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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Completing the Application, Underwriting, and Delivering the Policies | 12% | - Completing the application
|
| Hawaii Laws and Rules Common to Life, Accident and Health, Property, Casualty and Personal Lines Insurance | 23% | - Marketing practices
|
| Hawaii Laws and Rules Pertinent to Life Insurance Only | 12% | - Credit life - Group life
- Participation in surplus |
| Types of Policies | 15% | - Term life
|
| Life Provisions, Riders, Options, and Exclusions | 15% | - Policy exclusions
|
| Retirement and Other Life Insurance Concepts | 8% | - Social Security benefits - Life insurance needs analysis and suitability
- Group life insurance
- Tax treatment of insurance premiums, proceeds, and dividends |
Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:
Question 1
Producers may engage in all of the following activities EXCEPT:
A. soliciting insurance applications for insurance
B. selling insurance
C. countersigning contracts
D. negotiating insurance
Question 2
Except for nonpayment of premiums and certain excluded supplemental benefits, a Hawaii individual life insurance policy becomes incontestable after it has been in force during the insured's lifetime for:
A. 1 year
B. 5 years
C. 2 years
D. 3 years
Question 3
The purpose of regulating Credit Life insurance is to:
A. prohibit unreasonable competition
B. limit the interpretations of provisions in the law involving Credit Life insurance
C. enhance the insured's ability to obtain credit from the Hawaiian banks
D. protect consumer interest
Question 4
A convicted felon may receive a life or health license only if a felony waiver is approved by:
A. the local police department
B. a court order
C. the Insurance Commissioner
D. the appointing general agent
Question 5
Which of the following life insurance policies provides a 25-year-old with the most rapid growth of cash value?
A. Life Paid-Up at Age 65
B. Straight Life
C. 20-Pay Life
D. Renewable Term to age 65
Solutions:
| Question 1 Answer: C | Question 2 Answer: C | Question 3 Answer: D | Question 4 Answer: C | Question 5 Answer: C |
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