Hawaii life and health practice exam

1. Which agency regulates insurance producers and insurers in Hawaii?

1. Insurance Division of the Department of Commerce and Consumer Affairs
2. Hawaii Department of Taxation
3. Hawaii Department of Labor and Industrial Relations
4. Hawaii Office of the Lieutenant Governor

2. A Hawaii licensee has a change of status. Within how many days must it be reported to the Insurance Commissioner?

1. 10 days
2. 15 days
3. 30 days
4. At the next renewal

1. What is the minimum age to apply for an individual insurance producer license in Hawaii?

1. 18
2. 16
3. 19
4. 21

2. A Hawaii applicant passed the Life line exam. Within what period before the license is issued must that exam have been passed?

1. Within the 6 months immediately preceding issuance
2. Within the 1 year immediately preceding issuance
3. There is no time limit
4. Within the 2 years immediately preceding issuance

3. Besides passing the exam and paying fees, what must an individual applicant for a Hawaii producer license submit for a background check?

1. A credit report from all three bureaus
2. A full set of fingerprints
3. Three letters of recommendation
4. A surety bond of $10,000

4. A Hawaii producer license was inactivated for nonpayment of the renewal fee. How can it be reinstated without a new written exam?

1. Within 12 months, by paying the fee plus a penalty of double the unpaid renewal fees
2. Within 30 days, by paying the renewal fee only
3. Within 24 months, by retaking prelicensing education
4. It can never be reinstated without an exam

5. How many continuing education credit hours must a Hawaii resident producer with Life and Accident and Health lines complete before each renewal?

1. 12 hours, including 2 hours of ethics
2. 30 hours, including 5 hours of ethics
3. 24 hours, all in any subject
4. 24 hours: 21 in life or accident and health plus 3 in ethics or insurance laws and rules

6. According to the Hawaii Insurance Division, how soon before the renewal due date should a producer complete CE?

1. Up to 30 days after the renewal due date
2. On the renewal due date
3. At least 15 days before the renewal due date
4. At least 90 days before the renewal due date

7. A Hawaii producer completes 30 CE hours in one renewal cycle. How many extra hours carry over to the next cycle?

1. 6
2. 3
3. None
4. All of them

1. What grace period must a Hawaii individual life insurance policy provide for premiums after the first?

1. 30 days
2. 10 days
3. 31 days
4. 60 days

2. Under Hawaii law, a life policy becomes incontestable, except for nonpayment of premiums, after it has been in force for:

1. 1 year from its date of issue
2. 5 years from its date of issue
3. 3 years from its date of issue
4. 2 years from its date of issue

3. A Hawaii life policy lapsed for nonpayment and was not surrendered for cash. Within what period after default may it be reinstated?

1. Within 1 year
2. Within 3 years
3. Within 2 years
4. Within 5 years

1. What grace period must a Hawaii individual accident and health policy with monthly premiums provide?

1. 7 days
2. 31 days
3. 10 days
4. 60 days

2. Under the time limit on certain defenses provision required in Hawaii accident and health policies, non-fraudulent misstatements in the application cannot be used to void the policy after:

1. 3 years from the date of issue
2. 2 years from the date of issue
3. 1 year from the date of issue
4. 5 years from the date of issue

3. Under a Hawaii accident and health policy, when may an insured file a lawsuit to recover on the policy?

1. Any time after the loss
2. Only after binding arbitration
3. Not until 30 days after notice of claim, and not more than 1 year after the loss
4. Not until 60 days after written proof of loss, and not more than 3 years after proof is required

4. A Hawaii policy provides family coverage. When does coverage for a newborn child begin?

1. After 14 days
2. From the moment of birth
3. After 31 days
4. Only after the newborn is added at the next renewal

5. How long does a Hawaii applicant have to return a long-term care insurance policy for a full premium refund?

1. 10 days from delivery
2. 20 days from delivery
3. 30 days from delivery
4. 60 days from delivery

6. Under Hawaii's Prepaid Health Care Act, which employees must generally be provided health care coverage by their employer?

1. Employees working at least 20 hours per week (meeting a minimum earnings level), after 4 consecutive weeks of employment
2. Only full-time employees working 40 hours per week
3. Only employees of companies with 50 or more workers
4. All employees on their first day of work

7. Under Hawaii's Prepaid Health Care Act, an employee's share of the premium may not exceed:

1. 10 percent of the premium
2. There is no limit
3. 5 percent of annual wages
4. The lesser of 50 percent of the premium or 1.5 percent of the employee's monthly gross earnings

1. A Hawaii producer offers a client a gift of value not specified in the policy to induce a purchase. Under HRS 431:13-103 this is:

1. Allowed if disclosed in writing
2. Rebating, an unfair or deceptive act
3. Allowed for life insurance only
4. Twisting