- 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:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Hawaii Insurance Laws, Rules, and Regulations | ~41% | - Hawaii-Specific Life Insurance Rules
|
| Topic 2: Life-General Knowledge | ~59% | - Life Provisions, Riders, Options, and Exclusions
|
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- C. three years after the policy is no longer in force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
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.
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
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
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
Correct Answer: D 🗳️
Explanation: Only visible for ITPassLeader members. You can sign-up / login (it's free).
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