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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Retirement and Other Life Insurance Concepts | 8% | - Third-party ownership - Life settlements - Tax treatment of insurance premiums, proceeds, and dividends - Life insurance needs analysis and suitability
- Group life insurance
|
| Topic 2: Completing the Application, Underwriting, and Delivering the Policies | 12% | - Delivering the policy
|
| Topic 3: Life Provisions, Riders, Options, and Exclusions | 15% | - Policy exclusions
|
| Topic 4: Hawaii Laws and Rules Pertinent to Life Insurance Only | 12% | - Participation in surplus - Policy clauses and provisions
- Variable contracts - Group life
|
| Topic 5: Hawaii Laws and Rules Common to Life, Accident and Health, Property, Casualty and Personal Lines Insurance | 23% | - Guaranty associations - Definitions
|
| Topic 6: Types of Policies | 15% | - Combination plans and variations
|
Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:
1. Prior to the purchase of an annuity, the producer shall make every reasonable effort to obtain all of the following information EXCEPT the consumer's:
A) investment objectives
B) financial status
C) business partner
D) tax status
2. A temporary license issued by the Hawaii Insurance Division is valid for how many days?
A) 180
B) 60
C) 30
D) 90
3. A life insurance contract will generally be classified as a Modified Endowment Contract (MEC) if it:
A) has a death benefit exceeding $50,000
B) allows the policyowner to borrow against cash value
C) fails the federal seven-pay test
D) accumulates any cash value during the first policy year
4. How often may the Insurance Commissioner examine the insurance account records, and transactions of an insurance producer?
A) Only as often as is mutually agreed to by the Commissioner and the producer
B) Only when requested to do so by the producer
C) No more than once a year
D) As often as the Commissioner deems advisable
5. The PRIMARY purpose of the life insurance replacement law is to protect the interests of:
A) insurance companies
B) policyowners
C) producers
D) beneficiaries
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: B |







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