Hawaii Life and Health Insurance Practice Exam
Questions and Correct Verified Answers | Latest
Update 2025
1. What is the primary purpose of the Hawaii Life and Health Insurance
Guaranty Association?
• A. To regulate insurance premiums in Hawaii
• B. To provide protection to policyholders in the event that an insurer
becomes insolvent
• C. To oversee insurance claims processing
• D. To assist policyholders in choosing the best insurance plan
2. What is the maximum amount of coverage for health insurance through the
Hawaii Prepaid Health Care Act (PHCA)?
• A. $50,000
• B. $100,000
• C. $75,000
• D. $200,000
3. In Hawaii, under the Prepaid Health Care Act, an employer must provide
health insurance coverage to employees working how many hours per week?
• A. 20 hours
• B. 25 hours
• C. 30 hours
• D. 35 hours
,4. Which of the following statements is true about Hawaii’s life insurance
policies?
• A. A life insurance policy in Hawaii must provide a 10-day free look
period.
• B. Life insurance policies in Hawaii do not have a free look period.
• C. All life insurance policies in Hawaii must have a 30-day grace period for
premiums.
• D. Hawaii requires life insurance policies to only be renewable every 5
years.
5. Which of the following is true about a convertible term life insurance policy in
Hawaii?
• A. It cannot be converted into a permanent policy after 5 years.
• B. It allows the policyholder to convert it into a permanent policy without
undergoing a medical exam.
• C. The term policy can only be converted once within the first year of
issuance.
• D. Convertible term policies are only available to individuals under the age
of 50.
6. Under the Hawaii health insurance law, which of the following is a mandatory
exclusion in a health insurance policy?
• A. Cosmetic surgery unless due to an accident or disease
• B. Childbirth services
• C. Treatment for emergency medical conditions
• D. Mental health services
7. What is the maximum number of days an individual can stay in a hospital and
still be eligible for benefits under Hawaii’s Prepaid Health Care Act?
• A. 30 days
, • B. 60 days
• C. 90 days
• D. 120 days
8. In Hawaii, if an insurer wishes to terminate a life insurance policy, how many
days’ notice must they provide the policyholder?
• A. 10 days
• B. 30 days
• C. 45 days
• D. 60 days
9. Which of the following is a requirement for obtaining a health insurance
license in Hawaii?
• A. The applicant must have a bachelor's degree.
• B. The applicant must complete a pre-licensing education course and pass
a state exam.
• C. The applicant must have 3 years of experience in the insurance industry.
• D. The applicant must be at least 30 years old.
10. Under Hawaii’s life insurance regulations, how often must insurers file their
annual statement?
• A. Annually, by March 1st
• B. Quarterly
• C. Every two years
• D. Monthly
11. In the event of a claim, how soon must Hawaii insurance companies pay the
health insurance claim after receiving all necessary information?
• A. 30 days
• B. 45 days
Questions and Correct Verified Answers | Latest
Update 2025
1. What is the primary purpose of the Hawaii Life and Health Insurance
Guaranty Association?
• A. To regulate insurance premiums in Hawaii
• B. To provide protection to policyholders in the event that an insurer
becomes insolvent
• C. To oversee insurance claims processing
• D. To assist policyholders in choosing the best insurance plan
2. What is the maximum amount of coverage for health insurance through the
Hawaii Prepaid Health Care Act (PHCA)?
• A. $50,000
• B. $100,000
• C. $75,000
• D. $200,000
3. In Hawaii, under the Prepaid Health Care Act, an employer must provide
health insurance coverage to employees working how many hours per week?
• A. 20 hours
• B. 25 hours
• C. 30 hours
• D. 35 hours
,4. Which of the following statements is true about Hawaii’s life insurance
policies?
• A. A life insurance policy in Hawaii must provide a 10-day free look
period.
• B. Life insurance policies in Hawaii do not have a free look period.
• C. All life insurance policies in Hawaii must have a 30-day grace period for
premiums.
• D. Hawaii requires life insurance policies to only be renewable every 5
years.
5. Which of the following is true about a convertible term life insurance policy in
Hawaii?
• A. It cannot be converted into a permanent policy after 5 years.
• B. It allows the policyholder to convert it into a permanent policy without
undergoing a medical exam.
• C. The term policy can only be converted once within the first year of
issuance.
• D. Convertible term policies are only available to individuals under the age
of 50.
6. Under the Hawaii health insurance law, which of the following is a mandatory
exclusion in a health insurance policy?
• A. Cosmetic surgery unless due to an accident or disease
• B. Childbirth services
• C. Treatment for emergency medical conditions
• D. Mental health services
7. What is the maximum number of days an individual can stay in a hospital and
still be eligible for benefits under Hawaii’s Prepaid Health Care Act?
• A. 30 days
, • B. 60 days
• C. 90 days
• D. 120 days
8. In Hawaii, if an insurer wishes to terminate a life insurance policy, how many
days’ notice must they provide the policyholder?
• A. 10 days
• B. 30 days
• C. 45 days
• D. 60 days
9. Which of the following is a requirement for obtaining a health insurance
license in Hawaii?
• A. The applicant must have a bachelor's degree.
• B. The applicant must complete a pre-licensing education course and pass
a state exam.
• C. The applicant must have 3 years of experience in the insurance industry.
• D. The applicant must be at least 30 years old.
10. Under Hawaii’s life insurance regulations, how often must insurers file their
annual statement?
• A. Annually, by March 1st
• B. Quarterly
• C. Every two years
• D. Monthly
11. In the event of a claim, how soon must Hawaii insurance companies pay the
health insurance claim after receiving all necessary information?
• A. 30 days
• B. 45 days
