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Final Exam Questions and Answers - Oklahoma life & health
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Final Exam Questions and Answers - Oklahoma life & health
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Final Exam Questions and Answers - Oklahoma life & healthannual mammogram screening for women ___ and older must be covered under group and individual health insurance plans in Oklahoma Answer- 40
The producers license must be renewed every ____ years Answer- 2
If an individual would like to enroll in Medicare or see public information about Medicare which federal agency handles this Answer- Social security administration
A comprehensive group policy also covers expenses related to vision care. Which of the
following is not typically covered under a vision plan Answer- Cataract surgery
An example of an unfair claims settlement practices Answer- Misrepresenting policy provision affecting a loss
An applicant for health insurance deliberately lies in order to obtain a lower premium rate this is an example of Answer- fraud
Which of these annuity contract features is meant to discourage withdrawals and exchanges Answer- Surrender charges
Which statement regarding whole life insurance is accurate Answer- Insurance coverage can continue for life
How would preventative care be encouraged in a dental plan Answer- No deductible on routine examinations
What type of life insurance policy covers two or more persons and pays the face amount upon the death of the first insured Answer- Joint Life
Which of the following long-term care benefits would not encourage home health insurance Answer- Custodial facility care
A licensed producer is prohibited from giving a gift of more than ___ in value to a client as inducement to purchase insurance Answer- $100 In the event of unemployment termination a person covered by a group life policy also has the right to convert such coverage to an individual policy within ___ days without providing insurability Answer- 31 days
A policy owner has a life insurance policy where she had listed her age on the application is five years younger than her actual age if she dies in the insurer discovers the miss statement of age how will the insurance company pay Answer- Less than the face amount
Which life insurance policy provision prohibits a beneficiary from communicating incorporating withdrawing or assigning any portion of the proceeds prior to actual receipt from the company Answer- Spendthrift clause
Typically states will permit the grouping of two or more small employers in the same industry for obtaining group health insurance at a favorable rate. This grouping of employers is known as a multiple Answer- Trust
Who may terminate coverage under a cancelable health insurance policy Answer- insurer or insured
If a new policy is replacing an existing one the insured is given the right to return for a full refund of at least ____ days after policy delivery Answer- 20
_____ is the authority given to a producer to sell solicit and negotiate policies on behalf of the insurer Answer- Appointment
And insured files for an accident and health insurance policy claim eight days after the premium due date the benefit payable is $500 in the overdue premium is $200 assuming that the policy pays on the first seller basis and contains the unpaid premium provision how much will the insurer pay Answer- $300
A foreign insurance company doing business in Oklahoma Answer- Is a company domiciled under the laws of another state
Which of the following is a nonprofit entity operating under lodge system Answer- Fraternal
Charging different rates between individuals of the same class and equal expect Tatian of life is best described as Answer- Discrimination
Which of these is not an underwriting responsibility of a life insurance agent Answer- Determining the final rate classification
Before emailing a client and insurance document during a transaction what was the client provided before the producer can send the document Answer- Consent to receive the email
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