Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam : Oklahoma Life, Accident, and Health or Sickness Producer Exam

  • Exam Code: Ok-Life-Accident-and-Health-or-Sickness-Producer
  • Exam Name: Oklahoma Life, Accident, and Health or Sickness Producer Exam
  • Updated: Aug 16, 2026
  • Q & A: 157 Questions and Answers

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Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Syllabus Topics:

SectionObjectives
Life Insurance Concepts- Types of life insurance policies
- Policy provisions, riders, and options
- Beneficiaries and settlements
State Insurance Regulations (Oklahoma)- Producer licensing requirements and conduct
- Oklahoma Insurance Code and regulations
- Unfair trade practices and ethics
Accident and Health Insurance- Medical expense coverage concepts
- Disability income insurance
- Health insurance policy types
Annuities- Fixed and variable annuities
- Annuity payout options
General Insurance Principles- Risk management and insurance concepts
- Insurable interest and underwriting basics

Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:

1. How many days does the insured have to notify the insurer to add a newly-born child to continue coverage?

A) 14 days.
B) 30 days.
C) 31 days.
D) 21 days.


2. Which of the following is NOT an example of inducement?

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


3. An insurance producer who knowingly and willfully makes a fraudulent statement relating to an application for insurance is subject to all of the following EXCEPT

A) censure.
B) revocation.
C) suspension.
D) discrimination.


4. A fraternal benefit society is characterized by all of the following EXCEPT

A) conducted solely for the benefit of its members.
B) for profit.
C) without capital stock.
D) incorporated.


5. Loans may generally be obtained against the proceeds of a personal life insurance policy, and policy loan proceeds

A) are not treated as taxable income.
B) are subject to Federal estate tax.
C) generate nontaxable interest income.
D) accelerate the benefits under the policy.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: A
Question # 3
Answer: D
Question # 4
Answer: B
Question # 5
Answer: A

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