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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Types of Policies | 15% | - Traditional whole life products
|
| Topic 2: Retirement and Other Life Insurance Concepts | 8% | - Social Security benefits - Tax treatment of insurance premiums, proceeds, and dividends - Group life insurance
- Retirement plans
|
| Topic 3: Hawaii Laws and Rules Common to Life, Accident and Health, Property, Casualty and Personal Lines Insurance | 23% | - Definitions
- Licensing
|
| Topic 4: Completing the Application, Underwriting, and Delivering the Policies | 12% | - Contract law
|
| Topic 5: Hawaii Laws and Rules Pertinent to Life Insurance Only | 12% | - Marketing methods and practices
- Credit life - Group life
|
| Topic 6: Life Provisions, Riders, Options, and Exclusions | 15% | - Policy exclusions
|
Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:
A method of providing life insurance on the husband of a person covered by a life insurance policy is by:
- A. a Return of Premium rider
- B. an Accidental Death and Dismemberment (AD & D) rider
- C. a Guaranteed Insurability Option rider
- D. a Spouse Term rider
Correct Answer: D 🗳️
Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).
A convicted felon may receive a life or health license only if a felony waiver is approved by:
- A. the local police department
- B. the appointing general agent
- C. a court order
- D. the Insurance Commissioner
Correct Answer: D 🗳️
Which of the following policies accumulates the greatest amount of cash value per $1,000 of face amount?
- A. Yearly Renewable Term
- B. Decreasing Term
- C. Family Income
- D. Whole Life
Correct Answer: D 🗳️
Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).
Who retains the right to name a beneficiary of a life insurance contract?
- A. The producer
- B. The insurance company
- C. The policyowner
- D. The insured
Correct Answer: C 🗳️
Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).
The Hawaii Insurance Commissioner may suspend an insurance license if the licensee:
- A. applies for a license with another state within ninety days
- B. terminates the contract with the licensee's former insurance company and requests a transfer to another insurance company
- C. does not sell at least two policies in a given year
- D. materially misrepresents the terms of an insurance contract
Correct Answer: D 🗳️
Explanation: Only visible for 2Pass4sure members. You can sign-up / login (it's free).
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