Thecontestable periodfor a life insurance policy in Oklahoma, as mandated by Title 36 O.S. § 4004, is24 months(2 years) from the policy’s issuance. During this period, the insurer can contest the policy’s validity based on material misrepresentations in the application (e.g., health or lifestyle). After 2 years, the policy becomes incontestable except for non-payment of premiums or fraud in some cases.
Option A: Incorrect. 6 months is too short for the contestable period.
Option B: Incorrect. 12 months is insufficient; the standard is 24 months.
Option C: Correct. The contestable period is 24 months.
Option D: Incorrect. 36 months exceeds the standard period.
This question aligns with the Prometric content outline under “Provisions, Options, Exclusions, Riders, Clauses, and Rights,” which covers the incontestability provision.
[:, Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: General Knowledge – Life Insurance Provisions)., Oklahoma Insurance Department, Title 36 O.S. § 4004 (incontestability provision)., Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing., ]
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