Oklahoma insurance exam - Study guides, Class notes & Summaries

Oklahoma Insurance Exam (State Regulations) Questions With Solutions Actuary a mathematician employed by the insurer who develops the rates for the insurer. Underwriter (Home Office Underwriter) and employee of the insurer What three things do Underwriters do? Gathers information analyses exposures (determines risk) selects risk for the insurer

Oklahoma insurance life Exam Questions And Correct Answers

Which of the following statements about WC is correct? - correct answerWC is an exclusive remedy. According to the Jones Act, if a seaman is negligent in a claim against the employer, which of the following is correct: - correct answerviolation of posted safety standards can affect the outcome of the claim. The Sooners insurance company has written WC policies for several employers in OK. Tim's employer, Tiny Trinkets, has submitted a claim on Tim's behalf for a leg injury he sustained i...

Life Insurance - ANSWERSTransfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance - ANSWERStransfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured person. Risk - ANSWERSChance of loss: only pure risk is insurable. Loss - ANSWERSUnplanned reduction in economic value. hazard - ANSWERSa condition that increases the chance of a peril/setback/danger. Risk Transfer - ANSWE...

Actuary a mathematician employed by the insurer who develops the rates for the insurer. Underwriter (Home Office Underwriter) and employee of the insurer What three things do Underwriters do? Gathers information analyses exposures (determines risk) selects risk for the insurer underwriting the process of selecting risks Producer (agent) (field underwriter) (agent underwriter) a person licensed to solicit, negotiate, sell, or service (practice) insurance on beha...

Oklahoma Insurance Exam Questions and Answers

Oklahoma Insurance Exam Question With Verified Answers. Life Insurance - answerTransfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance - answertransfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured person. Risk - answerChance of loss: only pure risk is insurable. Loss - answerUnplanned reduction in economic value. hazard - answera condition that increases the chance of a...

Oklahoma Insurance Exam (State Regulations) Exam Questions With Verified Answers. Actuary - answera mathematician employed by the insurer who develops the rates for the insurer. Underwriter - answer(Home Office Underwriter) and employee of the insurer What three things do Underwriters do? - answerGathers information analyses exposures (determines risk) selects risk for the insurer underwriting - answerthe process of selecting risks Producer (agent) - answer(field underwriter) (agent un...

Life Insurance - ANSWER-Transfers to a life insurance company the risk of financial loss to an insurance company. Health Insurance - ANSWER-transfers to a health insurance policy the risk of financial loss resulting from illness, injury, disability of an insured person. Risk - ANSWER-Chance of loss: only pure risk is insurable. Loss - ANSWER-Unplanned reduction in economic value. hazard - ANSWER-a condition that increases the chance of a peril/setback/danger. Risk Transfer - ANSWE...

Oklahoma Life & Health Insurance Exam Questions and Answers Latest (2024 / 2025) (Verified Answers)