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Life and Health Insurance Producer Exam

Policy provisions (HI): practice questions

Our Life & Health Insurance bank has 7 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Hawaii

Under Hawaii's standard life policy provisions, within what period after premium default may a policy be reinstated?

  1. Three years, unless surrendered for cash value or extended term has expired
  2. One year
  3. Five years
  4. Six months, and only if the insured submits a new medical examination at their own cost
Show the answer

A. Three years, unless surrendered for cash value or extended term has expired — HRS 431:10D-102(a)(5).

Question 2 · Hawaii

Under the notice of claim provision of a Hawaii accident and health policy, written notice is to be given within how long after a loss?

  1. Twenty days, or as soon thereafter as reasonably possible
  2. Sixty days
  3. One year, with no exceptions
  4. Ninety days
Show the answer

A. Twenty days, or as soon thereafter as reasonably possible — HRS 431:10A-105(5)(A).

Question 3 · Hawaii

Under the time limit on certain defenses in a Hawaii accident and health policy, after how long can non-fraudulent misstatements in the application no longer void the policy?

  1. Three years from the date of issue
  2. Two years from the issue date
  3. Five years
  4. One year
Show the answer

A. Three years from the date of issue — HRS 431:10A-105(2)(A).

Question 4 · Hawaii

How long does the free-look notice on individual life and individual accident and health policies give the purchaser to return the policy?

  1. Twenty days from receipt
  2. Thirty days from the date of application, whether or not delivered
  3. Sixty days
  4. Ten days from receipt
Show the answer

D. Ten days from receipt — HRS 431:10-214(a).

Question 5 · Hawaii

What grace period must a Hawaii life insurance policy allow?

  1. Sixty days
  2. Thirty days
  3. Thirty-one days for monthly premiums and seven for weekly ones
  4. Ten days
Show the answer

B. Thirty days — HRS 431:10D-102(a)(1).

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