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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Hawaii Insurance Laws, Rules, and Regulations~41%- Hawaii-Specific Life Insurance Rules
  • 1. Annuity and suitability requirements
    • 2. Policy forms and approval
      • 3. Marketing practices and ethics
        - Hawaii Common Insurance Law
        • 1. Licensing and producer requirements
          • 2. Commissioner authority and duties
            • 3. Insurance statutes and rules
              Topic 2: Life-General Knowledge~59%- Life Insurance Concepts and Application
              • 1. Underwriting and policy issue
                • 2. Taxation and retirement concepts
                  • 3. Policy replacement and disclosure
                    - Life Provisions, Riders, Options, and Exclusions
                    • 1. Exclusions and limitations
                      • 2. Policy provisions and clauses
                        • 3. Beneficiary designations and settlement options
                          • 4. Common policy riders
                            - Types of Policies
                            • 1. Term life insurance
                              • 2. Interest/market-sensitive life products
                                • 3. Combination plans and variations
                                  • 4. Annuities
                                    • 5. Traditional whole life products

                                      Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:

                                      Question #1

                                      In a contract of adhesion, any confusing language would be interpreted in favor of which of the following parties?

                                      • A. The insurance regulatory authority
                                      • B. The attorney
                                      • C. The insurance company
                                      • D. The insured
                                      Answer: D

                                      Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).

                                      Question #2

                                      An individual purchases a life insurance policy delivered in Hawaii. After reviewing the contract, the purchaser decides that the coverage does not meet their needs. Under Hawaii law, within how many days after receiving the policy may the purchaser return it for a refund of premium?

                                      • A. 5 days
                                      • B. 15 days
                                      • C. 10 days
                                      • D. 30 days
                                      Answer: C

                                      Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).

                                      Question #3

                                      For a public employee association to qualify as the policyholder of a group life insurance policy in Hawaii, the association must have been formed:

                                      • A. by an insurance company
                                      • B. for purposes other than obtaining insurance
                                      • C. primarily for the purpose of purchasing insurance
                                      • D. solely for collecting insurance premiums
                                      Answer: B

                                      Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).

                                      Question #4

                                      If a father intends to purchase and retain ownership of a life policy on his eighteen-year-old son, which of the following signatures would be required on the application?

                                      • A. The father's signature only
                                      • B. The son's signature only
                                      • C. Both the father's and the son's signatures
                                      • D. Both the father's and the mother's signatures
                                      Answer: C

                                      Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).

                                      Question #5

                                      R is insured under a $25,000 Whole Life policy with an Accidental Death Benefit rider. If R dies as the result of a heart attack while driving to work, R's beneficiary will receive a maximum of which of the following amounts?

                                      • A. $0
                                      • B. $75,000
                                      • C. $25,000
                                      • D. $50,000
                                      Answer: C

                                      Explanation: Only visible for PracticeMaterial members. You can sign-up / login (it's free).

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