Free Oklahoma Life Accident Health Practice Test Online

Correct answer: A. Life, Accident and Health or Sickness

Correct. The Oklahoma Insurance Department lists Life, Accident and Health or Sickness as a combined line of authority covering both life insurance and health-related products under a single license.

• B: Variable products require a separate additional line of authority beyond standard life and health, not a substitute for it.
• C: Personal Lines is a scope-limited property and casualty license for auto and homeowners; it has no connection to life or health products.
• D: Property and Casualty covers homeowners, auto, and liability products, not life or health insurance.

Correct answer: B. 2 hours

Correct. Oklahoma's 24-hour biennial CE requirement for resident producers includes 3 hours of ethics and 2 hours of legislative update, with the remainder as producer general credit.

• A: Legislative update is a distinct, mandatory component of Oklahoma's CE requirement, not an optional or nonexistent category.
• C: 10 hours overstates the legislative update component of the requirement.
• D: The legislative update requirement is only 2 of the 24 total hours, not the entire requirement.

Correct answer: C. Passing the required state licensing exam and submitting an application through the online licensing system

Correct. An applicant must pass the required licensing exam and submit an application through the state's online licensing system before a license can be issued.

• A: Oklahoma does not require a formal apprenticeship period before initial licensure.
• B: Oklahoma does not mandate a specific 40-hour classroom course; pre-licensing education hours are not fixed by the state.
• D: No college degree is required to become a licensed Oklahoma insurance producer.

Correct answer: D. 30 days

Correct. Oklahoma's statutory grace period provision, 36 O.S. § 4003, requires life insurers to allow the policyholder at least 30 days from the due date to pay an overdue premium before the policy lapses, during which the policy stays in force.

• A: Immediate lapse without any grace period would violate the mandatory grace period provision built into Oklahoma life policy law.
• B: 7 days is shorter than the statutory minimum grace period for individual life policies.
• C: 10 days also falls short of the required minimum grace period.

Correct answer: A. The insurer generally cannot contest the claim based on the misstatement, because the statutory contestability period has expired

Correct. Under 36 O.S. § 4004, once the incontestability period (typically two years) has run, the insurer generally cannot deny a claim based on misstatements in the application, absent fraud exceptions recognized under the statute.

• B: Life insurance policies in Oklahoma are required to contain an incontestability clause, not the absence of one.
• C: The 90-day figure does not reflect Oklahoma's standard incontestability period, which runs for a longer statutory duration.
• D: This describes a policy with no time limit on contestability, which is not how the standard incontestability provision works.