Hawaii Life and Health Insurance Practice Exam
Questions and Correct Verified Answers -Latest
Update 2025-2026
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 2025-2026
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 | |
