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Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
1. Spouses want to purchase a life insurance policy that will pay benefits at the death of the first spouse. This is an example of a
A) survivorship life policy.
B) variable life policy.
C) universal life policy.
D) joint life policy.
2. Mortgage redemption or cancellation insurance is a form of what type of insurance?
A) Level premium universal life.
B) Increasing term.
C) Level premium whole life.
D) Decreasing term.
3. In a term life insurance policy, premiums may be increased at the renewal of the policy. Prior to renewal, the premiums would be considered
A) adjustable.
B) level.
C) variable.
D) convertible.
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) an insurer.
B) a Preferred Provider Organization.
C) a practitioner.
D) an insured.
5. Which of the following is NOT an example of inducement?
A) A special favor in the payment of premiums.
B) A gift having a value less than $100.
C) A promise of employment.
D) Giving merchandise to a client with a value of $250.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: B |





