Free Disability Income Insurance Practice Questions
Oklahoma Life, Accident & Health exam — 35 practice questions.
Subtopics: Notice of continuing disability, Relation of earnings, Purpose, Elimination period, Benefit period, Definition of disability, Residual disability, Probationary period, Presumptive disability, Recurrent disability, Any occupation, Business overhead expense, Disability buy-out, Cost of living adjustment, Social insurance supplement, Nonoccupational coverage, Waiver of premium, Future increase option, Disability benefit, Benefit amount, Total disability, Partial disability, Group disability, Social Security disability, Key employee DI, Occupational coverage
Read the Disability Income Insurance study guide
Sample questions & answers
1. Under an Oklahoma disability policy that may pay loss-of-time benefits for at least two years, the insurer may require notice that the disability continues at least once every:
Six months
36 O.S. 4405(A)(5)(b) lets such a policy require notice of continuance of disability at least once every six months after notice of claim, except in the event of legal incapacity.
2. Under Oklahoma's relation of earnings to insurance provision, total monthly disability benefits from all coverage may not be reduced below the lesser of the specified benefits or:
$200
36 O.S. 4405(B)(6) prevents the provision from reducing total monthly benefits under all coverage below $200 or the sum of the specified monthly benefits, whichever is less.
3. Disability income insurance is designed to replace:
A portion of earned income lost when disability prevents work
Disability income pays periodic benefits to replace part of the earnings lost during a covered disability.
4. The waiting period between the onset of a disability and the start of benefit payments is the:
Elimination period
The elimination (waiting) period is a form of time deductible before disability benefits begin.
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Practice: Disability Income Insurance
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.
