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

Updated: Aug 28, 2026

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  • Exam Code: Hawaii-Life-Producer
  • Exam Name: Hawaii Life Producer Exam (InsHI_Life01 OPLife01)

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Insurance Licensing Hawaii-Life-Producer Exam Syllabus Topics:

SectionObjectives
Topic 1: Life - Hawaii Specific- Hawaii Laws and Rules Pertinent to Life Insurance Only
  • 1. Participation in Surplus
    • 2. Policy Clauses and Provisions
      • Protection of beneficiaries from creditors
      • Policy loan interest rate
      • Spouse's rights
    • 3. Group Life
      • Group requirements
      • Assignment of proceeds
      • Conversion
    • 4. Marketing methods and practices
      • Replacement
      • Annuities
    • 5. Credit Life
      • 6. Variable Contracts
        - Hawaii Laws and Rules Common to Life, Accident and Health, Property, Casualty and Personal Lines Insurance
        • 1. Licensing
          • General qualifications for licensing
          • Persons required to be licensed
          • Denial, suspension, and revocation of licenses
          • Renewal of license and continuing education
        • 2. Guaranty Associations
          • 3. Marketing practices
            • Unfair and deceptive practices
            • Reporting and accounting for premiums
            • Sharing commissions
            • Required records and record retention
            • Controlled business
            • Premiums
          • 4. Definitions
            • Authorized and unauthorized
            • Domestic, foreign, and alien
            • Stock, reciprocal and mutual
            • Certificate of authority
            • Insurance
          • 5. Insurance Commissioner
            • General powers and duties
            • Examination of records
            • Notice of hearings
            • Penalties
          Topic 2: Life - General Knowledge- Life Provisions, Riders, Options, and Exclusions
          • 1. Policy provisions and options
            • Entire contract
            • Insuring clause
            • Free look
            • Consideration
            • Owner's rights
            • Beneficiary designations
            • Premium payment
            • Reinstatement
            • Policy loans, withdrawals, partial surrenders
            • Non-forfeiture options
            • Dividends and dividend options
            • Incontestability
            • Assignments
            • Suicide
            • Misstatement of age and gender
            • Settlement options
            • Accelerated death benefits
          • 2. Policy exclusions
            • War
            • Aviation
            • Dangerous occupation
          • 3. Policy riders
            • Waiver of premium and waiver of monthly deduction
            • Guaranteed insurability
            • Payor benefit
            • Accidental death and/or accidental death and dismemberment
            • Term riders
            • Other insureds
            • Long term care
            • Return of premium
            • Disability
            • Cost of Living
          - Retirement and Other Insurance Concepts
          • 1. Retirement plans
            • Qualified plans
            • Nonqualified plans
          • 2. Social Security benefits
            • 3. Third-party ownership
              • 4. Life settlements
                • 5. Group life insurance
                  • Conversion privilege
                  • Contributory vs. noncontributory
                • 6. Life insurance needs analysis and suitability
                  • Personal insurance needs
                  • Business insurance needs
                • 7. Tax treatment of insurance premiums, proceeds, and dividends
                  • Individual life
                  • Group life
                  • Modified Endowment Contracts
                - Types of Policies
                • 1. Term life
                  • Types
                  • Special features
                • 2. Traditional whole life products
                  • Ordinary whole life
                  • Limited-pay and single-premium life
                • 3. Annuities
                  • Single and flexible premium
                  • Immediate and deferred
                  • Fixed and variable
                  • Indexed
                  • Accumulation and annuity periods
                  • Payout options
                • 4. Combination plans and variations
                  • Joint life (first to die)
                  • Survivorship life (second to die)
                • 5. Interest/market-sensitive/adjustable life products
                  • Universal life
                  • Variable whole life
                  • Variable universal life
                  • Interest-sensitive whole life
                  • Indexed life
                - Completing the Application, Underwriting, and Delivering the Policies
                • 1. Completing the application
                  • Required signatures
                  • Changes in the application
                  • Consequences of incomplete applications
                  • Warranties and representations
                  • Collecting the initial premium and issuing the receipt
                  • Replacement
                  • Disclosures at point of sale
                  • USA PATRIOT Act and anti-money laundering
                  • Gramm-Leach-Bliley Act privacy
                • 2. Underwriting
                  • Insurable interest
                  • Medical information and consumer reports
                  • Fair Credit Reporting Act
                  • Risk classification
                  • Stranger/Investor-owned life insurance
                • 3. Contract law
                  • Elements of a contract
                  • Unique aspects of the insurance contract
                • 4. Delivering the policy
                  • When coverage begins
                  • Explaining the policy and its provisions, riders, exclusions, and ratings to the client

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

                Question 1

                A Hawaii producer deposits insurance premium funds into a properly designated premium trustee account that earns interest. The producer may retain the interest for personal use only if:

                A. the producer reports the interest as taxable income
                B. the insurer or person entitled to the funds gives prior written consent
                C. the producer has held a license for at least five years
                D. the amount of interest is less than $100


                Question 2

                The number of continuing education credit hours that a Life and/or Accident and Health Producer must complete to have their license renewed is:

                A. 22
                B. 18
                C. 24
                D. 20


                Question 3

                An insurance company will take which of the following actions if a producer submits an incomplete application for life insurance?

                A. Offer to issue the policy with restricted Nonforfeiture Options.
                B. Return the application to the producer.
                C. Issue a rated policy.
                D. Issue the policy with an extended Incontestable Period.


                Question 4

                How many years are producers required to keep records for Continuing Education?

                A. 2
                B. 4
                C. 3
                D. 1


                Question 5

                R is insured under a $25,000 Whole Life policy with an Accidental Death Benefit rider. If R dies as the result of a heart attack while driving to work, R's beneficiary will receive a maximum of which of the following amounts?

                A. $0
                B. $75,000
                C. $50,000
                D. $25,000


                Solutions:

                Question 1
                Answer: B
                Question 2
                Answer: C
                Question 3
                Answer: B
                Question 4
                Answer: B
                Question 5
                Answer: D

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