prior policy without re-underwriting or new pre-existing condition exclusions, provided they apply within a specified period (typically 120 days) after leaving service. Joe cannot be denied reinstatement due to his military service coverage.
* Option A: Incorrect. Joe is not subject to re-underwriting for reinstatement post-military service.
* Option B: Incorrect. Joe does not need to be free of pre-existing conditions for reinstatement.
* Option C: Correct. Joe cannot be denied reinstatement of his lapsed policy due to government plan coverage.
* Option D: Incorrect. Federal government denial is irrelevant; USERRA protects reinstatement rights.
:
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: State- Specific Knowledge - Oklahoma Insurance Statutes).
Oklahoma Insurance Department, Title 36 O.S. § 4405 (health insurance provisions).
USERRA, 38 U.S.C. § 4317 (health plan reinstatement for military service).

NEW QUESTION # 82
Which of the following is NOT an example of inducement?

• A. A gift having a value less than $100.
• B. Giving merchandise to a client with a value of $250.
• C. A special favor in the payment of premiums.
• D. A promise of employment.

Answer: A

Explanation:
Aninducementin insurance involves offering something of value to persuade someone to purchase a policy, which is consideredrebatingand prohibited in Oklahoma unless allowed under specific exceptions (Title 36 O.
S. § 1204). Oklahoma allows gifts valued at $100 or less as non-rebating promotional items, so a gift under
$100 is not an inducement. Other actions, like promising employment, offering premium payment favors, or giving high-value merchandise, are considered inducements.
* Option A: Incorrect (is an inducement). Promising employment to secure a policy sale is rebating.
* Option B: Correct (is not an inducement). A gift valued less than $100 is permitted and not considered rebating.
* Option C: Incorrect (is an inducement). Special favors in premium payments are rebating.
* Option D: Incorrect (is an inducement). Giving merchandise worth $250 exceeds the $100 limit and is rebating.
:
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: State- Specific Knowledge - Oklahoma Insurance Statutes).
Oklahoma Insurance Department, Title 36 O.S. § 1204 (unfair trade practices, rebating).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 83
The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as

• A. twisting.
• B. rebating.
• C. subrogation.
• D. churning.

Answer: A

Explanation:
Twistingis the unethical practice of using misrepresentation or incomplete information to persuade an insured to terminate an existing policy and purchase a new one, often to the insured's detriment. It is prohibited under Oklahoma's Unfair Trade Practices Act (Title 36 O.S. § 1204). This differs fromchurning(replacing policies for commission without benefit to the insured) orrebating(offering inducements to purchase).
* Option A: Correct. Twisting involves misrepresentation to induce policy replacement.
* Option B: Incorrect. Subrogation is the insurer's right to recover payments from a third party.
* Option C: Incorrect. Rebating is offering a portion of the premium or other inducements to purchase insurance.
* Option D: Incorrect. Churning involves excessive policy replacements for commissions, not necessarily misrepresentation.
This question is part of the Prometric content outline under "State Insurance Statutes, Rules, and Regulations," which covers unfair trade practices.
:
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: State- Specific Knowledge - Oklahoma Insurance Statutes).
Oklahoma Insurance Department, Title 36 O.S. § 1204 (unfair trade practices).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 84
Disability policies MOST often pay benefits in the form of

• A. a lump sum payment based on projected income.
• B. periodic income.
• C. an annuity.
• D. a lump sum reimbursement for wages lost.

Answer: B

Explanation:
Disability income insurance policies are designed to replace a portion of the insured's income if they become disabled and unable to work. These policiesmost often pay benefits in the form of periodic income, typically monthly, to provide ongoing financial support during the disability period, as outlined in Oklahoma' s health insurance regulations (Title 36 O.S. § 4405). Lump sum payments or annuities are less common and usually associated with other types of coverage.
* Option A: Incorrect. Annuities provide retirement income, not disability benefits.
* Option B: Correct. Disability policies typically pay periodic (e.g., monthly) income.
* Option C: Incorrect. Lump sum reimbursements are rare in disability policies; periodic payments are standard.
* Option D: Incorrect. Lump sum payments based on projected income are not typical for disability insurance.
:
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.

NEW QUESTION # 85
Under a Long-Term Care policy, all of the following are Activities of Daily Living EXCEPT

• A. toileting.
• B. eating.
• C. dressing.
• D. talking.

Answer: D

Explanation:
Long-Term Care (LTC) policies cover services for individuals who need assistance withActivities of Daily Living (ADLs), which are basic self-care tasks. Oklahoma regulations (O.A.C. 365:10-5-44) and federal standards define ADLs as including dressing, eating, toileting, bathing, transferring, and continence.Talkingis not considered an ADL, as it is not a fundamental self-care activity.
* Option A: Incorrect. Dressing is an ADL.
* Option B: Correct. Talking is not an ADL.
* Option C: Incorrect. Eating is an ADL.
* Option D: Incorrect. Toileting is an ADL.
:
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section:
General Knowledge - Long-Term Care Policies).
Oklahoma Insurance Department, O.A.C. 365:10-5-44 (LTC policy standards).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 86
Every licensee must keep records pertaining to insurance transactions for how many years?

• A. 0
• B. 1
• C. 2
• D. 3

Answer: C

Explanation:
Oklahoma insurance law requires licensed insurance producers to maintain records of insurance transactions for a minimum of5 years, as specified in Title 36 O.S. § 1435.13. This ensures compliance with regulatory oversight and allows for audits or investigations by the Oklahoma Insurance Department.
* Option A: Incorrect. 3 years is insufficient per Oklahoma law.
* Option B: Correct. Licensees must keep records for 5 years.
* Option C: Incorrect. 7 years exceeds the requirement.
* Option D: Incorrect. 10 years is not mandated by Oklahoma insurance regulations.
This question falls under the Prometric content outline section on "State Insurance Statutes, Rules, and Regulations," which includes recordkeeping requirements.
:
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. § 1435.13 (producer recordkeeping).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 87
Ordinary life insurance should BEST be viewed by the consumer as

• A. temporary protection during the policyowner's income-earning years with cash values payable during non-earning periods.
• B. temporary protection for the life expectancy of the policyowner with accumulating cash values throughout the life of the policy.
• C. an endowment type of policy that provides limited payment type of life insurance based on the level of income earned.
• D. a type of policy that provides permanent protection and some flexibility for the lowest total premium outlay.

Answer: D

Explanation:
Ordinary life insurance, often synonymous with whole life insurance, is a type of permanent life insurance that provides coverage for the insured's entire life, as long as premiums are paid. It typically includes a level premium, a guaranteed death benefit, and a cash value component that grows over time. It is designed to offer permanent protection with some flexibility, such as the ability to borrow against the cash value or adjust premiums in certain policies (e.g., universal life).
* Option A: Incorrect. This describes term life insurance, which provides temporary protection during income-earning years. Ordinary life insurance is permanent, and cash values are not specifically
"payable" during non-earning periods but can be accessed.
* Option B: Incorrect. Ordinary life is not an endowment policy (which matures at a specific age) or tied directly to income levels. It is a whole life policy with level premiums.
* Option C: Correct. Ordinary life insurance provides permanent protection and some flexibility (e.g., cash value loans, dividend options in participating policies) with premiums that are generally lower than other permanent products like limited-pay whole life.
* Option D: Incorrect. Ordinary life is not temporary; it provides lifelong coverage. While it accumulates cash value, the protection is permanent, not limited to the policyowner's life expectancy.
This question is part of the Prometric content outline under "Life Products," focusing on the characteristics of ordinary (whole) life insurance.
:
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 (definitions of life insurance products).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 88
The type of annuity in which all payments cease upon the death of an annuitant is referred to as a

• A. terminal annuity.
• B. life annuity.
• C. refund annuity.
• D. finite annuity.

Answer: B

Explanation:
Alife annuity(or straight life annuity) pays periodic payments to the annuitant until their death, at which point all payments cease, with no further benefits to beneficiaries. This contrasts with other annuity types, such as refund or joint-life annuities, which may continue payments or provide refunds.
* Option A: Incorrect. "Terminal annuity" is not a standard insurance term.
* Option B: Incorrect. "Finite annuity" is not a recognized annuity type.
* Option C: Incorrect. A refund annuity provides a refund or continued payments to a beneficiary if the annuitant dies early.
* Option D: Correct. A life annuity ceases payments upon the annuitant's death.
This question falls under the Prometric content outline section on "Life Products," which covers annuities and their features.
:
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 (definitions of life insurance products, including annuities).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 89
A common disaster provision states that if the beneficiary dies from the same accident as the insured individual, the insurer will proceed as if the

• A. insured individual outlived the beneficiary.
• B. beneficiary was never named on the policy.
• C. beneficiary and the insured individual died simultaneously.
• D. beneficiary outlived the insured individual.

Answer: D

Explanation:
Thecommon disaster provisionin a life insurance policy addresses situations where the insured and primary beneficiary die in the same accident. It typically includes a survivorship clause, presuming thebeneficiary outlived the insuredfor a specified period (e.g., 14-30 days) unless proven otherwise. This ensures the death benefit passes to the beneficiary's estate or contingent beneficiaries, as outlined in Oklahoma's life insurance provisions (Title 36 O.S. § 4001 et seq.).
* Option A: Incorrect. The provision does not assume the insured outlived the beneficiary.
* Option B: Correct. The insurer proceeds as if the beneficiary outlived the insured.
* Option C: Incorrect. Simultaneous death is addressed differently under the Uniform Simultaneous Death Act, not the common disaster provision.
* Option D: Incorrect. The provision does not treat the beneficiary as unnamed.
:
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. § 4001 et seq. (beneficiary provisions).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 90
In addition to the actual policy, an entire contract includes which of the following?

• A. The application.
• B. Credit report.
• C. Clauses.
• D. Provisions.

Answer: A

Explanation:
Theentire contract provision, mandated in Oklahoma for life and health insurance (Title 36 O.S. § 4001 for life, § 4405 for health), specifies that theentire contractconsists of the policy, any attached endorsements or riders, and a copy of theapplicationif endorsed upon or attached to the policy at issuance. This ensures no external documents can alter the agreement unless included. Clauses and provisions are part of the policy itself, while credit reports are used in underwriting but not part of the contract.
* Option A: Incorrect. Clauses are components of the policy, not a separate item added to the entire contract.
* Option B: Incorrect. Credit reports are underwriting tools, not part of the contract.
* Option C: Incorrect. Provisions are part of the policy, not a distinct addition.
* Option D: Correct. The application, when attached, is part of the entire contract.
:
Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section:
General Knowledge - Life and Health Insurance Provisions).
Oklahoma Insurance Department, Title 36 O.S. § 4001, § 4405 (entire contract provision).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

NEW QUESTION # 91
Accidental death covers death from

• A. self-inflicted wounds.
• B. terminal illness.
• C. infections.
• D. drowning.

Answer: D

Explanation:
Accidental death insurance(or accidental death and dismemberment, AD&D) covers death resulting from accidental bodily injury, independent of illness or intentional acts.Drowningis an example of an accidental cause of death typically covered under such policies. Exclusions often include death from illness, infections, or self-inflicted injuries, as outlined in standard policy provisions.
* Option A: Incorrect. Terminal illness is a natural cause, not covered by accidental death insurance.
* Option B: Correct. Drowning is an accidental cause of death, covered by AD&D policies.
* Option C: Incorrect. Infections are typically excluded as they are not accidental injuries.
* Option D: Incorrect. Self-inflicted wounds are intentional and excluded from coverage.
This question falls under the Prometric content outline section on "Provisions, Options, Exclusions, Riders, Clauses, and Rights," which covers accidental death coverage.
:
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. § 4001 et seq. (policy provisions).
Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing.

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