Hawaii Adjuster Exam Latest Update -

Hawaii Adjuster Exam Latest Update - 540 Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt Verified By Professor

"Twisting" always involves some type of: - CORRECT ANSWER: Misrepresentation

A 40-year old commercial building is insured with a limit on the building of $300,000 and has suffered a partial loss as a result of a hot water heater explosion. It will cost $17,000 for the increased cost of construction to comply with the building codes and $20,000 for all other covered damages. The building is covered under a standardized Building and Personal Property coverage form, with the special cause of loss form attached. The insured submits the proof of loss for all of the repairs, including the increased costs to comply with the new building codes. Which of the following describes how this claim will be paid? - CORRECT ANSWER: The insurer will pay $10,000 for the increased cost of construction, plus $20,000 for the cost of all other covered damages

A burglar apprehended in Smith's Jewelry Store by Mr. Smith, the owner, puts up a fight and suffers a broken jaw as a consequence. The burglar sues Smith's Jewelry Store for bodily injury. Will the store's CGL policy provide defense of the suit? - CORRECT ANSWER: Yes. Although intentional, the injury was committed by Mr. Smith to protect himself and his property and is therefore covered

A business auto policy has a $100,000 limit of insurance for liability coverage. As a result of an automobile accident involving a covered auto, two people are injured. The first injured party sues the named insured and wins a $150,000 judgment. The insurer pays its limit of insurance. If the other injured party later sues the insured, the insurer will: - CORRECT ANSWER: Deny further obligations to the insured as a result of the other injured party

A business auto policy has a $100,000 limit of insurance for liability coverage. As a result of an automobile accident involving a covered auto, two people are injured. The first injured party sues the named insured and wins a $150,000 judgment. The insurer pays its limit of insurance. If the other injured party later sues the insured, the insurer 1 / 4

will: - CORRECT ANSWER: Deny further obligations to the insured as a result of the other injured party

A business covered by a standard Businessowners policy is shut down due to the acts of a civil authority. Which of the following additional coverages would NOT be subject to

a waiting period before coverage would apply? - CORRECT ANSWER: Extra Expense

A business covered by a standard Businessowners policy is shut down due to the acts of a civil authority. Which of the following additional coverages would NOT be subject to

a waiting period before coverage would apply? - CORRECT ANSWER: Extra Expense

A claim is brought against the named insured under a CGL policy. Before settlement is made the insured files for bankruptcy. This action: - CORRECT ANSWER: Does not relieve the insurance company from paying the claim

A claim is brought against the named insured under a CGL policy. Before settlement is made the insured files for bankruptcy. This action: - CORRECT ANSWER: Does not relieve the insurance company from paying the claim

A claim is brought against the named insured under a CGL policy. Before settlement is made the insured files for bankruptcy. This action: - CORRECT ANSWER: Does not relieve the insurance company from paying the claim. is correct

A Commercial Package Policy (CPP) always includes:

• A single Declarations page common to all coverages.

II. A single Conditions section common to all coverages.III. A single Exclusions section common to all coverages. - CORRECT ANSWER: I and II only

A covered commercial auto requires $700 in repairs because of damage done by a limb from a dead tree that fell on it. The auto's BAP physical damage coverage has a $100 comprehensive deducible and a $250 collision deductible. Assuming that the ACV and replacement cost of the vehicle is $700, the insurer will pay: - CORRECT ANSWER:

$600 2 / 4

A customer is injured on the insured's premises and the insured is not found legally liable. The insured carries a Commercial General Liability policy. Which of the following

CGL coverages would apply to cover the customer's injuries? - CORRECT ANSWER:

Medical payments

A customer is injured on the insured's premises and the insured is not found legally liable. The insured carries a Commercial General Liability policy. Which of the following

CGL coverages would apply to cover the customer's injuries? - CORRECT ANSWER:

Medical payments

A document that temporarily obligates an insurance company to provide coverage while the issuance of a policy is pending is known as: - CORRECT ANSWER: A binder

A Fire policy issued by a mutual insurer in Hawaii is: - CORRECT ANSWER: Is subject to the requirement of adding the total amount for which the insured may be liable, as required under the charter or articles governing the insurer, in the body of the policy

A Flood Insurance Rate Map: - CORRECT ANSWER: Outlines the special flood hazard areas and community flood zones

A fur coat that is insured by a Personal Articles Floater is damaged by a pet. Coverage for the coat would be provided because the policy is written on: - CORRECT ANSWER: An open peril basis

A landlord has wrongfully evicted a tenant. A lawsuit is brought by the tenant against the landlord. The landlord would need: - CORRECT ANSWER: Personal injury coverage

A named insured in a Personal Umbrella policy has died. Which of the following is true regarding how the policy will be "assigned" following the death? - CORRECT ANSWER: The policy will be continue to cover the spouse or any member of the deceased insured's household, but only while residing in the residence premises and only until the end of the policy period

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A new homeowner is being forced into purchasing insurance from a particular insurance company as a condition to receiving a mortgage. The lender is guilty of which of the

following unfair trade practices? - CORRECT ANSWER: Coercion

A NFIP policy has a policy period of: - CORRECT ANSWER: One year term only

A person injured in an automobile accident in Hawaii can collect up to _______, per month for their loss of wages under the provisions of PIP coverage. - CORRECT

ANSWER: $1,200

A person takes bank deposits to the bank every day for a business. In Commercial Crime insurance terminology, this person is known as a: - CORRECT ANSWER: Messenger (A messenger has custody of the insured's property outside the insured's premises.)

A person takes bank deposits to the bank every day for a business. In Commercial Crime insurance terminology, this person is known as a: - CORRECT ANSWER: Messenger (A messenger has custody of the insured's property outside the insured's premises.)

A person who knowingly makes false and maliciously critical or derogatory statements about another person with the intent to cause injury is guilty of: - CORRECT ANSWER: Defamation

A Personal Articles Floater (PAF) is designed to protect property owners from damage or losses to personal property while in the process of transport. Which of these

statements about a PAF is FALSE? - CORRECT ANSWER: A PAF only covers property

in the continental United States

A Personal Articles Floater (PAF) is designed to protect property owners from damage or losses to personal property while in the process of transport. Which of these

statements about a PAF is FALSE? - CORRECT ANSWER: A PAF only covers property

in the continental United States

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