Insurance Licensing Hawaii-Life-Producer : Hawaii Life Producer Exam (InsHI_Life01 OPLife01)

  • Exam Code: Hawaii-Life-Producer
  • Exam Name: Hawaii Life Producer Exam (InsHI_Life01 OPLife01)
  • Updated: Oct 13, 2026     Q & A: 120 Questions and Answers

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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:

SectionWeightObjectives
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:

                                      Question #1

                                      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  0

                                      Correct Answer: C  🗳️

                                      Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).

                                      Question #2

                                      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  0

                                      Correct Answer: C  🗳️

                                      Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).

                                      Question #3

                                      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  0

                                      Correct Answer: C  🗳️

                                      Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).

                                      Question #4

                                      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  0

                                      Correct Answer: C  🗳️

                                      Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).

                                      Question #5

                                      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  0

                                      Correct Answer: D  🗳️

                                      Explanation: Only visible for Pass4guide members. You can sign-up / login (it's free).

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