Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer : 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: Sep 12, 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
General Insurance Principles- Risk management and insurance concepts
- Insurable interest and underwriting basics
Life Insurance Concepts- Beneficiaries and settlements
- Types of life insurance policies
- Policy provisions, riders, and options
Annuities- Annuity payout options
- Fixed and variable annuities
State Insurance Regulations (Oklahoma)- Oklahoma Insurance Code and regulations
- Producer licensing requirements and conduct
- Unfair trade practices and ethics
Accident and Health Insurance- Health insurance policy types
- Disability income insurance
- Medical expense coverage concepts

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

Question #1

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

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

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Question #2

An insured receives a notice from the insurer that the policy has been cancelled in the middle of the term.
Which of the following policies did the insured MOST likely have?

  • A. Optionally renewable.
  • B. Conditionally renewable.
  • C. Cancelable.
  • D. Term.
Answer: C

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Question #3

Term life insurance differs from permanent life insurance in that MOST often, term life insurance

  • A. accumulates a much smaller cash value.
  • B. remains in force for a specific period of time.
  • C. has a longer premium payment period.
  • D. is automatically renewable at the end of the term period.
Answer: B

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Question #4

Transacting insurance includes any of the following EXCEPT

  • A. delivering insurance contracts.
  • B. preliminary negotiations.
  • C. selling insurance.
  • D. gathering prospective buyer information.
Answer: D

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Question #5

In addition to the actual policy, an entire contract includes which of the following?

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

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