HAWAII ADJUSTERS TOP FORECASTED EXAM 2
CERTIFICATION ASSESSMENT 2026 VERIFIED
ANSWERS GRADED A+
◉ Negligence or a tort.
Answer: A legal duty owed is proven and breach of legal duty owed
is also present
◉ A common carrier is not liable for the loss of a shipper's goods
when the loss results from.
Answer: An act of God such as floods, hurricanes or negligence of the
shipper (poor packaging)
◉ Inland marine insurance is commonly used to insure.
Answer: property and goods while they are on a vessel on the water,
coverage ends when goods are offloaded onto land
◉ A threat of violence or injury in the act of stealing is called.
Answer: Robbery, requires stealing by means of a threat of violence
or injury
◉ After necessary filing for catastrophe, the license is legal to use for
________ days.
,Answer: 120 days
◉ The form used to report the insured's actual and estimated
business income under an Equipment Breakdown policy is called:.
Answer: Business income—Report of Values
◉ What is the name of the standard form for fire insurance in
Hawaii?.
Answer: The New York 1943 standard fire form
◉ A home burns and all of the jewelry is lost. The maximum the
insured can collect under the HO-3 policy for the jewelry is.
Answer: S1,500, an unedorsed HO provides ACV for personal
property
◉ Which of the following best describes the meaning of "contract of
adhesion?".
Answer: Since the insurance company formulates the policy, any
ambiguitious language favors the insured
◉ What is the maximum that will be paid under replacement cost
coverage under the HO forms for dwellings?.
Answer: The total price to replace the dwelling up to the dwelling
limit, if adequate coverage is in place
, ◉ A method of replacing damaged property with something not
exactly like the damaged item, but will perform the same is known
as.
Answer: Functional Replacement Cost
◉ Under a watercraft or yacht policy how are claims settled?.
Answer: Actual Cash Value
◉ An auto is described in the schedule of the hired autos
endorsement to a business auto policy. For purposes of BAP
coverage, this auto will be treated as.
Answer: A covered auto owned by the named insured
◉ Entering into any agreement to commit any act resulting in or
tending to result in unreasonable restraint of the business of
insurance is an example of.
Answer: Coercion
◉ When an insurance company buys insurance for some of the risks
for which it has issued coverage is.
Answer: Reisurance
CERTIFICATION ASSESSMENT 2026 VERIFIED
ANSWERS GRADED A+
◉ Negligence or a tort.
Answer: A legal duty owed is proven and breach of legal duty owed
is also present
◉ A common carrier is not liable for the loss of a shipper's goods
when the loss results from.
Answer: An act of God such as floods, hurricanes or negligence of the
shipper (poor packaging)
◉ Inland marine insurance is commonly used to insure.
Answer: property and goods while they are on a vessel on the water,
coverage ends when goods are offloaded onto land
◉ A threat of violence or injury in the act of stealing is called.
Answer: Robbery, requires stealing by means of a threat of violence
or injury
◉ After necessary filing for catastrophe, the license is legal to use for
________ days.
,Answer: 120 days
◉ The form used to report the insured's actual and estimated
business income under an Equipment Breakdown policy is called:.
Answer: Business income—Report of Values
◉ What is the name of the standard form for fire insurance in
Hawaii?.
Answer: The New York 1943 standard fire form
◉ A home burns and all of the jewelry is lost. The maximum the
insured can collect under the HO-3 policy for the jewelry is.
Answer: S1,500, an unedorsed HO provides ACV for personal
property
◉ Which of the following best describes the meaning of "contract of
adhesion?".
Answer: Since the insurance company formulates the policy, any
ambiguitious language favors the insured
◉ What is the maximum that will be paid under replacement cost
coverage under the HO forms for dwellings?.
Answer: The total price to replace the dwelling up to the dwelling
limit, if adequate coverage is in place
, ◉ A method of replacing damaged property with something not
exactly like the damaged item, but will perform the same is known
as.
Answer: Functional Replacement Cost
◉ Under a watercraft or yacht policy how are claims settled?.
Answer: Actual Cash Value
◉ An auto is described in the schedule of the hired autos
endorsement to a business auto policy. For purposes of BAP
coverage, this auto will be treated as.
Answer: A covered auto owned by the named insured
◉ Entering into any agreement to commit any act resulting in or
tending to result in unreasonable restraint of the business of
insurance is an example of.
Answer: Coercion
◉ When an insurance company buys insurance for some of the risks
for which it has issued coverage is.
Answer: Reisurance
