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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
|
| Life Provisions, Riders, Options, and Exclusions | 15% | - Policy provisions and options
|
| Hawaii Laws and Rules Pertinent to Life Insurance Only | 12% | - Marketing methods and practices
- Policy clauses and provisions
- Credit life |
| Types of Policies | 15% | - Term life
|
| 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 - Retirement plans
|
| Hawaii Laws and Rules Common to Life, Accident and Health, Property, Casualty and Personal Lines Insurance | 23% | - Insurance Commissioner
- Licensing
|
Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:
Question 1
Under Hawaii Group Life Insurance law, a dependent is defined as a child of the insured who is:
A. at least 15
B. under the age of 18
C. under the age of 21
D. under the age of 26
Question 2
Mr. and Mrs. X have a one-month-old infant. They would like a $250,000 life insurance policy on Mr. X with the lowest premium for the next 20 years. The suitable policy recommendation would be a:
A. 20-Pay Life
B. 20-year Level Term
C. Variable Life funded for 20 years
D. 20-year Increasing Term
Question 3
The Hawaii Insurance Commissioner may suspend an insurance license if the licensee:
A. applies for a license with another state within ninety days
B. terminates the contract with the licensee's former insurance company and requests a transfer to another insurance company
C. materially misrepresents the terms of an insurance contract
D. does not sell at least two policies in a given year
Question 4
Which of the following features makes Universal Life different from other forms of Whole Life insurance?
A. Settlement options
B. Beneficiary provisions
C. Free Look period
D. Premium schedules
Question 5
A lapsed Hawaii individual life insurance policy is being reinstated. Interest charged on overdue premiums and qualifying policy indebtedness under the statutory reinstatement provision may NOT exceed:
A. 10% per year
B. 4% per year
C. 8% per year compounded monthly
D. 6% per year compounded annually
Solutions:
| Question 1 Answer: B | Question 2 Answer: B | Question 3 Answer: C | Question 4 Answer: D | Question 5 Answer: D |
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