Hawaii Life Insurance Exam Questions With 100% Correct Answers.

Accelerated Benefits - Answer-Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses Whole Life Insurance - Answer-Insurance that is kept in force for a person's entire life and pays a benefit upon the persons death, whenever that may be. Accidental Death Benefits - Answer-A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Warranty - Answer-A material stipulation in the policy that if betrayed may void coverage. Waiver of Premium - Answer-Continuation of life insurance coverage if the insured becomes totally disabled Nd j Greer domestic insurer are examined by the Commissioner - Answer-5 yrs amount of time an insurer has to respond to Commissioner regarding a complaint - Answer-15 days amount of time for applicant to demand hearing - Answer-10 days amount of time the commissioner has to hold a hearing after receipt of application - Answer-30 days amount of time within which a hearing must be held for denial, suspension or revocation of a license - Answer-20 days age to apply for license - Answer-18 yrs old temporary license period - Answer-180 days file notice of producer appointment - Answer-15 daysamount of time to notify the Commissioner of producers appointment - Answer-30 days Amount if time insurer has to notify producer of appointment termination - Answer-15 days