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Last Updated: Aug 20, 2026
No. of Questions: 157 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| Accident and Sickness Insurance | 15-20% | - Accident-only policies - Sickness-related coverage - Hospital indemnity insurance - Critical illness insurance |
| Ethics and Professional Conduct | 10-15% | - Antifraud regulations - Fiduciary responsibilities - Handling customer complaints - Disclosure requirements |
| Life Insurance Basics | 15-20% | - Beneficiary designations - Policy provisions and riders - Cash value and loan provisions - Types of life insurance policies |
| Health Insurance Fundamentals | 20-25% | - Disability income insurance - Preferred provider organizations (PPOs) - Dental and vision coverage - Major medical insurance - Health maintenance organizations (HMOs) |
| Oklahoma Insurance Regulations | 20-25% | - Licensing requirements and procedures - Consumer protection regulations - Oklahoma Insurance Code requirements - Market conduct regulations - Unfair trade practices prohibitions |
| Insurance Marketing and Sales | 10-15% | - Sales practices and disclosures - Recordkeeping requirements - Replacement regulations - Suitable product recommendations |
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
A) having been convicted of a misdemeanor.
B) providing incorrect, misleading, or materially untrue information in the license application.
C) having admitted to have committed fraud.
D) failing to pay state taxes.
2. A single contract for group medical insurance issued to an employer is known as
A) a master policy.
B) a conglomerate policy.
C) an employer policy.
D) a certificate policy.
3. 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) policy summary.
C) entire contract.
D) certificate.
4. What is the main reason a Medicare supplement policy is purchased?
A) to fill the gaps not covered by Medicare Parts A and B
B) to cover prescription drugs filled at the pharmacy
C) to cover long-term care services
D) to cover dental services
5. When can an insurer cancel a Medicare supplement plan?
A) At the enrollment period.
B) After nonpayment.
C) At any time.
D) On a date specified in the policy.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: B |
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