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: Aug 27, 2026
  • Q & A: 120 Questions and Answers

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Hawaii-Life-Producer exam dumps

Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:

SectionObjectives
Life - Hawaii Specific- Hawaii Laws and Rules Pertinent to Life Insurance Only
  • 1. Variable Contracts
    • 2. Participation in Surplus
      • 3. Marketing methods and practices
        • Replacement
        • Annuities
      • 4. Credit Life
        • 5. Policy Clauses and Provisions
          • Protection of beneficiaries from creditors
          • Policy loan interest rate
          • Spouse's rights
        • 6. Group Life
          • Group requirements
          • Assignment of proceeds
          • Conversion
        - Hawaii Laws and Rules Common to Life, Accident and Health, Property, Casualty and Personal Lines Insurance
        • 1. Marketing practices
          • Unfair and deceptive practices
          • Reporting and accounting for premiums
          • Sharing commissions
          • Required records and record retention
          • Controlled business
          • Premiums
        • 2. Insurance Commissioner
          • General powers and duties
          • Examination of records
          • Notice of hearings
          • Penalties
        • 3. Licensing
          • General qualifications for licensing
          • Persons required to be licensed
          • Denial, suspension, and revocation of licenses
          • Renewal of license and continuing education
        • 4. Definitions
          • Authorized and unauthorized
          • Domestic, foreign, and alien
          • Stock, reciprocal and mutual
          • Certificate of authority
          • Insurance
        • 5. Guaranty Associations
          Life - General Knowledge- Completing the Application, Underwriting, and Delivering the Policies
          • 1. Underwriting
            • Insurable interest
            • Medical information and consumer reports
            • Fair Credit Reporting Act
            • Risk classification
            • Stranger/Investor-owned life insurance
          • 2. Completing the application
            • Required signatures
            • Changes in the application
            • Consequences of incomplete applications
            • Warranties and representations
            • Collecting the initial premium and issuing the receipt
            • Replacement
            • Disclosures at point of sale
            • USA PATRIOT Act and anti-money laundering
            • Gramm-Leach-Bliley Act privacy
          • 3. Delivering the policy
            • When coverage begins
            • Explaining the policy and its provisions, riders, exclusions, and ratings to the client
          • 4. Contract law
            • Elements of a contract
            • Unique aspects of the insurance contract
          - Life Provisions, Riders, Options, and Exclusions
          • 1. Policy exclusions
            • War
            • Aviation
            • Dangerous occupation
          • 2. Policy provisions and options
            • Entire contract
            • Insuring clause
            • Free look
            • Consideration
            • Owner's rights
            • Beneficiary designations
            • Premium payment
            • Reinstatement
            • Policy loans, withdrawals, partial surrenders
            • Non-forfeiture options
            • Dividends and dividend options
            • Incontestability
            • Assignments
            • Suicide
            • Misstatement of age and gender
            • Settlement options
            • Accelerated death benefits
          • 3. Policy riders
            • Waiver of premium and waiver of monthly deduction
            • Guaranteed insurability
            • Payor benefit
            • Accidental death and/or accidental death and dismemberment
            • Term riders
            • Other insureds
            • Long term care
            • Return of premium
            • Disability
            • Cost of Living
          - Retirement and Other Insurance Concepts
          • 1. Third-party ownership
            • 2. Tax treatment of insurance premiums, proceeds, and dividends
              • Individual life
              • Group life
              • Modified Endowment Contracts
            • 3. Life settlements
              • 4. Group life insurance
                • Conversion privilege
                • Contributory vs. noncontributory
              • 5. Retirement plans
                • Qualified plans
                • Nonqualified plans
              • 6. Life insurance needs analysis and suitability
                • Personal insurance needs
                • Business insurance needs
              • 7. Social Security benefits
                - Types of Policies
                • 1. Annuities
                  • Single and flexible premium
                  • Immediate and deferred
                  • Fixed and variable
                  • Indexed
                  • Accumulation and annuity periods
                  • Payout options
                • 2. Combination plans and variations
                  • Joint life (first to die)
                  • Survivorship life (second to die)
                • 3. Traditional whole life products
                  • Ordinary whole life
                  • Limited-pay and single-premium life
                • 4. Term life
                  • Types
                  • Special features
                • 5. Interest/market-sensitive/adjustable life products
                  • Universal life
                  • Variable whole life
                  • Variable universal life
                  • Interest-sensitive whole life
                  • Indexed life

                Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:

                1. If the insured commits suicide during the first policy year, the insurer will:

                A) pay 10% of the policy face value
                B) return all premiums and not pay the claim
                C) return all premiums less company expenses
                D) pay the face amount but not double indemnity


                2. An insurance company will take which of the following actions if a producer submits an incomplete application for life insurance?

                A) Issue a rated policy.
                B) Issue the policy with an extended Incontestable Period.
                C) Return the application to the producer.
                D) Offer to issue the policy with restricted Nonforfeiture Options.


                3. Except for nonpayment of premiums and certain excluded supplemental benefits, a Hawaii individual life insurance policy becomes incontestable after it has been in force during the insured's lifetime for:

                A) 3 years
                B) 1 year
                C) 5 years
                D) 2 years


                4. Life insurance proceeds payable to all of the following beneficiaries are free from attachment by the insured's creditors EXCEPT those payable to the insured's:

                A) child
                B) parent
                C) spouse
                D) estate


                5. A Hawaii insurance producer allows the producer's license to become inactive because the renewal fee was not paid. The producer may generally reinstate the license without retaking the written examination if reinstatement requirements are satisfied within:

                A) 30 days
                B) 6 months
                C) 12 months
                D) 24 months


                Solutions:

                Question # 1
                Answer: B
                Question # 2
                Answer: C
                Question # 3
                Answer: D
                Question # 4
                Answer: D
                Question # 5
                Answer: C

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