Question 1

The Oklahoma Insurance Commissioner may place on probation, censure, suspend, revoke, or refuse to issue a license to an applicant for all of the following causes EXCEPT

Options :

A : having admitted to have committed fraud.

B : providing incorrect, misleading, or materially untrue information in the license application.

C : having been convicted of a misdemeanor.

D : failing to pay state taxes.

Answer: C

Question 2

Employees covered by an employer health plan are issued an insurance

Options :

A : policy.

B : contract.

C : covenant.

D : certificate.

Answer: D

Question 3

How long is the contestable period for a life insurance policy?

Options :

A : 6 months

B : 12 months

C : 24 months

D : 36 months

Answer: C

Question 4

All documents required under law in an insurance transaction may be stored, delivered, or presented by electronic means so long as it meets the requirements of the

Options :

A : Uniform Commercial Code.

B : Uniform Electronic Transaction Act.

C : Oklahoma Insurance Commissioner.

D : National Association of Insurance Commissioners.

Answer: B

Question 5

An alien insurer is which one of the following?

Options :

A : One formed under the laws of Oklahoma.

B : One formed under the laws of a state other than Oklahoma.

C : One formed under the laws of a country other than the United States of America.

D : One formed under the laws of a state geographically bordering Oklahoma.

Answer: C

Free Life-and-Accident-Health-Sickness-Producer Mock Exam – Practice Online Confidently

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