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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:
1. The Hawaii Insurance Commissioner MUST hold a hearing within how many days after receipt of the proper application for a hearing?
A) Thirty
B) Forty-five
C) Sixty
D) Thirty-one
2. Under Social Security, which of the following determines the amount of a worker's Disability Income benefit?
A) National average monthly wage
B) Minimum taxable wage base
C) Primary Insurance Amount (PIA)
D) State of residence average monthly wage
3. Coverage will begin on the day an insured signs a nonmedical application only if the producer takes which of the following actions on the same day?
A) Collects the initial premium
B) Countersigns the application
C) Orders a Medical Information Bureau (MIB) report on the applicant
D) Sends the application to the insurance company
4. A level premium means that the premium:
A) may be increased upon adverse experience of the insurance company
B) may vary from year to year, but only within stipulated limits
C) remains fixed through the life of a policy
D) changes only on the annual anniversary date of the policy
5. How often may the Insurance Commissioner examine the insurance account records, and transactions of an insurance producer?
A) As often as the Commissioner deems advisable
B) No more than once a year
C) Only as often as is mutually agreed to by the Commissioner and the producer
D) Only when requested to do so by the producer
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: A |
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