Hawaii Life & Health Insurance Exam — All Questions

Which agency issues resident life and health insurance producer licenses in Hawaii?

• a.Hawaii Insurance Division✓
• b.Hawaii Department of Insurance
• c.Hawaii Insurance Commission
• d.Hawaii Department of Financial Services

Hawaii regulates insurance through the Insurance Division of the Department of Commerce and Consumer Affairs (DCCA), led by an Insurance Commissioner. It issues producer licenses and enforces the state insurance code.

After a producer is licensed in Hawaii, what must happen before he or she can transact business for a particular insurer?

• a.Nothing further is required once the license is issued
• b.The insurer must appoint the producer and file that appointment with the Hawaii Insurance Division✓
• c.The producer must post a personal surety bond with the state treasurer
• d.The producer must become a resident of the insurer's home state

A license lets a person act as a producer, but to represent a specific company the insurer must appoint the producer and file the appointment with the department. A producer may hold appointments from more than one insurer at the same time.

Which statement best describes Hawaii's continuing education (CE) requirement for resident life and health producers?

• a.No continuing education is required to renew the license
• b.CE is required only in the first year of licensure and never again
• c.Producers must complete state-approved CE each renewal period, including an ethics component, to keep the license active✓
• d.CE may be satisfied only by re-taking the state licensing examination

Like other states following the NAIC model, Hawaii requires resident producers to complete approved continuing education each renewal cycle, including a required ethics portion, and to pay the renewal fee. The exact hour totals are set by the department; the tested concept is that ongoing, ethics-inclusive CE is mandatory to renew. Always confirm current hour requirements with the department before renewal.

A producer already licensed and residing in another state wants to sell life and health insurance in Hawaii. Under standard producer-licensing rules, that producer would generally apply for:

• a.A second resident license, which requires moving to Hawaii
• b.A nonresident producer license in Hawaii, typically issued on a reciprocal basis without retaking prelicensing exams✓
• c.No license at all, because an out-of-state license is automatically valid everywhere
• d.A temporary permit that can never be renewed

Under the NAIC Producer Licensing Model Act, states issue nonresident licenses on a reciprocal basis: a producer who holds a license in good standing in a home state can usually obtain a Hawaii nonresident license without repeating prelicensing coursework or exams, subject to the application and fee.