Under Oklahoma law (Title 36 O.S. § 4107), individuals covered by a group life insurance policy have the right to designate a beneficiary and, upon termination of employment or group membership, the right toconvertthe group coverage to an individual life insurance policy without evidence of insurability, typically within 31 days. This conversion right ensures continued coverage.
Option A: Incorrect. Group life policies typically do not have cash surrender value for individual insureds.
Option B: Incorrect. Converting premiums to a different policy is not a standard right.
Option C: Incorrect. Remaining insured after termination requires COBRA (for health) or conversion, not automatic continuation.
Option D: Correct. The insured has the right to convert to an individual policy upon termination.
This question falls under the Prometric content outline section on “Provisions, Options, Exclusions, Riders, Clauses, and Rights,” which covers group life insurance rights.
[:, 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. § 4107 (group life conversion rights)., Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing., ]
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