Hawaii Adjusters Practice Test Latest Update

Hawaii Adjusters Practice Test Latest Update

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A Commercial General Liability form provides automatic coverage for newly acquired

organizations for up to - CORRECT ANSWER: 90 Days

A contractor in need of a bid bond to obtain a contract is an example of a(n): -

CORRECT ANSWER: Principal

A judgement has been levied against an unauthorized insurer at an administrative proceeding in Hawaii. If the unauthorized insurer does not pay the judgement within 30 days, the court may add: - CORRECT ANSWER: 12.5% of the judgement to be added to allow for reasonable attorney's fees and any other fees necessary

An applicant for an agent, producer, or adjuster license in Hawaii has failed the state licensing exam for their line of insurance two times. What is the waiting period before this applicant may take the same state licensing exam again? - CORRECT ANSWER: 6 Months

An insurer has violated the insurance laws of Hawaii. The Attorney General on behalf of the Insurance Commissioner seeks an action in forfeiture against the insurer. What is the penalty that can apply each day that the violation continues? - CORRECT

ANSWER: $10,000

An insurer or licensee must respond in writing to an inquiry from the Hawaii Insurance Commissioner regarding a consumer complaint within: - CORRECT ANSWER: 15 Days

Any person that knowingly violates the provisions concerning the handling of a Personal Injury Protection (PIP) motor vehicle insurance applications or the provisions concerning cancellation or nonrenewal of PIP insurance, will be subject to a civil penalty up to: -

CORRECT ANSWER: $1,000 1 / 2

Any person who violates any provision of the Code for which another penalty is not specified may be subject to a fine of not less than ______nor more than ______, or by

imprisonment for up to one year. - CORRECT ANSWER: $100/$10,000

Any person who violates any provision of the Hawaii Insurance Code may be subject to

a monetary penalty of - CORRECT ANSWER: Not less than $100 nor more than

$10,000

By what means may each member insurer of the Hawaii Insurance Guaranty

Association recoup assessments they have paid? - CORRECT ANSWER: By placing a

surcharge on premiums

Garagekeepers specified causes of loss coverage would apply to each of the following,

EXCEPT:

Fire, Windstorm, Falling Objects, or Lightening - CORRECT ANSWER: Windstorm

How are losses settled under a typical inland marine policy? - CORRECT ANSWER:

Actual Cash Value

How do eligibility requirements of homeowner and dwelling policies differ? - CORRECT ANSWER: Homeowner policies require that the named insured reside at the described premises while dwelling policies do not

How long must a foreign or alien insurer have transacted business elsewhere in order to

transact business in Hawaii? - CORRECT ANSWER: 5 Years

How much is a foot worth - CORRECT ANSWER: 205 weeks

How much is a hand worth? - CORRECT ANSWER: 244 Weeks

How much is a leg worth - CORRECT ANSWER: 288 Weeks

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