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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Life Provisions, Riders, Options, and Exclusions | 15% | - Policy provisions and options
|
| Types of Policies | 15% | - Term life
|
| Hawaii Laws and Rules Common to Life, Accident and Health, Property, Casualty and Personal Lines Insurance | 23% | - Insurance Commissioner
- Marketing practices
|
| Retirement and Other Life Insurance Concepts | 8% | - Life insurance needs analysis and suitability
- Tax treatment of insurance premiums, proceeds, and dividends - Third-party ownership - Life settlements - Group life insurance
|
| Hawaii Laws and Rules Pertinent to Life Insurance Only | 12% | - Policy clauses and provisions
- Marketing methods and practices
- Credit life - Group life
|
| Completing the Application, Underwriting, and Delivering the Policies | 12% | - Delivering the policy
|
Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:
1. An individual purchases a life insurance policy delivered in Hawaii. After reviewing the contract, the purchaser decides that the coverage does not meet their needs. Under Hawaii law, within how many days after receiving the policy may the purchaser return it for a refund of premium?
A) 30 days
B) 10 days
C) 15 days
D) 5 days
2. Any person who violates a cease and desist order of the Hawaii Insurance Commissioner is subject to suspension or revocation of license or a MAXIMUM fine for each violation of:
A) $15,000
B) $10,000
C) $1,000
D) $5,000
3. Which of the following statements about an individual life policy premium is CORRECT?
A) It must contain all charges.
B) It excludes policy issuance fees.
C) It excludes expenses and load charges.
D) It excludes all taxes.
4. An employee's coverage under a Hawaii group life insurance policy terminates when the employee leaves employment. To exercise the statutory conversion privilege, the employee is entitled to obtain an individual life policy:
A) only after completing a new medical examination
B) only if the former employer pays the first premium
C) only after providing new evidence of insurability
D) without evidence of insurability
5. A life insurance contract will generally be classified as a Modified Endowment Contract (MEC) if it:
A) allows the policyowner to borrow against cash value
B) accumulates any cash value during the first policy year
C) has a death benefit exceeding $50,000
D) fails the federal seven-pay test
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: D | Question # 5 Answer: D |






