Hawaii Life Insurance Exam 2023 questions and verified correct answers

Accelerated Benefits - correct answer Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses Whole Life Insurance - correct 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 - correct 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 - correct answer A material stipulation in the policy that if betrayed may void coverage. Waiver of Premium - correct answer Continuation of life insurance coverage if the insured becomes totally disabled Nd j Greer domestic insurer are examined by the Commissioner - correct answer 5 yrs amount of time an insurer has to respond to Commissioner regarding a complaint - correct answer 15 days amount of time for applicant to demand hearing - correct answer 10 days amount of time the commissioner has to hold a hearing after receipt of application - correct answer 30 days amount of time within which a hearing must be held for denial, suspension or revocation of a license - correct answer 20 days age to apply for license - correct answer 18 yrs old