Exam Code: Hawaii-Life-Producer
Exam Name: Hawaii Life Producer Exam (InsHI_Life01 OPLife01)
Certification Provider: Insurance Licensing
Corresponding Certification: Hawaii Insurance
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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:

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

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

                                      A life insurance policy is issued after a basic illustration was used in the sale. Under Hawaii's life insurance illustration requirements, the insurer must generally retain the applicable signed illustration records until:

                                      • A. three years after policy issue
                                      • B. five years after the insured's death
                                      • C. one year after policy delivery
                                      • D. three years after the policy is no longer in force
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

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

                                      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. $75,000
                                      • B. $50,000
                                      • C. $25,000
                                      • D. $0
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

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

                                      A producer may have placed excessive controlled business when insurance written on the producer and the producer's family during a two-year period exceeds:

                                      • A. one-quarter of the insurance premiums written by the producer on other risks
                                      • B. one-half of the amount of insurance premiums written by the producer on all risks
                                      • C. one-third of the total premiums written by the producer
                                      • D. one-half of the total face amount written by the producer
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

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

                                      Collecting premiums for insurance and depositing them in an existing personal bank account is an example of:

                                      • A. sharing commissions
                                      • B. rebating
                                      • C. twisting
                                      • D. commingling
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

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

                                      Under Hawaii Group Life Insurance law, a dependent is defined as a child of the insured who is:

                                      • A. under the age of 18
                                      • B. under the age of 26
                                      • C. at least 15
                                      • D. under the age of 21
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

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

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