1|Page
LIFE PRODUCER GAURANTY EXAM LATEST 2025/2026 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY GRADED A+|
||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
A producer licensed in only one group of insurance (such as life or
accident and health or sickness) is required to complete 24 hours
of continuing education every licensing period. Out of those
hours, how many must be in the area of the insurance laws and
rules? - ANSWER-3
According to the life insurance replacement regulations, which of
the following would be an example of policy replacement? -
ANSWER-policy is reissued with a reduction in cash value.
Which of the following reduces opportunity for misrepresentation,
protects the interests of the policyholders by establishing
minimum standards, and establishes penalties for failure to
comply with requirements? - ANSWER-Replacement—
Replacement rules reduce opportunity for misrepresentation,
protect the interests of the policyholders by establishing
minimum standards, and establish penalties for failure to
comply with requirements
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All the following are true regarding qualifications for licensing in
Hawaii EXCEPT - ANSWER-The applicant can apply if he or she
has been convicted of a felony
all of the following are true of credit life EXCEPT - ANSWER-The
insured names the beneficiary
Guaranteeing future dividends is considered to be an unfair or
deceptive act known as - ANSWER-Misrepresentation
During policy solicitation, an insurer exaggerates the financial
condition of one of its competitors, and makes it sounds worse
than it is. This is an example of an unfair trade practice of -
ANSWER-Defamation
Which of the following is NOT a duty of the existing insurer when
replacement is involved? - ANSWER-Provide notice to the policy
owner the right to return the policy within 30 days of delivery and
receive a full refund
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An insurer decided to terminate a producer. The insurer just
notified the Commissioner of this decision. How long does the
insurer have to mail a copy of the notification to the producer? -
ANSWER-15 days
All of the expenses of an examination must be paid for by the
insurer being examined. To which fund are payments remitted -
ANSWER-Insurance regulation fund
Which of the following types of life insurance policies include a
conversion of termination provision? - ANSWER-Whole life
An insurer must notify the consumer in writing that an
investigative consumer report has been requested, within how
many days of the initial request? - ANSWER-3 days
An IRA owner who is 57 years old wants to make a withdrawal
from her traditional IRA. What penalty will be imposed -
ANSWER-10 percent (before 59 1/2 = 10 percent penalty)
LIFE PRODUCER GAURANTY EXAM LATEST 2025/2026 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY GRADED A+|
||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
A producer licensed in only one group of insurance (such as life or
accident and health or sickness) is required to complete 24 hours
of continuing education every licensing period. Out of those
hours, how many must be in the area of the insurance laws and
rules? - ANSWER-3
According to the life insurance replacement regulations, which of
the following would be an example of policy replacement? -
ANSWER-policy is reissued with a reduction in cash value.
Which of the following reduces opportunity for misrepresentation,
protects the interests of the policyholders by establishing
minimum standards, and establishes penalties for failure to
comply with requirements? - ANSWER-Replacement—
Replacement rules reduce opportunity for misrepresentation,
protect the interests of the policyholders by establishing
minimum standards, and establish penalties for failure to
comply with requirements
,2|Page
All the following are true regarding qualifications for licensing in
Hawaii EXCEPT - ANSWER-The applicant can apply if he or she
has been convicted of a felony
all of the following are true of credit life EXCEPT - ANSWER-The
insured names the beneficiary
Guaranteeing future dividends is considered to be an unfair or
deceptive act known as - ANSWER-Misrepresentation
During policy solicitation, an insurer exaggerates the financial
condition of one of its competitors, and makes it sounds worse
than it is. This is an example of an unfair trade practice of -
ANSWER-Defamation
Which of the following is NOT a duty of the existing insurer when
replacement is involved? - ANSWER-Provide notice to the policy
owner the right to return the policy within 30 days of delivery and
receive a full refund
, 3|Page
An insurer decided to terminate a producer. The insurer just
notified the Commissioner of this decision. How long does the
insurer have to mail a copy of the notification to the producer? -
ANSWER-15 days
All of the expenses of an examination must be paid for by the
insurer being examined. To which fund are payments remitted -
ANSWER-Insurance regulation fund
Which of the following types of life insurance policies include a
conversion of termination provision? - ANSWER-Whole life
An insurer must notify the consumer in writing that an
investigative consumer report has been requested, within how
many days of the initial request? - ANSWER-3 days
An IRA owner who is 57 years old wants to make a withdrawal
from her traditional IRA. What penalty will be imposed -
ANSWER-10 percent (before 59 1/2 = 10 percent penalty)
