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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Life-General Knowledge | ~59% | - Types of Policies
|
| Hawaii Insurance Laws, Rules, and Regulations | ~41% | - Hawaii-Specific Life Insurance Rules
|
Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:
Question 1
For a public employee association to qualify as the policyholder of a group life insurance policy in Hawaii, the association must have been formed:
A. primarily for the purpose of purchasing insurance
B. by an insurance company
C. for purposes other than obtaining insurance
D. solely for collecting insurance premiums
Question 2
Unless the person entitled to the funds directs otherwise in writing, a Hawaii insurance producer holding return premium funds must return those funds within:
A. 10 days
B. 60 days
C. 30 days
D. 20 days
Question 3
A Hawaii group life policy is terminated completely. To qualify for the statutory individual conversion right arising from termination of the GROUP POLICY itself, an insured generally must have been continuously insured under the group policy for at least:
A. 1 year
B. 3 years
C. 5 years
D. 10 years
Question 4
Making false or misleading statements about the dividends previously paid on similar policies is an example of:
A. coercion
B. rebating
C. unfair discrimination
D. misrepresentation
Question 5
In a contract of adhesion, any confusing language would be interpreted in favor of which of the following parties?
A. The insurance regulatory authority
B. The insurance company
C. The insured
D. The attorney
Solutions:
| Question 1 Answer: C | Question 2 Answer: C | Question 3 Answer: C | Question 4 Answer: D | Question 5 Answer: C |
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