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| Section | Weight | Objectives |
|---|---|---|
| Oklahoma Insurance Regulations | 20-25% | - Oklahoma Insurance Code requirements - Unfair trade practices prohibitions - Consumer protection regulations - Market conduct regulations - Licensing requirements and procedures |
| Insurance Marketing and Sales | 10-15% | - Replacement regulations - Suitable product recommendations - Recordkeeping requirements - Sales practices and disclosures |
| Health Insurance Fundamentals | 20-25% | - Health maintenance organizations (HMOs) - Disability income insurance - Preferred provider organizations (PPOs) - Major medical insurance - Dental and vision coverage |
| Ethics and Professional Conduct | 10-15% | - Fiduciary responsibilities - Disclosure requirements - Antifraud regulations - Handling customer complaints |
| Life Insurance Basics | 15-20% | - Types of life insurance policies - Policy provisions and riders - Cash value and loan provisions - Beneficiary designations |
| Accident and Sickness Insurance | 15-20% | - Critical illness insurance - Hospital indemnity insurance - Accident-only policies - Sickness-related coverage |
How many employees are REQUIRED before an employer is subject to COBRA?
Correct Answer: A 🗳️
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What is the main reason a Medicare supplement policy is purchased?
Correct Answer: C 🗳️
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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
Correct Answer: C 🗳️
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An insurance producer sells fake policies and gambles the premium payments at a casino. Which entity would not be involved in the investigation?
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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?
Correct Answer: A 🗳️
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