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Life and Health Insurance Producer Exam

Conduct (OK): practice questions

Our Life & Health Insurance bank has 6 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Oklahoma

May an Oklahoma producer mention the Oklahoma Life and Health Insurance Guaranty Association to persuade a client to buy a policy?

  1. Only if the Commissioner has approved the sales script in advance
  2. Yes, but only when selling annuities issued by a domestic insurer
  3. No; using its existence to sell or solicit coverage is prohibited
  4. Yes, as long as the producer also states the dollar limits of its coverage
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C. No; using its existence to sell or solicit coverage is prohibited — 36 O.S. 2043(A).

Question 2 · Oklahoma

Under Oklahoma rules, how may a producer be paid for selling Medicare Advantage plans?

  1. A commission per sale, but not tiered or based on a sales threshold
  2. Only a flat salary, since per-sale commissions are prohibited
  3. Any method the insurer chooses, as long as it is disclosed
  4. A bonus once the producer passes a set number of enrollments each year
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A. A commission per sale, but not tiered or based on a sales threshold — OAC 365:25-3-18(2)-(3).

Question 3 · Oklahoma

How does Oklahoma's insurance rule define twisting?

  1. Charging individuals of the same class and life expectancy different rates for the same policy
  2. Persuading a policyholder to drop a permanent policy and replace it to the policyholder's detriment
  3. Requiring a borrower to buy insurance through a particular agent as a condition of a loan
  4. Placing coverage with an unauthorized insurer when licensed insurers would write it
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B. Persuading a policyholder to drop a permanent policy and replace it to the policyholder's detriment — OAC 365:25-3-9(b)(1)(A).

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