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Exam (elaborations)

Hawaii Life Insurance Exam Questions And Answers

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Hawaii Life Insurance Exam Questions And Answers Accelerated Benefits Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses Whole Life Insurance Insurance that is kept in force for a person's entire life and pays a be...

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  • May 15, 2024
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  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
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Hawaii Life Insurance Exam Questions And
Answers
Accelerated Benefits
Riders attached to life insurance policies which allow death benefits to be used to cover nursing or
convalescent home expenses


Whole Life Insurance
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
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
A material stipulation in the policy that if betrayed may void coverage.


Waiver of Premium
Continuation of life insurance coverage if the insured becomes totally disabled Nd j Greer


domestic insurer are examined by the Commissioner
5 yrs


amount of time an insurer has to respond to Commissioner regarding a complaint
15 days


amount of time for applicant to demand hearing
10 days


amount of time the commissioner has to hold a hearing after receipt of application
30 days


amount of time within which a hearing must be held for denial, suspension or revocation of a license
20 days


age to apply for license
18 yrs old


temporary license period
180 days


file notice of producer appointment
15 days

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