Free Insurance Regulation Practice Questions
Oklahoma Accident & Health exam — 167 practice questions.
Subtopics: Commissioner, Line of authority, Unfair trade practices, Guaranty association summary, Guaranty association, Fiduciary duty, License discipline, Rebating, Insurance code, Nonresident licensing, Continuing education, Advertising, Fraud, Examinations, Commissioner term, Commissioner term limit, Commissioner qualifications, Commissioner conflicts, Annual report, Rulemaking, Financial examinations, Examination reports, Anti-Fraud Unit, Fraud reporting immunity, Prohibited persons, Prohibited persons penalty, Emergency cease and desist, Business of insurance, Insurer domicile, Mutual insurers, Stock insurers, Fraternal benefit societies, Transacting insurance, Certificate of authority, License required, License exemptions, Producer definition, Negotiate defined, Producer qualifications, Exam to application, Business entity license, License reinstatement, Late renewal penalty, Military waiver, Change of address, Change of e-mail, Moving to Oklahoma, Moving away, Temporary license, Disciplinary grounds, Civil fines, Denial hearing, Record keeping, Producer examinations, Surrendered licenses, Sharing commissions, Renewal commissions, Appointment, Termination of appointment, Controlled business, License term, Acting while suspended, Unlicensed activity, Inducements, Rebating exceptions, Unfair discrimination, Boycott and coercion, False financial statements, Fraudulent application, Premium notes, Financial institution names, Cease and desist, Cease and desist penalty, Undefined unfair practices, Department inquiries, Claimant communications, Unfair claims practices, Unfair claims penalty, Complaint records, Proof of loss, Proof of loss forms, Fraud warning, Electronic delivery, Minors, Federal insurance fraud, Fair Credit Reporting Act, Privacy, Credit information, Reporting criminal prosecutions, Reporting administrative actions, A&H line of authority, HMO producers, MEWAs, Guaranty association limits, Guaranty association exclusions, Fraud and false statements, Privacy GLBA, Affordable Care Act, Do Not Call, McCarran-Ferguson Act, HIPAA administrative simplification, Mental Health Parity, Newborns and Mothers Health Protection, Women's Health and Cancer Rights Act, Claims practices, Producer licensing, Insurance fraud, HIPAA privacy, Genetic information, Medicare marketing, Guaranty associations, Regulatory structure, GLBA privacy, Telemarketing
Read the Insurance Regulation study guide
Sample questions & answers
1. The state official who heads the Oklahoma Insurance Department and is chosen by voters is the:
Commissioner of Insurance
Okla. Const. art. VI, sec. 23 makes the Insurance Commissioner the elected chief officer of the Insurance Department, serving a four-year term.
2. An Oklahoma resident who wants to sell health insurance must hold a producer license in which line of authority?
Accident and health or sickness
36 O.S. 1435.8(A)(2) defines the accident and health or sickness line as coverage for sickness, bodily injury or accidental death, which may include disability income.
3. Which of the following acts by an Oklahoma health producer would the Commissioner most likely treat as an unfair trade practice?
Misrepresenting a health policy's benefits
36 O.S. 1204(1) makes misrepresenting the terms, benefits or advantages of a policy an unfair and deceptive act; explaining exclusions and making suitable recommendations are proper conduct.
4. An insurer delivering a health policy covered by Oklahoma's Life and Health Insurance Guaranty Association must give the policyholder the Association's summary document:
Before or at the time of policy delivery
36 O.S. 2043(B) bars delivery of a covered policy unless the Association's approved summary document is delivered prior to or at the time of delivery of the policy.
Practice: Insurance Regulation
Answer choices are shuffled every time, and every question comes with an explanation.
Practice questions are study aids generated for exam preparation and are not actual exam questions. Content is provided for educational purposes and is not legal advice. Verify current statutes, rules, and exam specifications with the Insurance Department and the exam administrator before relying on it.
