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Life Insurance Producer License (OK)

First published: September 2, 2026Last verified: September 2, 2026Reviewed by the CertQuestUSA team
TL;DR

Life Insurance Producer License (OK): a 27-question practice bank for the real Professional Licensing (Real Estate & Insurance) standard, 3 full papers of 27 questions each with no repeats, every question citing the real regulation it comes from.

Where these questions come from

Every question in this bank cites a real source -- primarily 36 O.S. (100%) of this exam's citations.

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3
full papers, no repeats
27
questions per paper
27
questions in the bank
What this exam covers
5 real sample questions
Under 36 O.S. § 4003, what is the minimum grace period Oklahoma requires in an individual life insurance policy with monthly premiums?
A. No grace period is required for monthly-premium policies
B. 7 days
C. One month, but not less than 30 days
D. 6 months
Source: 36 O.S. § 4003
During the statutory grace period on a life insurance policy, if the insured dies before the overdue premium is paid, what happens under 36 O.S. § 4003?
A. The claim is automatically denied because the policy lapsed
B. The beneficiary forfeits the entire death benefit and receives nothing
C. The policy is reinstated only after a new medical exam is completed posthumously
D. The policy remains in force for the death claim, and the insurer may deduct the overdue premium from the proceeds
Source: 36 O.S. § 4003
An insured dies by suicide 14 months after their Oklahoma life insurance policy was issued. Under the standard suicide provision required by 36 O.S. § 4024, what is the insurer's obligation?
A. Pay the full face amount, since suicide is never excluded in Oklahoma
B. Return the amount of all premiums paid, since the death occurred within two years of policy issue
C. Deny the claim entirely and refund nothing
D. Pay half of the face amount as a compromise
Source: 36 O.S. § 4024
An insured dies by suicide 30 months after their Oklahoma life insurance policy was issued, after the two-year contestability window for suicide has passed. Under the standard policy provision, what does the insurer typically owe?
A. Nothing, since suicide is permanently excluded regardless of when it occurs
B. The full face amount of the policy, since the death occurred after the two-year suicide exclusion period
C. Only a refund of premiums, exactly as if death occurred within the first two years
D. The cash value only, never the face amount
Source: 36 O.S. § 4024
Oklahoma's incontestability provision under 36 O.S. § 4004 limits an insurer's ability to contest a life insurance policy based on misstatements in the application. What is the general effect of this provision?
A. The insurer may contest the policy for any misstatement at any time, without limit
B. The insurer may never pay a death claim if any application answer was inaccurate, even decades later
C. Incontestability applies only to group life policies, never individual policies
D. After the policy has been in force during the insured's lifetime for a specified period (typically two years), the insurer generally cannot contest it based on application misstatements, apart from statutory exceptions such as fraud
Source: 36 O.S. § 4004
Same exam, other states
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Real-world data for this exam
Insurance Sales Agents: real median wage (OK)May 2025$47,920/yr

Frequently asked questions

How many questions are on the CertQuestUSA Life Insurance Producer License (OK) practice test?
27 questions total, split into 3 full papers of 27 each with no repeats across papers.
What topics does the Life Insurance Producer License (OK) test cover?
13 domains, with the heaviest weight on Ethics & Fair Practices (15%), Replacement of Life Insurance (15%), and Licensing Requirements (11%).
Where do CertQuestUSA's Life Insurance Producer License (OK) questions come from?
Primarily 36 O.S. (100%) of this bank's citations -- computed directly from this exam's own question sources, not a generic description.
Is there a free diagnostic for Life Insurance Producer License (OK)?
Yes -- 10 real questions across the exam's domains, no sign-up required, with a domain-by-domain breakdown at the end.
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