Study and Prepare with Insurance Licensing Hawaii-Life-Producer study material, That's Easy to pass With PracticeMaterial!
Last Updated: Sep 08, 2026
No. of Questions: 120 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| Types of Policies | 15% | - Interest/market-sensitive/adjustable life products
|
| Hawaii Laws and Rules Pertinent to Life Insurance Only | 12% | - Credit life - Variable contracts - Group life
|
| Retirement and Other Life Insurance Concepts | 8% | - Social Security benefits - Retirement plans
- Third-party ownership - Life insurance needs analysis and suitability
- Group life insurance
|
| Completing the Application, Underwriting, and Delivering the Policies | 12% | - Contract law
|
| Hawaii Laws and Rules Common to Life, Accident and Health, Property, Casualty and Personal Lines Insurance | 23% | - Marketing practices
- Insurance Commissioner
|
| Life Provisions, Riders, Options, and Exclusions | 15% | - Policy exclusions
|
Question 1
A life insurance contract will generally be classified as a Modified Endowment Contract (MEC) if it:
A. allows the policyowner to borrow against cash value
B. accumulates any cash value during the first policy year
C. has a death benefit exceeding $50,000
D. fails the federal seven-pay test
Question 2
A Hawaii labor union group life insurance policy requires insured members to contribute part of the premium.
What percentage of eligible members, excluding those whose individual insurability is unsatisfactory, must elect to make the required contributions?
A. 50%
B. 75%
C. 100%
D. 60%
Question 3
A Life insurance policy is issued with an exclusion rider for a past health condition. Which of the following actions MUST a producer take when the policy is delivered?
A. Deliver the contract without the signature of the applicant.
B. Explain the rider and the specific exclusions.
C. Mail the policy with a return receipt requested.
D. Change any inaccurate statements on the application.
Question 4
After receiving a notice that an insurer has appointed a producer, the Hawaii Insurance Commissioner must verify the producer's eligibility within a reasonable time not exceeding:
A. 15 days
B. 60 days
C. 10 days
D. 30 days
Question 5
A Hawaii group life insurance policyholder fails to pay a premium when due. Except for the first premium, the group policy must generally provide a grace period of at least:
A. 15 days
B. 60 days
C. 10 days
D. 30 days
Solutions:
| Question 1 Answer: D | Question 2 Answer: B | Question 3 Answer: B | Question 4 Answer: D | Question 5 Answer: D |
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