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

  • Exam Code: Hawaii-Life-Producer
  • Exam Name: Hawaii Life Producer Exam (InsHI_Life01 OPLife01)
  • Updated: Oct 15, 2026
  • Q&As: 120 Questions and Answers

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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Hawaii Insurance Laws, Rules, and Regulations~41%- Hawaii Common Insurance Law
  • 1. Insurance statutes and rules
    • 2. Licensing and producer requirements
      • 3. Commissioner authority and duties
        - Hawaii-Specific Life Insurance Rules
        • 1. Policy forms and approval
          • 2. Marketing practices and ethics
            • 3. Annuity and suitability requirements
              Topic 2: Life-General Knowledge~59%- Types of Policies
              • 1. Combination plans and variations
                • 2. Interest/market-sensitive life products
                  • 3. Traditional whole life products
                    • 4. Term life insurance
                      • 5. Annuities
                        - Life Provisions, Riders, Options, and Exclusions
                        • 1. Beneficiary designations and settlement options
                          • 2. Exclusions and limitations
                            • 3. Policy provisions and clauses
                              • 4. Common policy riders
                                - Life Insurance Concepts and Application
                                • 1. Policy replacement and disclosure
                                  • 2. Underwriting and policy issue
                                    • 3. Taxation and retirement concepts

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

                                      Question #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. 8% per year compounded monthly
                                      • B. 4% per year
                                      • C. 10% per year
                                      • D. 6% per year compounded annually
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

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                                      Question #2

                                      An insurance agency that runs a radio commercial stating that a producer is an expert in a particular field of insurance, when, in fact, the producer does not hold a license in that field, is guilty of:

                                      • A. twisting
                                      • B. misrepresentation of coverage
                                      • C. false advertising
                                      • D. defamation
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

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                                      Question #3

                                      Which of the following statements is CORRECT about group life insurance policies?

                                      • A. They are not permitted to provide conversion privileges to an insured's dependent children.
                                      • B. They must provide equal coverage to an insured's spouse and each dependent child for amounts of up to
                                        50% of the insured's coverage.
                                      • C. They may provide coverage to an insured's spouse and each dependent child for amounts equal to the insured's coverage.
                                      • D. They are not permitted to provide conversion privileges to an insured's spouse.
                                      Reveal Solution  Discussion  0

                                      Correct Answer: C  🗳️

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                                      Question #4

                                      At the age of 65, an insured withdraws the cash from a profit-sharing plan and purchases a Straight Life Annuity. This transaction will provide:

                                      • A. the greatest possible return to beneficiaries
                                      • B. tax-free appreciation of the insured's money
                                      • C. protection against inflation
                                      • D. an income that the insured cannot outlive
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

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                                      Question #5

                                      Persons insured under a group life insurance policy may make all of the following individuals the beneficiaries of their certificate EXCEPT:

                                      • A. a policyholder
                                      • B. their child
                                      • C. a trust
                                      • D. their spouse
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

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