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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Life Provisions, Riders, Options, and Exclusions | 15% | - Policy exclusions
|
| Topic 2: Hawaii Laws and Rules Common to Life, Accident and Health, Property, Casualty and Personal Lines Insurance | 23% | - Marketing practices
|
| Topic 3: Retirement and Other Life Insurance Concepts | 8% | - Retirement plans
- Third-party ownership - Tax treatment of insurance premiums, proceeds, and dividends - Social Security benefits - Group life insurance
|
| Topic 4: Types of Policies | 15% | - Combination plans and variations
|
| Topic 5: Completing the Application, Underwriting, and Delivering the Policies | 12% | - Contract law
|
| Topic 6: Hawaii Laws and Rules Pertinent to Life Insurance Only | 12% | - Credit life - Policy clauses and provisions
- Marketing methods and practices
|
Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:
1. Policy loan interest rates for policies issued after June 22, 1982, may be set at:
A) a 5% maximum or an adjustable rate permitted by law
B) a 10% maximum
C) an 8% maximum or an adjustable rate permitted by law
D) an 18% maximum
2. A producer obtains a Hawaii Life line of authority after December 31, 2022 and intends to sell annuity products. Before soliciting an annuity sale, the producer must complete:
A) a two-credit ethics course only
B) no additional training until the first license renewal
C) a one-time four-credit annuity training course
D) ten hours of securities training only
3. Which life insurance product combines flexible premium characteristics with investment performance based on separate accounts selected by the policyowner?
A) Credit Life
B) Variable Universal Life
C) Ordinary Whole Life
D) Decreasing Term Life
4. How many years are producers required to keep records for Continuing Education?
A) 2
B) 4
C) 3
D) 1
5. A Hawaii insurance producer is the subject of an administrative action in another state. The matter reaches final disposition on March 1. The producer must generally report the action to the Hawaii Insurance Commissioner within:
A) 60 days
B) 30 days
C) 10 days
D) 15 days
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: B |
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