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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Life - Hawaii Specific | - Hawaii Laws and Rules Common to Life, Accident and Health, Property, Casualty and Personal Lines Insurance
|
| Life - General Knowledge | - Retirement and Other Insurance Concepts
|
Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:
When a new life insurance policy is issued as a replacement for an existing policy, Hawaii law requires the replacing insurer to provide the policyowner with the right to return the new policy within:
- A. 15 days
- B. 10 days
- C. 30 days
- D. 20 days
Correct Answer: C 🗳️
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A purpose of the Hawaii Life and Disability Insurance Guaranty Association Act is to:
- A. provide a profit to insurance companies operating in Hawaii
- B. return excess premium charges to policyowners
- C. reduce financial loss to policyowners caused by admitted insurance company insolvency
- D. prohibit excessive insurance rates
Correct Answer: C 🗳️
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A Hawaii labor union group life insurance policy requires insured members to contribute part of the premium.
What percentage of eligible members, excluding those whose individual insurability is unsatisfactory, must elect to make the required contributions?
- A. 60%
- B. 50%
- C. 100%
- D. 75%
Correct Answer: D 🗳️
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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. by an insurance company
- B. primarily for the purpose of purchasing insurance
- C. for purposes other than obtaining insurance
- D. solely for collecting insurance premiums
Correct Answer: C 🗳️
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A Hawaii group life insurance policyholder fails to pay a premium when due. Except for the first premium, the group policy must generally provide a grace period of at least:
- A. 15 days
- B. 10 days
- C. 30 days
- D. 60 days
Correct Answer: C 🗳️
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