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Following are some reference material for actual Insurance Licensing Hawaii-Life-Producer exam test
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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
| Life-General Knowledge | ~59% | - Life Provisions, Riders, Options, and Exclusions
- 1. Exclusions and limitations
- 2. Beneficiary designations and settlement options
- 3. Policy provisions and clauses
- 4. Common policy riders
- Life Insurance Concepts and Application
- 1. Policy replacement and disclosure
- 2. Taxation and retirement concepts
- 3. Underwriting and policy issue
- Types of Policies
- 1. Interest/market-sensitive life products
- 2. Combination plans and variations
- 3. Annuities
- 4. Traditional whole life products
- 5. Term life insurance
|
| Hawaii Insurance Laws, Rules, and Regulations | ~41% | - Hawaii Common Insurance Law
- 1. Licensing and producer requirements
- 2. Commissioner authority and duties
- 3. Insurance statutes and rules
- Hawaii-Specific Life Insurance Rules
- 1. Policy forms and approval
- 2. Annuity and suitability requirements
- 3. Marketing practices and ethics
|
Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:
Which of the following Annuities has benefits that reflect the investment experience of a separate account?
- A. Retirement
- B. Fixed
- C. Variable
- D. Immediate
Reveal Solution
Discussion
Correct Answer: C 🗳️
Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).
A beneficiary receives a $300,000 lump-sum life insurance death benefit from a policy that was not transferred for value. Under the general federal income-tax rule, the $300,000 death benefit is:
- A. fully taxable as ordinary income
- B. subject to capital gains tax
- C. generally excluded from gross income
- D. taxable only if the beneficiary is not related to the insured
Reveal Solution
Discussion
Correct Answer: C 🗳️
Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).
An individual life insurance policy delivered in Hawaii must generally provide a grace period of:
- A. 10 days
- B. 60 days
- C. 30 days
- D. 20 days
Reveal Solution
Discussion
Correct Answer: C 🗳️
Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).
Making false or misleading statements about the dividends previously paid on similar policies is an example of:
- A. coercion
- B. unfair discrimination
- C. misrepresentation
- D. rebating
Reveal Solution
Discussion
Correct Answer: C 🗳️
Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).
A Hawaii producer applies for authority to sell Variable Life and Variable Annuity products. In addition to the appropriate insurance licensing requirements, the producer application requires evidence that the producer:
- A. has been a Life producer for five years
- B. holds a Property insurance license
- C. is employed directly by the Insurance Division
- D. is registered for securities in Hawaii with FINRA
Reveal Solution
Discussion
Correct Answer: D 🗳️
Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).