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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Life - Hawaii Specific | - Hawaii Laws and Rules Pertinent to Life Insurance Only
|
| Life - General Knowledge | - Types of Policies
|
Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:
Question 1
A temporary license issued by the Hawaii Insurance Division is valid for how many days?
A. 180
B. 90
C. 60
D. 30
Question 2
An insurer who charges different policy rates to individuals in the same class of risk may be guilty of:
A. coercion
B. misrepresentation
C. defamation
D. unfair discrimination
Question 3
A person wants to purchase a life insurance policy on an unrelated competent adult. Under Hawaii law, which of the following is generally required at the time the contract is made?
A. Approval from the Insurance Commissioner
B. Written consent of the person whose life will be insured
C. Approval from the insured's physician
D. Consent of the beneficiary only
Question 4
A corporation offers a $10,000 employee group Life policy and pays a $5 monthly premium for each covered employee. How much additional taxable income per employee MUST the corporation report?
A. Only premiums exceeding $50 a year
B. Only premiums exceeding $30 a year
C. No premium tax is required
D. All premiums paid in a year
Question 5
If an annuity buyer's guide and disclosure document are NOT provided at or before the time of application in Hawaii, the applicant must receive an additional free-look period of at least:
A. 30 days
B. 20 days
C. 10 days
D. 15 days
Solutions:
| Question 1 Answer: A | Question 2 Answer: D | Question 3 Answer: B | Question 4 Answer: C | Question 5 Answer: D |
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