Exam Code: Hawaii-Life-Producer
Exam Name: Hawaii Life Producer Exam (InsHI_Life01 OPLife01)
Updated: Aug 26, 2026
Q & A: 120 Questions and Answers
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Types of Policies | 15% | - Term life
|
| Topic 2: Hawaii Laws and Rules Pertinent to Life Insurance Only | 12% | - Policy clauses and provisions
- Participation in surplus - Marketing methods and practices
- Group life
|
| Topic 3: Life Provisions, Riders, Options, and Exclusions | 15% | - Policy riders
|
| Topic 4: Retirement and Other Life Insurance Concepts | 8% | - Life settlements - Life insurance needs analysis and suitability
- Third-party ownership - Group life insurance
|
| Topic 5: Completing the Application, Underwriting, and Delivering the Policies | 12% | - Contract law
|
| Topic 6: Hawaii Laws and Rules Common to Life, Accident and Health, Property, Casualty and Personal Lines Insurance | 23% | - Guaranty associations - Licensing
|
1. A lapsed Hawaii individual life insurance policy is being reinstated. Interest charged on overdue premiums and qualifying policy indebtedness under the statutory reinstatement provision may NOT exceed:
A) 10% per year
B) 4% per year
C) 8% per year compounded monthly
D) 6% per year compounded annually
2. In Hawaii, an applicant for a resident producer's license MUST meet which of the following requirements?
A) Have a minimum of one year of college education
B) Hold a CPCU or CLU designation
C) Be at least eighteen years of age
D) Be at least twenty-one years of age
3. An insurance company whose governing body is elected by its policyholders is a:
A) stock company
B) mutual company
C) reciprocal company
D) fraternal beneficiary association
4. R is insured under a $25,000 Whole Life policy with an Accidental Death Benefit rider. If R dies as the result of a heart attack while driving to work, R's beneficiary will receive a maximum of which of the following amounts?
A) $25,000
B) $50,000
C) $75,000
D) $0
5. Insurance producers in Hawaii are required to maintain records of insurance transactions for a MINIMUM of how many years?
A) Three
B) Ten
C) Seven
D) Five
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: D |
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