Free Insurance Licensing Ok-Life-Accident-and-Health-or-Sickness-Producer Exam Dumps Questions & Answers

Both husband and wife have group health insurance through their employers. Each spouse is covered under both policies. Under the coordination of benefits provision, how will the benefits be paid if the wife incurs a
$400 covered loss?

• A.Only the wife's insurer will pay expenses toward the loss.
• B.Only the primary insurer will pay expenses toward the loss under the limits of the plan.
• C.The primary insurer will pay as much of the claim as the policy permits, then the secondary insurer will pay the remainder of the claim as its policy permits.
• D.The husband's insurer will pay as much of the claim as the policy permits, then the wife's insurer will pay the remainder.

The Oklahoma Insurance Commissioner is elected to office and has all of the following powers and duties EXCEPT

• A.responsibilities to adopt reasonable rules and regulations.
• B.jurisdiction over complaints against anyone engaged in the insurance business in Oklahoma.
• C.authority to conduct hearings.
• D.enact legislation dealing with insurance.

A deliberate lie by an insured to the insurer to obtain a lower premium is an example of

• A.concealment.
• B.aleatory.
• C.fraud.
• D.omission.

As a form of level premium permanent insurance, ordinary life insurance accumulates a reserve that eventually

• A.requires mandatory cash value distributions.
• B.results in a dividend payment to the policyowner.
• C.ceases to earn interest or grow in a positive earnings direction.
• D.equals the face amount of the policy.

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

• A.act as a secondary insurer and pay claims not completely covered by the group health insurance.
• B.not cover any claims to protect against overinsurance.
• C.require the individual to cancel his group insurance.
• D.act as the primary insurer and pay claims up to the limit of the policy.