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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Hawaii Laws and Rules Common to Life, Accident and Health, Property, Casualty and Personal Lines Insurance | 23% | - Definitions
- Marketing practices
|
| Hawaii Laws and Rules Pertinent to Life Insurance Only | 12% | - Group life
- Policy clauses and provisions
- Variable contracts - Marketing methods and practices
|
| Types of Policies | 15% | - Combination plans and variations
|
| Life Provisions, Riders, Options, and Exclusions | 15% | - Policy provisions and options
|
| Retirement and Other Life Insurance Concepts | 8% | - Retirement plans
- Social Security benefits - Life insurance needs analysis and suitability
- Third-party ownership |
| Completing the Application, Underwriting, and Delivering the Policies | 12% | - Completing the application
|
Insurance Licensing Hawaii Life Producer Exam (InsHI_Life01 OPLife01) Sample Questions:
Question 1
When recommending an annuity to a consumer in Hawaii, a producer must:
A. recommend the annuity with the longest surrender period
B. act in the consumer's best interest without placing the producer's or insurer's financial interest ahead of the consumer's
C. recommend only variable annuities to consumers under age 65
D. place the insurer's financial interest ahead of the consumer's when the insurer pays the highest commission
Question 2
Under Hawaii Group Life Insurance law, a dependent is defined as a child of the insured who is:
A. under the age of 18
B. under the age of 21
C. at least 15
D. under the age of 26
Question 3
An annuity annual report is REQUIRED for which of the following?
A. Fixed annuities once annuitized
B. Variable annuity once annuitized
C. Immediate annuities
D. Deferred annuities
Question 4
Which of the following items requires an insurance company to advise an applicant that the company intends to secure a report which includes details about his income and general reputation?
A. Uniform Provisions Law
B. Freedom of Information Act
C. USA Patriot Act
D. Fair Credit Reporting Act
Question 5
An insurance company whose governing body is elected by its policyholders is a:
A. fraternal beneficiary association
B. mutual company
C. reciprocal company
D. stock company
Solutions:
| Question 1 Answer: B | Question 2 Answer: A | Question 3 Answer: D | Question 4 Answer: D | Question 5 Answer: B |
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