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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Life - General Knowledge | - Retirement and Other Insurance Concepts
|
| Life - Hawaii Specific | - Hawaii Laws and Rules Common to Life, Accident and Health, Property, Casualty and Personal Lines Insurance
|
Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:
Question 1
The PRIMARY purpose of the life insurance replacement law is to protect the interests of:
A. producers
B. insurance companies
C. beneficiaries
D. policyowners
Question 2
A temporary license issued by the Hawaii Insurance Division is valid for how many days?
A. 180
B. 60
C. 90
D. 30
Question 3
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. 6% per year compounded annually
B. 4% per year
C. 10% per year
D. 8% per year compounded monthly
Question 4
In a Hawaii variable life insurance contract, investment gains and losses attributable to assets held in a separate account are:
A. credited only when the policy is surrendered
B. credited to or charged against the separate account independently of the insurer's other investment results
C. guaranteed by the Insurance Commissioner
D. combined with all gains and losses from the insurer's general account
Question 5
An insured replaces a life insurance policy with another policy issued by the SAME insurer. With respect to the new policy's incontestability and suicide periods, the replacing insurer must generally:
A. restart both periods completely without credit
B. apply the credit only if the beneficiary remains unchanged
C. waive all future premiums for two years
D. credit the time elapsed under the existing policy, up to the face amount of the existing policy
Solutions:
| Question 1 Answer: D | Question 2 Answer: A | Question 3 Answer: A | Question 4 Answer: B | Question 5 Answer: D |
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