NEW QUESTION 50
From an insured’s perspective, what is the PRIMARY and MOST attractive feature of a viatical settlement?

NEW QUESTION 51
What is the purpose of the coordination of benefits provision in group health care?

NEW QUESTION 52
An insured individual who just turned 67 years old is still working and is a member of the group health insurance plan provided by his employer, which has 18 insured employees. In this case, Medicare will MOST likely

NEW QUESTION 53
A common disaster provision states that if the beneficiary dies from the same accident as the insured individual, the insurer will proceed as if the

NEW QUESTION 54
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?

NEW QUESTION 55
When would a supplemental attending physician’s statement be appropriate for life or health insurance purposes?

NEW QUESTION 56
What is the term used when exchanging a new policy for one already in force?

NEW QUESTION 57
In a term life insurance policy, premiums may be increased at the renewal of the policy. Prior to renewal, the premiums would be considered

NEW QUESTION 58
Accidental death covers death from

NEW QUESTION 59
Failure of an insurance producer to complete the continuing education requirements may result in

NEW QUESTION 60
Which of the following is NOT a requirement to become a resident producer or adjuster in Oklahoma?

NEW QUESTION 61
According to the IRS, which premiums may be tax deductible as a medical expense if the taxpayer’s medical expenses exceed 10% of their adjusted gross income?

NEW QUESTION 62
To apply for a life or health insurance policy,

NEW QUESTION 63
Any person entitled to reimbursement for expenses of health care services and procedures under an Accident and Health Insurance Policy issued by an insurer is

NEW QUESTION 64
How long is the contestable period for a life insurance policy?

NEW QUESTION 65
The Oklahoma Insurance Commissioner is REQUIRED to examine domestic insurers’ financial condition at LEAST every

NEW QUESTION 66
A license is NOT required when you are

NEW QUESTION 67
In addition to the actual policy, an entire contract includes which of the following?

NEW QUESTION 68
How will covered expenses be paid if an insured has a scheduled dental policy?

NEW QUESTION 69
Which of the following is a core benefit of Medicare supplemental insurance?

NEW QUESTION 70
The change of beneficiary provision states that the insured has the right to change the beneficiary unless the beneficiary is