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

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                                      • C. three years after the policy is no longer in force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

                                      Correct Answer: C  🗳️

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

                                      All of the following statements about a Guaranteed Insurability Option rider are true EXCEPT:

                                      • A. Costs for new coverages purchased under this rider are calculated on the basis of the insured's attained age.
                                      • B. It requires the insured to provide evidence of insurability when exercising the option.
                                      • C. It allows the insured to purchase additional coverage at specified ages.
                                      • D. It allows the insured to purchase additional coverage at marriage or the birth of a child.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: B  🗳️

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

                                      A Hawaii group life policy is terminated completely. To qualify for the statutory individual conversion right arising from termination of the GROUP POLICY itself, an insured generally must have been continuously insured under the group policy for at least:

                                      • A. 3 years
                                      • B. 10 years
                                      • C. 1 year
                                      • D. 5 years
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

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

                                      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. for purposes other than obtaining insurance
                                      • B. solely for collecting insurance premiums
                                      • C. primarily for the purpose of purchasing insurance
                                      • D. by an insurance company
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

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

                                      The purpose of a Policy Summary is to:

                                      • A. educate the client at the time of application about the types of insurance available
                                      • B. describe the issuing insurer to the insured
                                      • C. provide the conditional receipt
                                      • D. highlight the coverages, riders, and exclusions of the issued policy
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

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

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