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Hawaii-Life-Producer Hawaii Life Producer Exam (InsHI_Life01 OPLife01) is now Stable and With Pass Result | Test Your Knowledge for Free

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Hawaii-Life-Producer Practice Questions

Hawaii Life Producer Exam (InsHI_Life01 OPLife01)

Last Update 6 days ago
Total Questions : 117

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Question # 11

Which of the following statements is CORRECT about Credit Life insurance?

Options:

A.  

It insures the life of your spouse.

B.  

It insures the life of a creditor.

C.  

It insures the life of a debtor.

D.  

It insures the life of a beneficiary.

Discussion 0
Question # 12

An insurance company formed under the laws of Canada would be known in Hawaii as:

Options:

A.  

a domestic company

B.  

an alien company

C.  

a foreign company

D.  

a mutual company

Discussion 0
Question # 13

A Hawaii group life insurance policyholder fails to pay a premium when due. Except for the first premium, the group policy must generally provide a grace period of at least:

Options:

A.  

10 days

B.  

15 days

C.  

30 days

D.  

60 days

Discussion 0
Question # 14

A Life insurance policy is issued with an exclusion rider for a past health condition. Which of the following actions MUST a producer take when the policy is delivered?

Options:

A.  

Explain the rider and the specific exclusions.

B.  

Deliver the contract without the signature of the applicant.

C.  

Change any inaccurate statements on the application.

D.  

Mail the policy with a return receipt requested.

Discussion 0
Question # 15

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?

Options:

A.  

Countersigns the application

B.  

Collects the initial premium

C.  

Orders a Medical Information Bureau (MIB) report on the applicant

D.  

Sends the application to the insurance company

Discussion 0
Question # 16

Which of the following features makes Universal Life different from other forms of Whole Life insurance?

Options:

A.  

Premium schedules

B.  

Free Look period

C.  

Settlement options

D.  

Beneficiary provisions

Discussion 0
Question # 17

Which of the following policies accumulates the greatest amount of cash value per $1,000 of face amount?

Options:

A.  

Yearly Renewable Term

B.  

Whole Life

C.  

Decreasing Term

D.  

Family Income

Discussion 0
Question # 18

Any person who violates a cease and desist order of the Hawaii Insurance Commissioner is subject to suspension or revocation of license or a MAXIMUM fine for each violation of:

Options:

A.  

$1,000

B.  

$5,000

C.  

$10,000

D.  

$15,000

Discussion 0
Question # 19

Producers may engage in all of the following activities EXCEPT:

Options:

A.  

soliciting insurance applications for insurance

B.  

selling insurance

C.  

countersigning contracts

D.  

negotiating insurance

Discussion 0
Question # 20

Which of the following life insurance policies provides a 25-year-old with the most rapid growth of cash value?

Options:

A.  

Straight Life

B.  

20-Pay Life

C.  

Life Paid-Up at Age 65

D.  

Renewable Term to age 65

Discussion 0
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