A. It must contain all charges is correct and follows directly from HRS §431:10-218, titled “Stated premium must include all charges.” Hawaiʻi law requires the premium stated in an insurance policy to be inclusive of all fees, charges, premiums, or other consideration charged for the insurance or for procuring it. The statute further provides that an insurer, producer, officer, employee, or other representative may not separately charge or receive compensation or other consideration for insurance if that amount is not included in the premium specified in the policy.

The statute contains an exception for surety and group insurance contracts, but the question specifically asks about an individual life policy , so that exception does not alter the answer.

Options B and D are incorrect because expenses, loads, or issuance-related charges cannot simply be excluded from the stated premium when they constitute consideration charged for the insurance or its procurement. Option C is also too broad; Hawaiʻi law does not establish a general rule that all taxes must be excluded from the premium.

The regulatory purpose is transparency. The policyholder should be able to identify the actual premium consideration required for the contract rather than discovering additional undisclosed insurance charges afterward.

Reference topics: HRS §431:10-218; Premium Requirements; Policy Charges; Consumer Disclosure.