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Insurance Licensing Oklahoma Life, Accident, and Health or Sickness Producer Sample Questions:
1. A newly hired employee gives his enrollment form to his employer, but due to an administrative error, it is never forwarded to the insurance company. The error is detected 3 months later. What will happen if the clerical error provision is in effect?
A) The employee will have to wait until the next open enrollment period to enroll in the plan.
B) The employee will be allowed to submit a new enrollment form and will be enrolled as of the date the new form is accepted.
C) The employee will be allowed to submit an enrollment form and all past due premiums, and will be retroactively insured.
D) The employer will be required to pay the past due premiums.
2. To be eligible for a small group health insurance plan, a company may NOT have more than how many employees?
A) 50
B) 10
C) 40
D) 2
3. A person whose life is insured under a group insurance policy has the right to designate a beneficiary and the right to
A) cash in the surrender value.
B) have an individual policy issued in the case of termination of employment.
C) convert the premiums to a different policy.
D) remain as an insured in the case of termination of employment.
4. The provision that the policy and a copy of an application is endorsed upon or attached to the policy when issued is the
A) application.
B) certificate.
C) policy summary.
D) entire contract.
5. 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) universal life policy.
C) variable life policy.
D) joint life policy.
Solutions:
Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |