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

  • Exam Code: Hawaii-Life-Producer
  • Exam Name: Hawaii Life Producer Exam (InsHI_Life01 OPLife01)
  • Updated: Oct 17, 2026
  • Q & A: 120 Questions and Answers

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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:

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

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

                                      Question #1

                                      The purpose of a Policy Summary is to:

                                      • A. highlight the coverages, riders, and exclusions of the issued policy
                                      • B. describe the issuing insurer to the insured
                                      • C. provide the conditional receipt
                                      • D. educate the client at the time of application about the types of insurance available
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

                                      Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).

                                      Question #2

                                      Insurance producers in Hawaii are required to maintain records of insurance transactions for a MINIMUM of how many years?

                                      • A. Five
                                      • B. Ten
                                      • C. Three
                                      • D. Seven
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

                                      Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).

                                      Question #3

                                      When recommending an annuity to a consumer in Hawaii, a producer must:

                                      • A. act in the consumer's best interest without placing the producer's or insurer's financial interest ahead of the consumer's
                                      • B. place the insurer's financial interest ahead of the consumer's when the insurer pays the highest commission
                                      • C. recommend only variable annuities to consumers under age 65
                                      • D. recommend the annuity with the longest surrender period
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

                                      Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).

                                      Question #4

                                      An insured under a life settlement transaction has a life expectancy of MORE than one year. A life settlement provider, broker, or authorized representative may generally contact the insured to verify health status no more frequently than:

                                      • A. once each week
                                      • B. once every six months
                                      • C. once each month
                                      • D. once every three months
                                      Reveal Solution  Discussion  0

                                      Correct Answer: D  🗳️

                                      Explanation: Only visible for VCEEngine members. You can sign-up / login (it's free).

                                      Question #5

                                      A method of providing life insurance on the husband of a person covered by a life insurance policy is by:

                                      • A. a Spouse Term rider
                                      • B. a Guaranteed Insurability Option rider
                                      • C. an Accidental Death and Dismemberment (AD & D) rider
                                      • D. a Return of Premium rider
                                      Reveal Solution  Discussion  0

                                      Correct Answer: A  🗳️

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