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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Hawaii Laws and Rules Common to Life, Accident and Health, Property, Casualty and Personal Lines Insurance | 23% | - Marketing practices
|
| Life Provisions, Riders, Options, and Exclusions | 15% | - Policy exclusions
|
| Types of Policies | 15% | - Traditional whole life products
|
| Hawaii Laws and Rules Pertinent to Life Insurance Only | 12% | - Variable contracts - Policy clauses and provisions
- Group life
- Marketing methods and practices
|
| Retirement and Other Life Insurance Concepts | 8% | - Third-party ownership - Group life insurance
- Tax treatment of insurance premiums, proceeds, and dividends - Retirement plans
|
| Completing the Application, Underwriting, and Delivering the Policies | 12% | - Underwriting
|
Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:
1. Making maliciously critical or false statements about the financial condition of an insurance company is an unfair method of competition known as:
A) discrimination
B) intimidation
C) coercion
D) defamation
2. In Hawaii, an applicant for a resident producer's license MUST meet which of the following requirements?
A) Hold a CPCU or CLU designation
B) Be at least eighteen years of age
C) Be at least twenty-one years of age
D) Have a minimum of one year of college education
3. A group life insurance policy may NOT insure groups consisting exclusively of persons who are:
A) salaried, clerical, or administrative employees
B) hourly paid laborers or their supervisors
C) administrative, managerial, or sales personnel
D) related by marriage, blood, or legal adoption
4. The Hawaii Insurance Commissioner MUST hold a hearing within how many days after receipt of the proper application for a hearing?
A) Sixty
B) Thirty-one
C) Forty-five
D) Thirty
5. An insured under a life settlement transaction has a life expectancy of MORE than one year. A life settlement provider, broker, or authorized representative may generally contact the insured to verify health status no more frequently than:
A) once every three months
B) once every six months
C) once each month
D) once each week
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: A |
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