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Hawaii Insurance exam Latest Update Actual Exam with 170 Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt Verified By Professor$20.49
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Hawaii Insurance exam Latest Update Actual Exam with 170 Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt Verified By Professor
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Course
Hawaii Insurance
Institution
Hawaii Insurance
Hawaii Insurance exam Latest Update Actual Exam with 170 Questions and 100% Verified Correct Answers Guaranteed A+ At First Attempt Verified By Professor
Hawaii Insurance exam Latest Update 2024-2025
Actual Exam with 170 Questions and 100%
Verified Correct Answers Guaranteed A+ At First
Attempt Verified By Professor
A building valued at $100,000 was insured for $80,000 with a policy containing 80% co-
insurance. How much would the insurance pay for a loss of $80,000? - CORRECT
ANSWER: $80,000
A cancellation notice for nonpayment of premiums of a motor vehicle policy must be
provided in at least: - CORRECT ANSWER: 20 days
A contract whereby one undertakes to indemnify the other: - CORRECT ANSWER:
Insurance
A person who acts on behalf of an insurance company is called: - CORRECT ANSWER:
An independent adjuster
A person who license is revoked or suspended is required to provide: - CORRECT
ANSWER: Proof of financial responsibility
A standardized set of agreements offered by one party to another on a take it or leave it
basis - CORRECT ANSWER: an adhesion contract
A statement given by an insured following a loss is called: - CORRECT ANSWER: Proof
of loss
After a loss has been paid, what belongs to the insurance company? - CORRECT
ANSWER: Salvage
,An agreement between an insured and the insurer that certain conditions will be met is
called a: - CORRECT ANSWER: Warranty
An employee taking money or property away from the premises: - CORRECT
ANSWER: Messenger
An employee will receive what % of their average weekly earnings for a total disability
from a work injury? (up to the state avg weekly wage) - CORRECT ANSWER: 66.7%
An expired producer's license may be reinstated within how many months of the due
date? - CORRECT ANSWER: 12 months
An insurance company that is formed in Canada would be: - CORRECT ANSWER:
Alien
An insured buys a CLP on a building and fails (purposefully) to tell her agent he only
owns 50% of the building is an example of: - CORRECT ANSWER: Concealment
An order and notice of commissioner will not be effective unless: - CORRECT
ANSWER: Signed by the Commissioner or under the Commissioner's authority
At least how many days of notice must be filed before the cancellations of workers'
comp insurance contracts? - CORRECT ANSWER: 10 days
Covers the driver if they are involved in an accident with another uninsured person or if
the party is covered but not according to the states required limits: - CORRECT
ANSWER: UM or UIM will be primary
Employers must report workers' comp losses to the Director of Labor within: -
CORRECT ANSWER: 7 days
, Excess coverage over underlying insurance: - CORRECT ANSWER: Also provides
broader coverage than most underlying coverage
Failure to acknowledge claims within a reasonable time: - CORRECT ANSWER: Unfair
claims practice
For a temporary partial disability, benefits are what % of the difference between wages
before and after the injury? - CORRECT ANSWER: 66.7%
For how many years must a licensed surplus lines broker keep records after a contract
termination? - CORRECT ANSWER: 5 years
Forcible removal of property from a messenger through the threat of violence is called: -
CORRECT ANSWER: Robbery
Hawaii public adjusters are required to post a: - CORRECT ANSWER: $10,000 bond
HO6 Covers: - CORRECT ANSWER: Condos
Homeowners liability will pay for all of the following: - CORRECT ANSWER: The
homeowner damage to the neighbors window
House valued at $100K, insured for $80K. If the house burned down and debris removal
was $15K, how much would the insurer pay? - CORRECT ANSWER: $85K
How long should an insured keep records in a business? - CORRECT ANSWER: 5
years
How many days do violators of Insurance Code have to pay any fines received? -
CORRECT ANSWER: 10 days
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