Smartly Prepare Exam with Free Online Life-and-Accident-Health-Sickness-Producer Practice Test

We offer the latest Life-and-Accident-Health-Sickness-Producer practice test designed for free and effective online Life and Accident and Health or Sickness Producer - Combo (2030) certification preparation. It's a simulation of the real Life-and-Accident-Health-Sickness-Producer exam experience, built to help you understand the structure, complexity, and topics you'll face on exam day.

Question 1

Which of the following is NOT a right of the life insurance policyowner?

Options :

A : Assign or transfer the policy.

B : Borrow from the cash values.

C : Select and change a beneficiary.

D : Revoke an absolute assignment.

Answer: D

Question 2

The insured is dissatisfied with the handling of a claim. How long does the insured have to bring a lawsuit against the insurer?

Options :

A : 1 year

B : 3 years

C : 5 years

D : 7 years

Answer: C

Question 3

The Oklahoma Insurance Commissioner may place on probation, censure, suspend, revoke, or refuse to issue a license to an applicant for all of the following causes EXCEPT

Options :

A : having admitted to have committed fraud.

B : providing incorrect, misleading, or materially untrue information in the license application.

C : having been convicted of a misdemeanor.

D : failing to pay state taxes.

Answer: C

Question 4

Laura has a group medical plan that has an 80% coinsurance provision but no deductible. She recently incurred a $1,000 medical bill. How much will Laura have to pay?

Options :

A : $0

B : $200

C : $800

D : $1,000

Answer: B

Question 5

Which of the following BEST describes a waiver of premium clause in a typical disability policy?

Options :

A : The waiver of premium benefit pays the policy premium during a disability claim.

B : This clause eliminates any premium being paid for the lifetime of the insured individual.

C : The monthly benefit under the policy is reduced to offset the premium that is no longer being paid.

D :

This clause generally begins immediately with the doctor stating that the insured person is completely disabled.

Answer: A